Top Resource Conservation Engineering Co Ltd (300332) — Working Capital to Net Assets Ratio
Top Resource Conservation Engineering Co Ltd (300332) has a Working Capital to Net Assets ratio of -30.5% as of March 2026. Working capital of CN¥-1.28 Billion (current assets of CN¥1.85 Billion minus current liabilities of CN¥3.13 Billion) is measured against net assets of CN¥4.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Top Resource Conservation Engineering Co balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Top Resource Conservation Engineering Co Ltd Working Capital to Net Assets (2009–2025)
This chart shows how Top Resource Conservation Engineering Co Ltd's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at -30.5%, reflecting working capital of CN¥-1.28 Billion against net assets of CN¥4.19 Billion CNY. Check Top Resource Conservation Engineering Co tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Top Resource Conservation Engineering Co Ltd (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Top Resource Conservation Engineering Co Ltd from 2009 to 2025, 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 300332 market cap overview.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -33.0% | CN¥-1.38 Billion | CN¥4.17 Billion | CN¥1.98 Billion | CN¥3.36 Billion | ▼ -12.7 pp |
| 2024 | -20.3% | CN¥-901.65 Million | CN¥4.44 Billion | CN¥1.98 Billion | CN¥2.88 Billion | ▼ -6.8 pp |
| 2023 | -13.5% | CN¥-596.06 Million | CN¥4.42 Billion | CN¥2.91 Billion | CN¥3.51 Billion | ▲ +4.3 pp |
| 2022 | -17.8% | CN¥-741.09 Million | CN¥4.17 Billion | CN¥3.09 Billion | CN¥3.84 Billion | ▲ +4.4 pp |
| 2021 | -22.2% | CN¥-835.54 Million | CN¥3.77 Billion | CN¥2.49 Billion | CN¥3.33 Billion | ▼ -17.4 pp |
| 2020 | -4.8% | CN¥-175.37 Million | CN¥3.65 Billion | CN¥3.82 Billion | CN¥4.00 Billion | ▲ +43.4 pp |
| 2019 | -48.2% | CN¥-1.70 Billion | CN¥3.54 Billion | CN¥1.89 Billion | CN¥3.60 Billion | ▼ -8.4 pp |
| 2018 | -39.8% | CN¥-1.43 Billion | CN¥3.60 Billion | CN¥1.98 Billion | CN¥3.42 Billion | ▼ -19.2 pp |
| 2017 | -20.5% | CN¥-754.04 Million | CN¥3.67 Billion | CN¥2.35 Billion | CN¥3.10 Billion | ▲ +0.1 pp |
| 2016 | -20.7% | CN¥-737.80 Million | CN¥3.57 Billion | CN¥2.09 Billion | CN¥2.82 Billion | ▼ -3.1 pp |
| 2015 | -17.5% | CN¥-412.92 Million | CN¥2.36 Billion | CN¥651.79 Million | CN¥1.06 Billion | ▲ +2.2 pp |
| 2014 | -19.7% | CN¥-274.62 Million | CN¥1.39 Billion | CN¥553.13 Million | CN¥827.75 Million | ▼ -33.4 pp |
| 2013 | 13.7% | CN¥175.72 Million | CN¥1.28 Billion | CN¥468.86 Million | CN¥293.15 Million | ▼ -10.6 pp |
| 2012 | 24.3% | CN¥283.42 Million | CN¥1.17 Billion | CN¥570.89 Million | CN¥287.47 Million | ▲ +61.6 pp |
| 2011 | -37.3% | CN¥-173.52 Million | CN¥465.13 Million | CN¥143.05 Million | CN¥316.57 Million | ▼ -33.1 pp |
| 2010 | -4.2% | CN¥-17.39 Million | CN¥413.88 Million | CN¥136.40 Million | CN¥153.79 Million | ▼ -17.0 pp |
| 2009 | 12.8% | CN¥26.15 Million | CN¥204.71 Million | CN¥97.33 Million | CN¥71.18 Million | — |