Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) — Working Capital to Net Assets Ratio
Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) has a Working Capital to Net Assets ratio of 98.2% as of March 2026. Working capital of CN¥2.76 Billion (current assets of CN¥3.57 Billion minus current liabilities of CN¥812.63 Million) is measured against net assets of CN¥2.81 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 002452 equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hunan Changgao High Voltage Switchgear Group Co Ltd Working Capital to Net Assets (2007–2025)
This chart shows how Hunan Changgao High Voltage Switchgear Group Co Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 98.2%, reflecting working capital of CN¥2.76 Billion against net assets of CN¥2.81 Billion CNY. Check tangible equity quality of Hunan Changgao High Voltage Switchgear G to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Hunan Changgao High Voltage Switchgear Group Co Ltd (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hunan Changgao High Voltage Switchgear Group Co Ltd from 2007 to 2025, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Hunan Changgao High Voltage Switchgear G market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 72.2% | CN¥1.96 Billion | CN¥2.72 Billion | CN¥2.79 Billion | CN¥829.93 Million | ▲ +1.0 pp |
| 2024 | 71.2% | CN¥1.72 Billion | CN¥2.41 Billion | CN¥2.54 Billion | CN¥822.89 Million | ▲ +0.2 pp |
| 2023 | 70.9% | CN¥1.60 Billion | CN¥2.26 Billion | CN¥2.29 Billion | CN¥688.57 Million | ▼ -0.8 pp |
| 2022 | 71.8% | CN¥1.51 Billion | CN¥2.10 Billion | CN¥2.33 Billion | CN¥819.79 Million | ▲ +1.7 pp |
| 2021 | 70.0% | CN¥1.47 Billion | CN¥2.09 Billion | CN¥2.49 Billion | CN¥1.02 Billion | ▲ +40.4 pp |
| 2020 | 29.7% | CN¥434.60 Million | CN¥1.47 Billion | CN¥2.14 Billion | CN¥1.70 Billion | ▼ -4.3 pp |
| 2019 | 33.9% | CN¥430.56 Million | CN¥1.27 Billion | CN¥1.83 Billion | CN¥1.40 Billion | ▼ -16.0 pp |
| 2018 | 50.0% | CN¥569.30 Million | CN¥1.14 Billion | CN¥1.64 Billion | CN¥1.07 Billion | ▼ -20.6 pp |
| 2017 | 70.6% | CN¥983.87 Million | CN¥1.39 Billion | CN¥2.12 Billion | CN¥1.13 Billion | ▼ -9.5 pp |
| 2016 | 80.1% | CN¥1.06 Billion | CN¥1.33 Billion | CN¥2.18 Billion | CN¥1.12 Billion | ▼ -3.3 pp |
| 2015 | 83.4% | CN¥1.03 Billion | CN¥1.23 Billion | CN¥1.45 Billion | CN¥426.96 Million | ▲ +6.7 pp |
| 2014 | 76.7% | CN¥904.20 Million | CN¥1.18 Billion | CN¥1.11 Billion | CN¥208.40 Million | ▲ +1.4 pp |
| 2013 | 75.2% | CN¥824.33 Million | CN¥1.10 Billion | CN¥1.02 Billion | CN¥197.89 Million | ▲ +0.8 pp |
| 2012 | 74.5% | CN¥782.66 Million | CN¥1.05 Billion | CN¥979.04 Million | CN¥196.38 Million | ▼ -2.5 pp |
| 2011 | 77.0% | CN¥784.57 Million | CN¥1.02 Billion | CN¥1.02 Billion | CN¥240.34 Million | ▼ -9.9 pp |
| 2010 | 86.9% | CN¥851.29 Million | CN¥979.75 Million | CN¥1.00 Billion | CN¥149.68 Million | ▲ +20.7 pp |
| 2009 | 66.2% | CN¥212.41 Million | CN¥320.98 Million | CN¥424.59 Million | CN¥212.18 Million | ▲ +9.8 pp |
| 2008 | 56.4% | CN¥139.70 Million | CN¥247.79 Million | CN¥363.57 Million | CN¥223.88 Million | ▲ +4.0 pp |
| 2007 | 52.4% | CN¥80.90 Million | CN¥154.46 Million | CN¥257.94 Million | CN¥177.04 Million | — |