Beijing SPC Environment Protection Tech Co Ltd (002573) — Working Capital to Net Assets Ratio
Beijing SPC Environment Protection Tech Co Ltd (002573) has a Working Capital to Net Assets ratio of -20.0% as of September 2025. Working capital of CN¥-1.48 Billion (current assets of CN¥9.62 Billion minus current liabilities of CN¥11.10 Billion) is measured against net assets of CN¥7.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 002573 free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Beijing SPC Environment Protection Tech Co Ltd Working Capital to Net Assets (2008–2024)
This chart shows how Beijing SPC Environment Protection Tech Co Ltd's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at -20.0%, reflecting working capital of CN¥-1.48 Billion against net assets of CN¥7.41 Billion CNY. See 002573 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Beijing SPC Environment Protection Tech Co Ltd (2008–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Beijing SPC Environment Protection Tech Co Ltd from 2008 to 2024, covering 17 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 Beijing SPC Environment Protection Tech market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -18.0% | CN¥-1.35 Billion | CN¥7.47 Billion | CN¥9.56 Billion | CN¥10.90 Billion | ▼ -29.9 pp |
| 2023 | 11.9% | CN¥929.67 Million | CN¥7.83 Billion | CN¥10.13 Billion | CN¥9.20 Billion | ▼ -6.0 pp |
| 2022 | 17.9% | CN¥1.37 Billion | CN¥7.62 Billion | CN¥10.10 Billion | CN¥8.73 Billion | ▼ -5.8 pp |
| 2021 | 23.7% | CN¥1.64 Billion | CN¥6.90 Billion | CN¥9.42 Billion | CN¥7.78 Billion | ▲ +23.2 pp |
| 2020 | 0.5% | CN¥34.24 Million | CN¥6.67 Billion | CN¥5.71 Billion | CN¥5.68 Billion | ▼ -7.4 pp |
| 2019 | 7.9% | CN¥382.07 Million | CN¥4.83 Billion | CN¥5.28 Billion | CN¥4.90 Billion | ▼ -8.0 pp |
| 2018 | 15.9% | CN¥765.89 Million | CN¥4.82 Billion | CN¥5.79 Billion | CN¥5.02 Billion | ▼ -5.7 pp |
| 2017 | 21.6% | CN¥1.00 Billion | CN¥4.64 Billion | CN¥6.70 Billion | CN¥5.69 Billion | ▲ +1.2 pp |
| 2016 | 20.4% | CN¥819.01 Million | CN¥4.01 Billion | CN¥5.41 Billion | CN¥4.59 Billion | ▲ +14.7 pp |
| 2015 | 5.7% | CN¥174.02 Million | CN¥3.03 Billion | CN¥2.78 Billion | CN¥2.61 Billion | ▲ +5.2 pp |
| 2014 | 0.5% | CN¥13.58 Million | CN¥2.60 Billion | CN¥1.54 Billion | CN¥1.52 Billion | ▼ -24.5 pp |
| 2013 | 25.1% | CN¥579.50 Million | CN¥2.31 Billion | CN¥1.54 Billion | CN¥959.48 Million | ▼ -30.9 pp |
| 2012 | 56.0% | CN¥1.22 Billion | CN¥2.18 Billion | CN¥1.47 Billion | CN¥254.30 Million | ▼ -14.4 pp |
| 2011 | 70.4% | CN¥1.44 Billion | CN¥2.05 Billion | CN¥1.64 Billion | CN¥196.94 Million | ▲ +67.5 pp |
| 2010 | 2.9% | CN¥10.54 Million | CN¥366.06 Million | CN¥251.64 Million | CN¥241.10 Million | ▲ +20.0 pp |
| 2009 | -17.1% | CN¥-51.58 Million | CN¥301.02 Million | CN¥281.61 Million | CN¥333.20 Million | ▲ +140.3 pp |
| 2008 | -157.4% | CN¥-439.43 Million | CN¥279.19 Million | CN¥316.12 Million | CN¥755.54 Million | — |