Tsingtao Brewery Co Ltd (600600) — Working Capital to Net Assets Ratio
Tsingtao Brewery Co Ltd (600600) has a Working Capital to Net Assets ratio of 27.6% as of September 2025. Working capital of CN¥8.89 Billion (current assets of CN¥24.05 Billion minus current liabilities of CN¥15.16 Billion) is measured against net assets of CN¥32.20 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Tsingtao Brewery 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
Tsingtao Brewery Co Ltd Working Capital to Net Assets (1990–2024)
This chart shows how Tsingtao Brewery Co Ltd's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1990 to 2024. As of September 2025, the ratio stands at 27.6%, reflecting working capital of CN¥8.89 Billion against net assets of CN¥32.20 Billion CNY. See 600600 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tsingtao Brewery Co Ltd (1990–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tsingtao Brewery Co Ltd from 1990 to 2024, covering 35 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 600600 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 25.7% | CN¥7.67 Billion | CN¥29.86 Billion | CN¥25.19 Billion | CN¥17.52 Billion | ▼ -19.2 pp |
| 2023 | 44.9% | CN¥12.69 Billion | CN¥28.25 Billion | CN¥29.61 Billion | CN¥16.92 Billion | ▼ -2.0 pp |
| 2022 | 46.9% | CN¥12.33 Billion | CN¥26.27 Billion | CN¥32.00 Billion | CN¥19.67 Billion | ▲ +2.0 pp |
| 2021 | 45.0% | CN¥10.70 Billion | CN¥23.79 Billion | CN¥28.96 Billion | CN¥18.26 Billion | ▲ +2.3 pp |
| 2020 | 42.7% | CN¥9.12 Billion | CN¥21.37 Billion | CN¥24.63 Billion | CN¥15.51 Billion | ▲ +4.3 pp |
| 2019 | 38.4% | CN¥7.65 Billion | CN¥19.91 Billion | CN¥21.00 Billion | CN¥13.35 Billion | ▲ +8.1 pp |
| 2018 | 30.4% | CN¥5.67 Billion | CN¥18.69 Billion | CN¥17.76 Billion | CN¥12.09 Billion | ▲ +10.0 pp |
| 2017 | 20.4% | CN¥3.62 Billion | CN¥17.77 Billion | CN¥14.07 Billion | CN¥10.45 Billion | ▲ +6.6 pp |
| 2016 | 13.8% | CN¥2.32 Billion | CN¥16.88 Billion | CN¥12.61 Billion | CN¥10.28 Billion | ▲ +0.6 pp |
| 2015 | 13.2% | CN¥2.13 Billion | CN¥16.17 Billion | CN¥11.89 Billion | CN¥9.75 Billion | ▲ +5.9 pp |
| 2014 | 7.4% | CN¥1.12 Billion | CN¥15.29 Billion | CN¥10.35 Billion | CN¥9.23 Billion | ▼ -1.0 pp |
| 2013 | 8.4% | CN¥1.16 Billion | CN¥13.87 Billion | CN¥12.27 Billion | CN¥11.11 Billion | ▼ -13.6 pp |
| 2012 | 22.0% | CN¥2.81 Billion | CN¥12.78 Billion | CN¥10.14 Billion | CN¥7.34 Billion | ▲ +0.4 pp |
| 2011 | 21.5% | CN¥2.43 Billion | CN¥11.28 Billion | CN¥9.58 Billion | CN¥7.16 Billion | ▼ -18.4 pp |
| 2010 | 39.9% | CN¥3.88 Billion | CN¥9.72 Billion | CN¥9.89 Billion | CN¥6.02 Billion | ▲ +7.6 pp |
| 2009 | 32.3% | CN¥2.77 Billion | CN¥8.56 Billion | CN¥7.61 Billion | CN¥4.84 Billion | ▲ +17.6 pp |
| 2008 | 14.8% | CN¥947.95 Million | CN¥6.42 Billion | CN¥5.66 Billion | CN¥4.71 Billion | ▲ +24.7 pp |
| 2007 | -10.0% | CN¥-595.92 Million | CN¥5.99 Billion | CN¥4.73 Billion | CN¥5.33 Billion | ▼ -6.8 pp |
| 2006 | -3.2% | CN¥-184.33 Million | CN¥5.76 Billion | CN¥3.45 Billion | CN¥3.63 Billion | ▲ +8.7 pp |
| 2005 | -11.9% | CN¥-660.51 Million | CN¥5.57 Billion | CN¥3.19 Billion | CN¥3.85 Billion | ▲ +7.4 pp |
| 2004 | -19.2% | CN¥-803.30 Million | CN¥4.18 Billion | CN¥3.47 Billion | CN¥4.27 Billion | ▼ -1.4 pp |
| 2003 | -17.8% | CN¥-742.43 Million | CN¥4.17 Billion | CN¥2.98 Billion | CN¥3.72 Billion | ▲ +48.8 pp |
| 2002 | -66.6% | CN¥-2.41 Billion | CN¥3.62 Billion | CN¥2.81 Billion | CN¥5.23 Billion | ▼ -7.9 pp |
| 2001 | -58.7% | CN¥-2.14 Billion | CN¥3.64 Billion | CN¥2.20 Billion | CN¥4.34 Billion | ▼ -14.2 pp |
| 2000 | -44.5% | CN¥-1.23 Billion | CN¥2.76 Billion | CN¥2.23 Billion | CN¥3.46 Billion | ▼ -15.9 pp |
| 1999 | -28.6% | CN¥-722.31 Million | CN¥2.53 Billion | CN¥1.67 Billion | CN¥2.39 Billion | ▼ -43.3 pp |
| 1998 | 14.8% | CN¥343.06 Million | CN¥2.32 Billion | CN¥1.72 Billion | CN¥1.38 Billion | ▼ -1.3 pp |
| 1997 | 16.1% | CN¥363.20 Million | CN¥2.26 Billion | CN¥1.82 Billion | CN¥1.46 Billion | ▼ -11.7 pp |
| 1996 | 27.8% | CN¥598.50 Million | CN¥2.15 Billion | CN¥1.49 Billion | CN¥893.87 Million | ▼ -13.4 pp |
| 1995 | 41.1% | CN¥832.88 Million | CN¥2.02 Billion | CN¥1.50 Billion | CN¥666.33 Million | ▼ -1.5 pp |
| 1994 | 42.6% | CN¥833.22 Million | CN¥1.96 Billion | CN¥1.36 Billion | CN¥527.99 Million | ▼ -1.8 pp |
| 1993 | 44.4% | CN¥829.22 Million | CN¥1.87 Billion | CN¥1.44 Billion | CN¥605.98 Million | ▲ +37.8 pp |
| 1992 | 6.6% | CN¥17.49 Million | CN¥263.33 Million | CN¥429.93 Million | CN¥412.44 Million | ▼ -30.6 pp |
| 1991 | 37.3% | CN¥77.59 Million | CN¥208.09 Million | CN¥407.45 Million | CN¥329.86 Million | ▲ +4.6 pp |
| 1990 | 32.7% | CN¥66.32 Million | CN¥202.73 Million | CN¥287.12 Million | CN¥220.80 Million | — |