Sanhe Tongfei Refrigeration Co. Ltd. (300990) — Working Capital to Net Assets Ratio
Sanhe Tongfei Refrigeration Co. Ltd. (300990) has a Working Capital to Net Assets ratio of 61.9% as of September 2025. Working capital of CN¥1.25 Billion (current assets of CN¥1.91 Billion minus current liabilities of CN¥650.81 Million) is measured against net assets of CN¥2.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Sanhe Tongfei Refrigeration Co. Ltd. to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sanhe Tongfei Refrigeration Co. Ltd. Working Capital to Net Assets (2017–2024)
This chart shows how Sanhe Tongfei Refrigeration Co. Ltd.'s Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 61.9%, reflecting working capital of CN¥1.25 Billion against net assets of CN¥2.03 Billion CNY. See 300990 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Sanhe Tongfei Refrigeration Co. Ltd. (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sanhe Tongfei Refrigeration Co. Ltd. from 2017 to 2024, covering 8 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 Sanhe Tongfei Refrigeration Co. Ltd. market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 58.7% | CN¥1.11 Billion | CN¥1.89 Billion | CN¥1.69 Billion | CN¥583.02 Million | ▲ +0.2 pp |
| 2023 | 58.5% | CN¥1.03 Billion | CN¥1.76 Billion | CN¥1.40 Billion | CN¥371.95 Million | ▼ -6.8 pp |
| 2022 | 65.3% | CN¥1.07 Billion | CN¥1.63 Billion | CN¥1.27 Billion | CN¥201.93 Million | ▼ -12.9 pp |
| 2021 | 78.2% | CN¥1.21 Billion | CN¥1.55 Billion | CN¥1.33 Billion | CN¥119.63 Million | ▲ +12.1 pp |
| 2020 | 66.1% | CN¥310.71 Million | CN¥470.16 Million | CN¥384.31 Million | CN¥73.59 Million | ▼ -5.7 pp |
| 2019 | 71.8% | CN¥247.83 Million | CN¥345.34 Million | CN¥294.91 Million | CN¥47.08 Million | ▼ -8.3 pp |
| 2018 | 80.0% | CN¥232.78 Million | CN¥290.81 Million | CN¥265.79 Million | CN¥33.01 Million | ▲ +6.9 pp |
| 2017 | 73.1% | CN¥170.13 Million | CN¥232.58 Million | CN¥200.31 Million | CN¥30.18 Million | — |