China Merchants Securities Co Ltd (600999) — Working Capital to Net Assets Ratio
China Merchants Securities Co Ltd (600999) has a Working Capital to Net Assets ratio of 47.3% as of June 2025. Working capital of CN¥62.14 Billion (current assets of CN¥263.17 Billion minus current liabilities of CN¥201.03 Billion) is measured against net assets of CN¥131.47 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 600999 net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Merchants Securities Co Ltd Working Capital to Net Assets (2004–2024)
This chart shows how China Merchants Securities Co Ltd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of June 2025, the ratio stands at 47.3%, reflecting working capital of CN¥62.14 Billion against net assets of CN¥131.47 Billion CNY. Check 600999 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for China Merchants Securities Co Ltd (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Merchants Securities Co Ltd from 2004 to 2024, covering 21 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 market cap of China Merchants Securities Co Ltd.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 43.5% | CN¥56.64 Billion | CN¥130.25 Billion | CN¥286.92 Billion | CN¥230.28 Billion | ▲ +7.0 pp |
| 2023 | 36.5% | CN¥44.52 Billion | CN¥122.04 Billion | CN¥244.99 Billion | CN¥200.47 Billion | ▼ -9.2 pp |
| 2022 | 45.7% | CN¥52.67 Billion | CN¥115.26 Billion | CN¥231.90 Billion | CN¥179.23 Billion | ▼ -20.8 pp |
| 2021 | 66.5% | CN¥74.87 Billion | CN¥112.59 Billion | CN¥226.70 Billion | CN¥151.83 Billion | ▼ -12.0 pp |
| 2020 | 78.5% | CN¥83.05 Billion | CN¥105.82 Billion | CN¥197.19 Billion | CN¥114.15 Billion | ▲ +9.8 pp |
| 2019 | 68.6% | CN¥58.43 Billion | CN¥85.13 Billion | CN¥135.17 Billion | CN¥76.74 Billion | ▲ +12.1 pp |
| 2018 | 56.6% | CN¥45.67 Billion | CN¥80.72 Billion | CN¥106.35 Billion | CN¥60.68 Billion | ▼ -30.6 pp |
| 2017 | 87.1% | CN¥69.12 Billion | CN¥79.33 Billion | CN¥129.84 Billion | CN¥60.72 Billion | ▼ -20.5 pp |
| 2016 | 107.6% | CN¥64.47 Billion | CN¥59.92 Billion | CN¥136.35 Billion | CN¥71.89 Billion | ▼ -61.1 pp |
| 2015 | 168.7% | CN¥81.69 Billion | CN¥48.43 Billion | CN¥170.24 Billion | CN¥88.55 Billion | ▼ -0.8 pp |
| 2014 | 169.5% | CN¥70.50 Billion | CN¥41.60 Billion | CN¥128.36 Billion | CN¥57.87 Billion | ▲ +76.9 pp |
| 2013 | 92.6% | CN¥25.17 Billion | CN¥27.18 Billion | CN¥52.51 Billion | CN¥27.34 Billion | ▲ +54.9 pp |
| 2012 | 37.7% | CN¥9.71 Billion | CN¥25.77 Billion | CN¥40.21 Billion | CN¥30.50 Billion | ▲ +21.0 pp |
| 2011 | 16.7% | CN¥4.12 Billion | CN¥24.67 Billion | CN¥36.38 Billion | CN¥32.26 Billion | ▼ -1.3 pp |
| 2010 | 18.0% | CN¥4.32 Billion | CN¥23.98 Billion | CN¥63.41 Billion | CN¥59.09 Billion | ▼ -23.2 pp |
| 2009 | 41.2% | CN¥9.32 Billion | CN¥22.62 Billion | CN¥70.68 Billion | CN¥61.36 Billion | ▼ -16.7 pp |
| 2008 | 57.9% | CN¥4.71 Billion | CN¥8.14 Billion | CN¥35.44 Billion | CN¥30.73 Billion | ▼ -23.2 pp |
| 2007 | 81.1% | CN¥6.14 Billion | CN¥7.58 Billion | CN¥77.19 Billion | CN¥71.05 Billion | ▲ +34.4 pp |
| 2006 | 46.7% | CN¥1.94 Billion | CN¥4.17 Billion | CN¥17.25 Billion | CN¥15.31 Billion | ▲ +26.2 pp |
| 2005 | 20.5% | CN¥353.44 Million | CN¥1.73 Billion | CN¥5.58 Billion | CN¥5.23 Billion | ▲ +15.2 pp |
| 2004 | 5.3% | CN¥89.59 Million | CN¥1.70 Billion | CN¥3.47 Billion | CN¥3.38 Billion | — |