Guangzhou Baiyun International Airport Co Ltd (600004) — Working Capital to Net Assets Ratio
Guangzhou Baiyun International Airport Co Ltd (600004) has a Working Capital to Net Assets ratio of 14.5% as of June 2026. Working capital of CN¥3.05 Billion (current assets of CN¥10.77 Billion minus current liabilities of CN¥7.72 Billion) is measured against net assets of CN¥21.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Guangzhou Baiyun International Airport C (600004) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guangzhou Baiyun International Airport Co Ltd Working Capital to Net Assets (2000–2025)
This chart shows how Guangzhou Baiyun International Airport Co Ltd's Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of June 2026, the ratio stands at 14.5%, reflecting working capital of CN¥3.05 Billion against net assets of CN¥21.01 Billion CNY. For the complete balance sheet picture, see Guangzhou Baiyun International Airport C asset portfolio.
Annual Working Capital to Net Assets for Guangzhou Baiyun International Airport Co Ltd (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guangzhou Baiyun International Airport Co Ltd from 2000 to 2025, covering 26 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 600004 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 14.5% | CN¥3.08 Billion | CN¥21.31 Billion | CN¥9.62 Billion | CN¥6.53 Billion | ▲ +15.0 pp |
| 2024 | -0.6% | CN¥-104.66 Million | CN¥18.59 Billion | CN¥6.09 Billion | CN¥6.19 Billion | ▲ +10.0 pp |
| 2023 | -10.5% | CN¥-1.88 Billion | CN¥17.81 Billion | CN¥4.03 Billion | CN¥5.90 Billion | ▲ +9.2 pp |
| 2022 | -19.7% | CN¥-3.43 Billion | CN¥17.41 Billion | CN¥3.48 Billion | CN¥6.92 Billion | ▼ -5.2 pp |
| 2021 | -14.5% | CN¥-2.70 Billion | CN¥18.60 Billion | CN¥3.36 Billion | CN¥6.06 Billion | ▼ -2.7 pp |
| 2020 | -11.9% | CN¥-2.31 Billion | CN¥19.46 Billion | CN¥3.91 Billion | CN¥6.22 Billion | ▲ +15.5 pp |
| 2019 | -27.4% | CN¥-4.51 Billion | CN¥16.47 Billion | CN¥2.53 Billion | CN¥7.04 Billion | ▲ +10.6 pp |
| 2018 | -38.0% | CN¥-5.98 Billion | CN¥15.74 Billion | CN¥3.79 Billion | CN¥9.77 Billion | ▼ -29.6 pp |
| 2017 | -8.4% | CN¥-1.27 Billion | CN¥15.10 Billion | CN¥4.11 Billion | CN¥5.38 Billion | ▼ -3.7 pp |
| 2016 | -4.7% | CN¥-514.54 Million | CN¥10.87 Billion | CN¥2.09 Billion | CN¥2.61 Billion | ▼ -3.1 pp |
| 2015 | -1.6% | CN¥-155.65 Million | CN¥9.77 Billion | CN¥2.21 Billion | CN¥2.37 Billion | ▼ -24.2 pp |
| 2014 | 22.6% | CN¥2.00 Billion | CN¥8.86 Billion | CN¥4.01 Billion | CN¥2.01 Billion | ▲ +13.3 pp |
| 2013 | 9.3% | CN¥745.69 Million | CN¥8.03 Billion | CN¥2.48 Billion | CN¥1.73 Billion | ▲ +15.8 pp |
| 2012 | -6.5% | CN¥-485.91 Million | CN¥7.47 Billion | CN¥1.96 Billion | CN¥2.45 Billion | ▲ +13.8 pp |
| 2011 | -20.3% | CN¥-1.44 Billion | CN¥7.09 Billion | CN¥1.79 Billion | CN¥3.23 Billion | ▲ +11.9 pp |
| 2010 | -32.2% | CN¥-2.18 Billion | CN¥6.76 Billion | CN¥1.99 Billion | CN¥4.17 Billion | ▲ +6.4 pp |
| 2009 | -38.6% | CN¥-2.47 Billion | CN¥6.39 Billion | CN¥2.21 Billion | CN¥4.68 Billion | ▼ -20.5 pp |
| 2008 | -18.1% | CN¥-1.09 Billion | CN¥6.03 Billion | CN¥1.62 Billion | CN¥2.72 Billion | ▲ +13.5 pp |
| 2007 | -31.6% | CN¥-1.81 Billion | CN¥5.74 Billion | CN¥1.32 Billion | CN¥3.14 Billion | ▲ +0.4 pp |
| 2006 | -32.0% | CN¥-1.39 Billion | CN¥4.36 Billion | CN¥1.43 Billion | CN¥2.82 Billion | ▼ -10.4 pp |
| 2005 | -21.6% | CN¥-898.99 Million | CN¥4.15 Billion | CN¥1.43 Billion | CN¥2.33 Billion | ▲ +26.2 pp |
| 2004 | -47.8% | CN¥-1.97 Billion | CN¥4.12 Billion | CN¥1.71 Billion | CN¥3.69 Billion | ▼ -73.2 pp |
| 2003 | 25.4% | CN¥986.26 Million | CN¥3.89 Billion | CN¥1.41 Billion | CN¥426.28 Million | ▼ -41.3 pp |
| 2002 | 66.7% | CN¥859.96 Million | CN¥1.29 Billion | CN¥1.24 Billion | CN¥378.76 Million | ▲ +5.8 pp |
| 2001 | 60.9% | CN¥688.40 Million | CN¥1.13 Billion | CN¥1.00 Billion | CN¥312.43 Million | ▲ +0.2 pp |
| 2000 | 60.7% | CN¥590.68 Million | CN¥972.49 Million | CN¥795.60 Million | CN¥204.93 Million | — |