XiAn Tian He Defense Technology Co Ltd Working Capital to Net Assets Ratio
XiAn Tian He Defense Technology Co Ltd working capital to net assets ratio. XiAn Tian He Defense Technology Co Ltd (300397) has a Working Capital to Net Assets ratio of -10.5% as of June 2026. Working capital of CN¥-141.26 Million (current assets of CN¥821.42 Million minus current liabilities of CN¥962.68 Million) is measured against net assets of CN¥1.35 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check 300397 goodwill-adjusted equity 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 XiAn Tian He Defense Technology Co Ltd (2009–2025)
Working capital to net assets ratio of XiAn Tian He Defense Technology Co Ltd from 2009 to 2025. This chart shows how XiAn Tian He Defense Technology Co Ltd's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of June 2026, the ratio stands at -10.5%, reflecting working capital of CN¥-141.26 Million against net assets of CN¥1.35 Billion CNY. See 300397 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
XiAn Tian He Defense Technology Co Ltd Working Capital to Net Assets Ratio by Year (2009–2025)
XiAn Tian He Defense Technology Co Ltd working capital to net assets ratio by year from 2009 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for XiAn Tian He Defense Technology 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 the complete balance sheet picture, see 300397 total asset value.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -7.4% | CN¥-100.81 Million | CN¥1.37 Billion | CN¥762.78 Million | CN¥863.59 Million | ▲ +1.4 pp |
| 2024 | -8.8% | CN¥-129.54 Million | CN¥1.48 Billion | CN¥658.71 Million | CN¥788.25 Million | ▼ -28.6 pp |
| 2023 | 19.8% | CN¥318.49 Million | CN¥1.61 Billion | CN¥864.63 Million | CN¥546.14 Million | ▼ -17.4 pp |
| 2022 | 37.1% | CN¥680.33 Million | CN¥1.83 Billion | CN¥1.09 Billion | CN¥409.79 Million | ▼ -4.4 pp |
| 2021 | 41.6% | CN¥824.73 Million | CN¥1.98 Billion | CN¥1.32 Billion | CN¥490.64 Million | ▲ +1.0 pp |
| 2020 | 40.6% | CN¥602.77 Million | CN¥1.48 Billion | CN¥971.63 Million | CN¥368.86 Million | ▲ +4.7 pp |
| 2019 | 36.0% | CN¥455.00 Million | CN¥1.26 Billion | CN¥956.00 Million | CN¥501.01 Million | ▼ -0.2 pp |
| 2018 | 36.1% | CN¥404.46 Million | CN¥1.12 Billion | CN¥652.10 Million | CN¥247.64 Million | ▼ -14.8 pp |
| 2017 | 50.9% | CN¥661.24 Million | CN¥1.30 Billion | CN¥931.75 Million | CN¥270.52 Million | ▼ -0.6 pp |
| 2016 | 51.5% | CN¥626.66 Million | CN¥1.22 Billion | CN¥1.04 Billion | CN¥409.69 Million | ▼ -12.1 pp |
| 2015 | 63.6% | CN¥792.40 Million | CN¥1.24 Billion | CN¥1.16 Billion | CN¥364.14 Million | ▼ -23.9 pp |
| 2014 | 87.6% | CN¥1.13 Billion | CN¥1.30 Billion | CN¥1.33 Billion | CN¥194.55 Million | ▲ +6.7 pp |
| 2013 | 80.8% | CN¥466.32 Million | CN¥576.91 Million | CN¥614.25 Million | CN¥147.92 Million | ▼ -8.8 pp |
| 2012 | 89.6% | CN¥476.53 Million | CN¥531.73 Million | CN¥576.00 Million | CN¥99.47 Million | ▲ +3.2 pp |
| 2011 | 86.4% | CN¥318.99 Million | CN¥369.03 Million | CN¥422.09 Million | CN¥103.10 Million | ▲ +11.4 pp |
| 2010 | 75.0% | CN¥176.49 Million | CN¥235.20 Million | CN¥311.57 Million | CN¥135.08 Million | ▲ +7.1 pp |
| 2009 | 67.9% | CN¥114.54 Million | CN¥168.57 Million | CN¥259.03 Million | CN¥144.49 Million | — |