Guizhou Gas Group Corporation Ltd Class A (600903) — Working Capital to Net Assets Ratio
Guizhou Gas Group Corporation Ltd Class A (600903) has a Working Capital to Net Assets ratio of -22.8% as of March 2026. Working capital of CN¥-964.74 Million (current assets of CN¥2.62 Billion minus current liabilities of CN¥3.58 Billion) is measured against net assets of CN¥4.22 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 600903 days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guizhou Gas Group Corporation Ltd Class A Working Capital to Net Assets (2009–2025)
This chart shows how Guizhou Gas Group Corporation Ltd Class A's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at -22.8%, reflecting working capital of CN¥-964.74 Million against net assets of CN¥4.22 Billion CNY. For the complete balance sheet picture, see Guizhou Gas Group Corporation Ltd Class asset portfolio.
Annual Working Capital to Net Assets for Guizhou Gas Group Corporation Ltd Class A (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guizhou Gas Group Corporation Ltd Class A from 2009 to 2025, covering 17 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 Guizhou Gas Group Corporation Ltd Class (600903) asset 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 | -31.7% | CN¥-1.30 Billion | CN¥4.09 Billion | CN¥2.46 Billion | CN¥3.76 Billion | ▼ -10.5 pp |
| 2024 | -21.2% | CN¥-864.68 Million | CN¥4.07 Billion | CN¥2.37 Billion | CN¥3.24 Billion | ▲ +25.2 pp |
| 2023 | -46.4% | CN¥-1.87 Billion | CN¥4.04 Billion | CN¥2.43 Billion | CN¥4.30 Billion | ▲ +7.9 pp |
| 2022 | -54.3% | CN¥-2.01 Billion | CN¥3.70 Billion | CN¥2.78 Billion | CN¥4.79 Billion | ▼ -17.1 pp |
| 2021 | -37.2% | CN¥-1.40 Billion | CN¥3.77 Billion | CN¥3.19 Billion | CN¥4.59 Billion | ▲ +28.6 pp |
| 2020 | -65.7% | CN¥-2.22 Billion | CN¥3.38 Billion | CN¥2.24 Billion | CN¥4.46 Billion | ▼ -0.3 pp |
| 2019 | -65.4% | CN¥-2.13 Billion | CN¥3.26 Billion | CN¥2.27 Billion | CN¥4.40 Billion | ▲ +11.0 pp |
| 2018 | -76.4% | CN¥-2.15 Billion | CN¥2.81 Billion | CN¥1.99 Billion | CN¥4.13 Billion | ▼ -26.0 pp |
| 2017 | -50.4% | CN¥-1.43 Billion | CN¥2.84 Billion | CN¥1.71 Billion | CN¥3.15 Billion | ▲ +13.1 pp |
| 2016 | -63.4% | CN¥-1.70 Billion | CN¥2.68 Billion | CN¥1.50 Billion | CN¥3.20 Billion | ▲ +52.2 pp |
| 2015 | -115.6% | CN¥-1.70 Billion | CN¥1.47 Billion | CN¥1.72 Billion | CN¥3.41 Billion | ▼ -4.2 pp |
| 2014 | -111.4% | CN¥-807.87 Million | CN¥725.37 Million | CN¥1.63 Billion | CN¥2.44 Billion | ▼ -38.3 pp |
| 2013 | -73.1% | CN¥-437.89 Million | CN¥599.12 Million | CN¥1.44 Billion | CN¥1.88 Billion | ▼ -86.0 pp |
| 2012 | 12.9% | CN¥72.83 Million | CN¥562.58 Million | CN¥1.10 Billion | CN¥1.02 Billion | ▼ -5.9 pp |
| 2011 | 18.8% | CN¥92.47 Million | CN¥491.32 Million | CN¥745.50 Million | CN¥653.03 Million | ▲ +15.5 pp |
| 2010 | 3.3% | CN¥14.27 Million | CN¥426.16 Million | CN¥588.01 Million | CN¥573.75 Million | ▲ +24.2 pp |
| 2009 | -20.8% | CN¥-73.29 Million | CN¥352.12 Million | CN¥454.82 Million | CN¥528.11 Million | — |