Jiangxi Hongcheng Waterworks Co Ltd (600461) — Working Capital to Net Assets Ratio
Jiangxi Hongcheng Waterworks Co Ltd (600461) has a Working Capital to Net Assets ratio of -14.5% as of September 2025. Working capital of CN¥-1.59 Billion (current assets of CN¥6.83 Billion minus current liabilities of CN¥8.42 Billion) is measured against net assets of CN¥10.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Jiangxi Hongcheng Waterworks Co Ltd (600461) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Jiangxi Hongcheng Waterworks Co Ltd Working Capital to Net Assets (2001–2024)
This chart shows how Jiangxi Hongcheng Waterworks Co Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of September 2025, the ratio stands at -14.5%, reflecting working capital of CN¥-1.59 Billion against net assets of CN¥10.92 Billion CNY. For the complete balance sheet picture, see 600461 total asset value.
Annual Working Capital to Net Assets for Jiangxi Hongcheng Waterworks Co Ltd (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Jiangxi Hongcheng Waterworks Co Ltd from 2001 to 2024, covering 24 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 Jiangxi Hongcheng Waterworks Co Ltd asset resilience 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) |
|---|---|---|---|---|---|---|
| 2024 | -19.0% | CN¥-2.00 Billion | CN¥10.56 Billion | CN¥6.46 Billion | CN¥8.47 Billion | ▲ +15.7 pp |
| 2023 | -34.7% | CN¥-3.11 Billion | CN¥8.96 Billion | CN¥5.55 Billion | CN¥8.66 Billion | ▼ -3.4 pp |
| 2022 | -31.3% | CN¥-2.53 Billion | CN¥8.09 Billion | CN¥4.75 Billion | CN¥7.28 Billion | ▼ -6.8 pp |
| 2021 | -24.5% | CN¥-1.59 Billion | CN¥6.47 Billion | CN¥5.22 Billion | CN¥6.80 Billion | ▼ -16.1 pp |
| 2020 | -8.4% | CN¥-503.86 Million | CN¥5.99 Billion | CN¥5.78 Billion | CN¥6.28 Billion | ▲ +10.2 pp |
| 2019 | -18.6% | CN¥-959.84 Million | CN¥5.17 Billion | CN¥3.59 Billion | CN¥4.55 Billion | ▲ +28.0 pp |
| 2018 | -46.6% | CN¥-1.80 Billion | CN¥3.86 Billion | CN¥2.56 Billion | CN¥4.36 Billion | ▼ -12.7 pp |
| 2017 | -33.9% | CN¥-1.21 Billion | CN¥3.56 Billion | CN¥2.34 Billion | CN¥3.55 Billion | ▼ -5.5 pp |
| 2016 | -28.4% | CN¥-961.78 Million | CN¥3.39 Billion | CN¥1.96 Billion | CN¥2.92 Billion | ▼ -10.6 pp |
| 2015 | -17.7% | CN¥-370.67 Million | CN¥2.09 Billion | CN¥987.18 Million | CN¥1.36 Billion | ▲ +5.1 pp |
| 2014 | -22.8% | CN¥-436.17 Million | CN¥1.91 Billion | CN¥629.73 Million | CN¥1.07 Billion | ▼ -4.6 pp |
| 2013 | -18.2% | CN¥-327.60 Million | CN¥1.80 Billion | CN¥501.55 Million | CN¥829.15 Million | ▼ -3.6 pp |
| 2012 | -14.6% | CN¥-251.35 Million | CN¥1.72 Billion | CN¥385.13 Million | CN¥636.48 Million | ▲ +8.8 pp |
| 2011 | -23.4% | CN¥-392.41 Million | CN¥1.67 Billion | CN¥353.57 Million | CN¥745.98 Million | ▼ -2.0 pp |
| 2010 | -21.5% | CN¥-338.38 Million | CN¥1.58 Billion | CN¥362.12 Million | CN¥700.50 Million | ▼ -26.2 pp |
| 2009 | 4.7% | CN¥24.81 Million | CN¥529.61 Million | CN¥94.43 Million | CN¥69.62 Million | ▲ +7.5 pp |
| 2008 | -2.9% | CN¥-14.68 Million | CN¥514.71 Million | CN¥95.53 Million | CN¥110.20 Million | ▼ -14.5 pp |
| 2007 | 11.6% | CN¥57.14 Million | CN¥492.24 Million | CN¥151.85 Million | CN¥94.72 Million | ▲ +0.7 pp |
| 2006 | 10.9% | CN¥52.06 Million | CN¥476.49 Million | CN¥159.95 Million | CN¥107.89 Million | ▲ +4.4 pp |
| 2005 | 6.5% | CN¥29.44 Million | CN¥451.49 Million | CN¥172.26 Million | CN¥142.83 Million | ▼ -27.6 pp |
| 2004 | 34.1% | CN¥149.61 Million | CN¥438.20 Million | CN¥227.64 Million | CN¥78.02 Million | ▲ +23.5 pp |
| 2003 | 10.7% | CN¥18.17 Million | CN¥170.59 Million | CN¥39.37 Million | CN¥21.19 Million | ▲ +3.9 pp |
| 2002 | 6.8% | CN¥11.26 Million | CN¥166.07 Million | CN¥26.20 Million | CN¥14.93 Million | ▼ -12.4 pp |
| 2001 | 19.2% | CN¥30.52 Million | CN¥159.32 Million | CN¥46.94 Million | CN¥16.41 Million | — |