Guangdong Provincial Expressway Development Co Ltd (200429) — Working Capital to Net Assets Ratio
Guangdong Provincial Expressway Development Co Ltd (200429) has a Working Capital to Net Assets ratio of 42.5% as of March 2026. Working capital of HK$6.24 Billion (current assets of HK$7.85 Billion minus current liabilities of HK$1.60 Billion) is measured against net assets of HK$14.69 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 200429 days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guangdong Provincial Expressway Development Co Ltd Working Capital to Net Assets (1994–2025)
This chart shows how Guangdong Provincial Expressway Development Co Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 42.5%, reflecting working capital of HK$6.24 Billion against net assets of HK$14.69 Billion HKD. For the complete balance sheet picture, see balance sheet size of Guangdong Provincial Expressway Developm.
Annual Working Capital to Net Assets for Guangdong Provincial Expressway Development Co Ltd (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guangdong Provincial Expressway Development Co Ltd from 1994 to 2025, covering 32 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. Check Guangdong Provincial Expressway Developm liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (HKD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 39.6% | HK$6.01 Billion | HK$15.19 Billion | HK$7.27 Billion | HK$1.26 Billion | ▲ +17.9 pp |
| 2024 | 21.7% | HK$2.86 Billion | HK$13.20 Billion | HK$4.53 Billion | HK$1.67 Billion | ▼ -5.9 pp |
| 2023 | 27.6% | HK$3.42 Billion | HK$12.41 Billion | HK$4.96 Billion | HK$1.54 Billion | ▲ +2.0 pp |
| 2022 | 25.6% | HK$2.91 Billion | HK$11.37 Billion | HK$4.44 Billion | HK$1.53 Billion | ▲ +8.1 pp |
| 2021 | 17.5% | HK$1.98 Billion | HK$11.32 Billion | HK$3.14 Billion | HK$1.16 Billion | ▲ +12.7 pp |
| 2020 | 4.8% | HK$490.77 Million | HK$10.23 Billion | HK$3.09 Billion | HK$2.60 Billion | ▼ -6.5 pp |
| 2019 | 11.3% | HK$1.15 Billion | HK$10.25 Billion | HK$2.98 Billion | HK$1.83 Billion | ▲ +19.1 pp |
| 2018 | -7.9% | HK$-788.74 Million | HK$10.05 Billion | HK$2.23 Billion | HK$3.02 Billion | ▼ -12.2 pp |
| 2017 | 4.4% | HK$413.30 Million | HK$9.45 Billion | HK$2.48 Billion | HK$2.06 Billion | ▼ -8.4 pp |
| 2016 | 12.7% | HK$1.13 Billion | HK$8.84 Billion | HK$2.67 Billion | HK$1.55 Billion | ▲ +23.8 pp |
| 2015 | -11.0% | HK$-675.01 Million | HK$6.13 Billion | HK$1.05 Billion | HK$1.73 Billion | ▼ -3.0 pp |
| 2014 | -8.0% | HK$-470.21 Million | HK$5.87 Billion | HK$655.26 Million | HK$1.13 Billion | ▲ +1.2 pp |
| 2013 | -9.2% | HK$-466.74 Million | HK$5.05 Billion | HK$1.06 Billion | HK$1.52 Billion | ▲ +26.1 pp |
| 2012 | -35.3% | HK$-1.80 Billion | HK$5.11 Billion | HK$958.17 Million | HK$2.76 Billion | ▼ -24.6 pp |
| 2011 | -10.7% | HK$-507.08 Million | HK$4.76 Billion | HK$1.31 Billion | HK$1.82 Billion | ▲ +4.5 pp |
| 2010 | -15.2% | HK$-727.45 Million | HK$4.80 Billion | HK$504.22 Million | HK$1.23 Billion | ▲ +0.3 pp |
| 2009 | -15.4% | HK$-619.45 Million | HK$4.01 Billion | HK$554.68 Million | HK$1.17 Billion | ▼ -2.0 pp |
| 2008 | -13.5% | HK$-513.19 Million | HK$3.81 Billion | HK$489.78 Million | HK$1.00 Billion | ▲ +5.2 pp |
| 2007 | -18.7% | HK$-705.12 Million | HK$3.78 Billion | HK$243.20 Million | HK$948.33 Million | ▼ -17.7 pp |
| 2006 | -0.9% | HK$-41.12 Million | HK$4.38 Billion | HK$542.84 Million | HK$583.96 Million | ▲ +7.4 pp |
| 2005 | -8.4% | HK$-355.34 Million | HK$4.25 Billion | HK$627.26 Million | HK$982.60 Million | ▼ -7.6 pp |
| 2004 | -0.7% | HK$-32.21 Million | HK$4.36 Billion | HK$663.84 Million | HK$696.06 Million | ▲ +2.0 pp |
| 2003 | -2.8% | HK$-119.04 Million | HK$4.28 Billion | HK$388.70 Million | HK$507.74 Million | ▼ 0.0 pp |
| 2002 | -2.8% | HK$-111.50 Million | HK$4.02 Billion | HK$300.03 Million | HK$411.54 Million | ▼ -7.8 pp |
| 2001 | 5.0% | HK$197.42 Million | HK$3.94 Billion | HK$633.00 Million | HK$435.58 Million | ▼ -24.6 pp |
| 2000 | 29.6% | HK$997.59 Million | HK$3.37 Billion | HK$1.32 Billion | HK$325.20 Million | ▲ +24.1 pp |
| 1999 | 5.5% | HK$139.29 Million | HK$2.55 Billion | HK$541.09 Million | HK$401.80 Million | ▼ -7.9 pp |
| 1998 | 13.4% | HK$313.48 Million | HK$2.35 Billion | HK$518.35 Million | HK$204.86 Million | ▼ -9.8 pp |
| 1997 | 23.1% | HK$403.53 Million | HK$1.74 Billion | HK$564.46 Million | HK$160.92 Million | ▲ +3.6 pp |
| 1996 | 19.5% | HK$330.71 Million | HK$1.70 Billion | HK$442.11 Million | HK$111.40 Million | ▲ +14.5 pp |
| 1995 | 5.0% | HK$53.52 Million | HK$1.07 Billion | HK$169.45 Million | HK$115.94 Million | ▼ -6.9 pp |
| 1994 | 11.9% | HK$126.08 Million | HK$1.06 Billion | HK$226.73 Million | HK$100.65 Million | — |