China Petroleum & Chemical Corp Class A (600028) — Working Capital to Net Assets Ratio
China Petroleum & Chemical Corp Class A (600028) has a Working Capital to Net Assets ratio of -17.8% as of December 2025. Working capital of CN¥-175.81 Billion (current assets of CN¥522.74 Billion minus current liabilities of CN¥698.55 Billion) is measured against net assets of CN¥989.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See China Petroleum & Chemical Corp Class A defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Petroleum & Chemical Corp Class A Working Capital to Net Assets (2000–2025)
This chart shows how China Petroleum & Chemical Corp Class A's Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at -17.8%, reflecting working capital of CN¥-175.81 Billion against net assets of CN¥989.77 Billion CNY. For the complete balance sheet picture, see how large is China Petroleum & Chemical Corp Class A's balance sheet.
Annual Working Capital to Net Assets for China Petroleum & Chemical Corp Class A (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Petroleum & Chemical Corp Class A 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 China Petroleum & Chemical Corp Class A liquidity resilience 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 | -17.8% | CN¥-175.81 Billion | CN¥989.77 Billion | CN¥522.74 Billion | CN¥698.55 Billion | ▼ -2.5 pp |
| 2024 | -15.3% | CN¥-148.72 Billion | CN¥972.15 Billion | CN¥524.51 Billion | CN¥673.24 Billion | ▼ -3.5 pp |
| 2023 | -11.8% | CN¥-112.64 Billion | CN¥955.81 Billion | CN¥534.43 Billion | CN¥647.08 Billion | ▲ +3.6 pp |
| 2022 | -15.4% | CN¥-144.25 Billion | CN¥939.54 Billion | CN¥523.14 Billion | CN¥667.38 Billion | ▼ -6.3 pp |
| 2021 | -9.1% | CN¥-83.26 Billion | CN¥915.07 Billion | CN¥558.02 Billion | CN¥641.28 Billion | ▼ -1.5 pp |
| 2020 | -7.6% | CN¥-67.33 Billion | CN¥887.70 Billion | CN¥455.66 Billion | CN¥523.00 Billion | ▲ +7.5 pp |
| 2019 | -15.1% | CN¥-132.67 Billion | CN¥877.30 Billion | CN¥447.31 Billion | CN¥579.98 Billion | ▼ -8.0 pp |
| 2018 | -7.1% | CN¥-60.98 Billion | CN¥856.53 Billion | CN¥504.12 Billion | CN¥565.10 Billion | ▼ -1.2 pp |
| 2017 | -5.9% | CN¥-50.40 Billion | CN¥852.89 Billion | CN¥529.05 Billion | CN¥579.45 Billion | ▲ +2.9 pp |
| 2016 | -8.8% | CN¥-73.28 Billion | CN¥831.24 Billion | CN¥412.26 Billion | CN¥485.54 Billion | ▲ +7.6 pp |
| 2015 | -16.4% | CN¥-129.18 Billion | CN¥788.16 Billion | CN¥333.66 Billion | CN¥462.83 Billion | ▲ +21.4 pp |
| 2014 | -37.8% | CN¥-244.11 Billion | CN¥645.58 Billion | CN¥360.14 Billion | CN¥604.26 Billion | ▼ -5.8 pp |
| 2013 | -32.0% | CN¥-198.81 Billion | CN¥621.63 Billion | CN¥373.01 Billion | CN¥571.82 Billion | ▼ -4.9 pp |
| 2012 | -27.1% | CN¥-148.36 Billion | CN¥548.04 Billion | CN¥365.01 Billion | CN¥513.37 Billion | ▼ -7.1 pp |
| 2011 | -20.0% | CN¥-101.48 Billion | CN¥507.34 Billion | CN¥342.75 Billion | CN¥444.24 Billion | ▼ -3.1 pp |
| 2010 | -16.9% | CN¥-76.18 Billion | CN¥451.04 Billion | CN¥260.23 Billion | CN¥336.41 Billion | ▲ +11.4 pp |
| 2009 | -28.3% | CN¥-114.44 Billion | CN¥404.82 Billion | CN¥201.48 Billion | CN¥315.92 Billion | ▲ +6.5 pp |
| 2008 | -34.8% | CN¥-121.26 Billion | CN¥348.54 Billion | CN¥165.40 Billion | CN¥286.66 Billion | ▼ -10.2 pp |
| 2007 | -24.6% | CN¥-80.22 Billion | CN¥326.35 Billion | CN¥181.53 Billion | CN¥261.76 Billion | ▲ +0.1 pp |
| 2006 | -24.7% | CN¥-69.68 Billion | CN¥281.80 Billion | CN¥143.10 Billion | CN¥212.78 Billion | ▼ -14.2 pp |
| 2005 | -10.6% | CN¥-25.90 Billion | CN¥245.01 Billion | CN¥141.90 Billion | CN¥167.79 Billion | ▲ +1.8 pp |
| 2004 | -12.3% | CN¥-26.85 Billion | CN¥217.57 Billion | CN¥117.06 Billion | CN¥143.91 Billion | ▲ +0.3 pp |
| 2003 | -12.6% | CN¥-23.87 Billion | CN¥189.02 Billion | CN¥96.92 Billion | CN¥120.79 Billion | ▼ -3.0 pp |
| 2002 | -9.6% | CN¥-16.91 Billion | CN¥175.83 Billion | CN¥99.01 Billion | CN¥115.92 Billion | ▲ +4.3 pp |
| 2001 | -13.9% | CN¥-22.60 Billion | CN¥162.45 Billion | CN¥106.77 Billion | CN¥129.36 Billion | ▼ -16.3 pp |
| 2000 | 2.4% | CN¥3.47 Billion | CN¥144.09 Billion | CN¥131.62 Billion | CN¥128.15 Billion | — |