Xining Special Steel Co Ltd (600117) — Working Capital to Net Assets Ratio
Xining Special Steel Co Ltd (600117) has a Working Capital to Net Assets ratio of -50.4% as of March 2026. Working capital of CN¥-2.58 Billion (current assets of CN¥2.60 Billion minus current liabilities of CN¥5.18 Billion) is measured against net assets of CN¥5.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Xining Special Steel Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Xining Special Steel Co Ltd Working Capital to Net Assets (1994–2025)
This chart shows how Xining Special Steel Co Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at -50.4%, reflecting working capital of CN¥-2.58 Billion against net assets of CN¥5.12 Billion CNY. For the complete balance sheet picture, see 600117 total assets.
Annual Working Capital to Net Assets for Xining Special Steel Co Ltd (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Xining Special Steel Co Ltd from 1994 to 2025, covering 32 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 600117 asset liquidity 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 | -43.1% | CN¥-2.33 Billion | CN¥5.42 Billion | CN¥2.32 Billion | CN¥4.65 Billion | ▼ -25.3 pp |
| 2024 | -17.8% | CN¥-1.16 Billion | CN¥6.53 Billion | CN¥2.46 Billion | CN¥3.62 Billion | ▼ -18.2 pp |
| 2023 | 0.4% | CN¥28.44 Million | CN¥7.69 Billion | CN¥3.29 Billion | CN¥3.26 Billion | ▲ +1468.5 pp |
| 2022 | -1468.1% | CN¥-8.26 Billion | CN¥562.58 Million | CN¥6.35 Billion | CN¥14.61 Billion | ▼ -1183.1 pp |
| 2021 | -285.0% | CN¥-6.23 Billion | CN¥2.19 Billion | CN¥7.55 Billion | CN¥13.78 Billion | ▼ -151.5 pp |
| 2020 | -133.5% | CN¥-6.61 Billion | CN¥4.95 Billion | CN¥6.84 Billion | CN¥13.45 Billion | ▼ -65.3 pp |
| 2019 | -68.2% | CN¥-3.34 Billion | CN¥4.89 Billion | CN¥7.06 Billion | CN¥10.40 Billion | ▲ +485.4 pp |
| 2018 | -553.6% | CN¥-9.21 Billion | CN¥1.66 Billion | CN¥6.97 Billion | CN¥16.18 Billion | ▼ -325.9 pp |
| 2017 | -227.7% | CN¥-8.44 Billion | CN¥3.71 Billion | CN¥6.80 Billion | CN¥15.24 Billion | ▲ +93.6 pp |
| 2016 | -321.3% | CN¥-11.54 Billion | CN¥3.59 Billion | CN¥7.36 Billion | CN¥18.91 Billion | ▲ +369.8 pp |
| 2015 | -691.1% | CN¥-12.57 Billion | CN¥1.82 Billion | CN¥6.49 Billion | CN¥19.06 Billion | ▼ -429.0 pp |
| 2014 | -262.1% | CN¥-9.17 Billion | CN¥3.50 Billion | CN¥5.50 Billion | CN¥14.67 Billion | ▼ -34.6 pp |
| 2013 | -227.5% | CN¥-8.16 Billion | CN¥3.59 Billion | CN¥3.94 Billion | CN¥12.10 Billion | ▼ -60.4 pp |
| 2012 | -167.1% | CN¥-6.10 Billion | CN¥3.65 Billion | CN¥2.26 Billion | CN¥8.37 Billion | ▼ -45.1 pp |
| 2011 | -122.0% | CN¥-4.37 Billion | CN¥3.58 Billion | CN¥3.09 Billion | CN¥7.46 Billion | ▲ +0.6 pp |
| 2010 | -122.6% | CN¥-3.81 Billion | CN¥3.11 Billion | CN¥3.43 Billion | CN¥7.24 Billion | ▼ -22.0 pp |
| 2009 | -100.5% | CN¥-2.94 Billion | CN¥2.92 Billion | CN¥2.95 Billion | CN¥5.89 Billion | ▼ -7.0 pp |
| 2008 | -93.5% | CN¥-2.82 Billion | CN¥3.01 Billion | CN¥3.34 Billion | CN¥6.15 Billion | ▼ -27.7 pp |
| 2007 | -65.9% | CN¥-1.91 Billion | CN¥2.90 Billion | CN¥3.38 Billion | CN¥5.29 Billion | ▲ +31.6 pp |
| 2006 | -97.5% | CN¥-2.15 Billion | CN¥2.21 Billion | CN¥1.66 Billion | CN¥3.82 Billion | ▼ -41.3 pp |
| 2005 | -56.2% | CN¥-1.20 Billion | CN¥2.14 Billion | CN¥1.61 Billion | CN¥2.81 Billion | ▼ -64.5 pp |
| 2004 | 8.3% | CN¥163.80 Million | CN¥1.96 Billion | CN¥2.29 Billion | CN¥2.12 Billion | ▼ -34.5 pp |
| 2003 | 42.9% | CN¥557.75 Million | CN¥1.30 Billion | CN¥1.95 Billion | CN¥1.40 Billion | ▲ +42.8 pp |
| 2002 | 0.1% | CN¥786.00K | CN¥1.21 Billion | CN¥1.71 Billion | CN¥1.71 Billion | ▼ -34.7 pp |
| 2001 | 34.8% | CN¥486.89 Million | CN¥1.40 Billion | CN¥1.61 Billion | CN¥1.12 Billion | ▼ -13.9 pp |
| 2000 | 48.7% | CN¥661.72 Million | CN¥1.36 Billion | CN¥1.72 Billion | CN¥1.06 Billion | ▼ -13.6 pp |
| 1999 | 62.3% | CN¥655.25 Million | CN¥1.05 Billion | CN¥1.48 Billion | CN¥829.35 Million | ▲ +10.2 pp |
| 1998 | 52.0% | CN¥500.10 Million | CN¥961.30 Million | CN¥1.45 Billion | CN¥952.15 Million | ▼ -15.6 pp |
| 1997 | 67.6% | CN¥580.83 Million | CN¥858.95 Million | CN¥1.38 Billion | CN¥797.49 Million | ▲ +19.0 pp |
| 1996 | 48.6% | CN¥157.18 Million | CN¥323.25 Million | CN¥893.29 Million | CN¥736.11 Million | ▲ +14.8 pp |
| 1995 | 33.8% | CN¥88.59 Million | CN¥261.80 Million | CN¥832.63 Million | CN¥744.04 Million | ▼ -3.3 pp |
| 1994 | 37.1% | CN¥77.26 Million | CN¥208.16 Million | CN¥771.44 Million | CN¥694.18 Million | — |