Shandong Chenming Paper Holdings Ltd Class B Working Capital to Net Assets Ratio
Shandong Chenming Paper Holdings Ltd Class B working capital to net assets ratio. Shandong Chenming Paper Holdings Ltd Class B (200488) has a Working Capital to Net Assets ratio of -1427.6% as of March 2026. Working capital of HK$-32.23 Billion (current assets of HK$7.01 Billion minus current liabilities of HK$39.24 Billion) is measured against net assets of HK$2.26 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check 200488 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Shandong Chenming Paper Holdings Ltd Class B (1994–2025)
Working capital to net assets ratio of Shandong Chenming Paper Holdings Ltd Class B from 1994 to 2025. This chart shows how Shandong Chenming Paper Holdings Ltd Class B's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at -1427.6%, reflecting working capital of HK$-32.23 Billion against net assets of HK$2.26 Billion HKD. See Shandong Chenming Paper Holdings Ltd Cla defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Shandong Chenming Paper Holdings Ltd Class B Working Capital to Net Assets Ratio by Year (1994–2025)
Shandong Chenming Paper Holdings Ltd Class B working capital to net assets ratio by year from 1994 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Shandong Chenming Paper Holdings Ltd Class B from 1994 to 2025, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see 200488 total assets.
| Year | WC/NA Ratio | Working Capital (HKD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1181.0% | HK$-33.22 Billion | HK$2.81 Billion | HK$6.17 Billion | HK$39.39 Billion | ▼ -963.2 pp |
| 2024 | -217.8% | HK$-27.95 Billion | HK$12.84 Billion | HK$15.89 Billion | HK$43.84 Billion | ▼ -117.2 pp |
| 2023 | -100.5% | HK$-21.21 Billion | HK$21.10 Billion | HK$28.57 Billion | HK$49.78 Billion | ▼ -19.7 pp |
| 2022 | -80.8% | HK$-19.18 Billion | HK$23.73 Billion | HK$32.72 Billion | HK$51.90 Billion | ▼ -2.5 pp |
| 2021 | -78.3% | HK$-17.66 Billion | HK$22.55 Billion | HK$32.87 Billion | HK$50.53 Billion | ▼ -19.6 pp |
| 2020 | -58.8% | HK$-15.16 Billion | HK$25.80 Billion | HK$35.88 Billion | HK$51.05 Billion | ▼ -29.4 pp |
| 2019 | -29.4% | HK$-7.75 Billion | HK$26.34 Billion | HK$44.95 Billion | HK$52.70 Billion | ▲ +22.6 pp |
| 2018 | -52.0% | HK$-13.45 Billion | HK$25.87 Billion | HK$47.97 Billion | HK$61.41 Billion | ▼ -26.1 pp |
| 2017 | -25.9% | HK$-7.83 Billion | HK$30.27 Billion | HK$49.42 Billion | HK$57.25 Billion | ▲ +22.6 pp |
| 2016 | -48.5% | HK$-10.94 Billion | HK$22.56 Billion | HK$35.77 Billion | HK$46.71 Billion | ▲ +29.6 pp |
| 2015 | -78.0% | HK$-13.47 Billion | HK$17.26 Billion | HK$35.16 Billion | HK$48.63 Billion | ▼ -46.5 pp |
| 2014 | -31.5% | HK$-4.53 Billion | HK$14.35 Billion | HK$23.57 Billion | HK$28.10 Billion | ▼ -15.1 pp |
| 2013 | -16.4% | HK$-2.41 Billion | HK$14.64 Billion | HK$16.91 Billion | HK$19.31 Billion | ▼ -9.9 pp |
| 2012 | -6.6% | HK$-940.55 Million | HK$14.35 Billion | HK$19.05 Billion | HK$19.99 Billion | ▲ +11.3 pp |
| 2011 | -17.9% | HK$-2.68 Billion | HK$14.99 Billion | HK$17.24 Billion | HK$19.92 Billion | ▼ -10.8 pp |
| 2010 | -7.1% | HK$-1.08 Billion | HK$15.26 Billion | HK$11.58 Billion | HK$12.66 Billion | ▼ -30.6 pp |
| 2009 | 23.6% | HK$3.48 Billion | HK$14.74 Billion | HK$10.54 Billion | HK$7.06 Billion | ▲ +12.7 pp |
| 2008 | 10.9% | HK$1.53 Billion | HK$14.02 Billion | HK$9.73 Billion | HK$8.20 Billion | ▲ +18.2 pp |
| 2007 | -7.3% | HK$-769.47 Million | HK$10.58 Billion | HK$6.60 Billion | HK$7.37 Billion | ▼ -8.8 pp |
| 2006 | 1.5% | HK$119.86 Million | HK$7.75 Billion | HK$5.99 Billion | HK$5.87 Billion | ▲ +19.8 pp |
| 2005 | -18.3% | HK$-1.31 Billion | HK$7.19 Billion | HK$5.67 Billion | HK$6.98 Billion | ▼ -12.7 pp |
| 2004 | -5.5% | HK$-364.11 Million | HK$6.60 Billion | HK$5.22 Billion | HK$5.58 Billion | ▲ +1.5 pp |
| 2003 | -7.0% | HK$-371.92 Million | HK$5.30 Billion | HK$3.87 Billion | HK$4.24 Billion | ▼ -8.0 pp |
| 2002 | 1.0% | HK$41.73 Million | HK$4.32 Billion | HK$3.04 Billion | HK$3.00 Billion | ▼ -33.1 pp |
| 2001 | 34.1% | HK$1.33 Billion | HK$3.91 Billion | HK$3.20 Billion | HK$1.87 Billion | ▼ -15.5 pp |
| 2000 | 49.5% | HK$1.70 Billion | HK$3.44 Billion | HK$3.16 Billion | HK$1.46 Billion | ▲ +28.7 pp |
| 1999 | 20.8% | HK$357.95 Million | HK$1.72 Billion | HK$1.60 Billion | HK$1.24 Billion | ▲ +27.8 pp |
| 1998 | -7.0% | HK$-103.88 Million | HK$1.48 Billion | HK$799.47 Million | HK$903.34 Million | ▼ -43.7 pp |
| 1997 | 36.7% | HK$484.13 Million | HK$1.32 Billion | HK$897.54 Million | HK$413.41 Million | ▲ +1.6 pp |
| 1996 | 35.2% | HK$116.86 Million | HK$332.42 Million | HK$441.45 Million | HK$324.58 Million | ▲ +13.7 pp |
| 1995 | 21.5% | HK$43.39 Million | HK$202.18 Million | HK$204.96 Million | HK$161.57 Million | ▲ +0.8 pp |
| 1994 | 20.6% | HK$35.67 Million | HK$173.01 Million | HK$91.51 Million | HK$55.84 Million | — |