Air China Ltd Class A (601111) — Working Capital to Net Assets Ratio
Air China Ltd Class A (601111) has a Working Capital to Net Assets ratio of -218.4% as of March 2026. Working capital of CN¥-88.97 Billion (current assets of CN¥36.05 Billion minus current liabilities of CN¥125.03 Billion) is measured against net assets of CN¥40.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see balance sheet size of Air China Ltd Class A.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Air China Ltd Class A Working Capital to Net Assets (2002–2025)
This chart shows how Air China Ltd Class A's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at -218.4%, reflecting working capital of CN¥-88.97 Billion against net assets of CN¥40.73 Billion CNY. Explore 601111 capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for Air China Ltd Class A (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Air China Ltd Class A from 2002 to 2025, 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. Explore 601111 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -208.6% | CN¥-82.49 Billion | CN¥39.55 Billion | CN¥34.80 Billion | CN¥117.29 Billion | ▲ +28.1 pp |
| 2024 | -236.7% | CN¥-96.92 Billion | CN¥40.95 Billion | CN¥40.69 Billion | CN¥137.61 Billion | ▼ -15.7 pp |
| 2023 | -221.0% | CN¥-77.98 Billion | CN¥35.29 Billion | CN¥32.33 Billion | CN¥110.32 Billion | ▲ +104.8 pp |
| 2022 | -325.8% | CN¥-70.24 Billion | CN¥21.56 Billion | CN¥22.25 Billion | CN¥92.48 Billion | ▼ -233.1 pp |
| 2021 | -92.6% | CN¥-61.02 Billion | CN¥65.87 Billion | CN¥30.40 Billion | CN¥91.42 Billion | ▼ -20.3 pp |
| 2020 | -72.4% | CN¥-60.66 Billion | CN¥83.81 Billion | CN¥19.74 Billion | CN¥80.39 Billion | ▼ -20.3 pp |
| 2019 | -52.1% | CN¥-52.81 Billion | CN¥101.38 Billion | CN¥24.82 Billion | CN¥77.63 Billion | ▼ -3.9 pp |
| 2018 | -48.2% | CN¥-48.50 Billion | CN¥100.56 Billion | CN¥23.73 Billion | CN¥72.23 Billion | ▲ +5.5 pp |
| 2017 | -53.7% | CN¥-51.00 Billion | CN¥94.93 Billion | CN¥20.76 Billion | CN¥71.76 Billion | ▲ +4.5 pp |
| 2016 | -58.2% | CN¥-44.52 Billion | CN¥76.47 Billion | CN¥19.32 Billion | CN¥63.85 Billion | ▼ -12.1 pp |
| 2015 | -46.1% | CN¥-30.69 Billion | CN¥66.60 Billion | CN¥19.53 Billion | CN¥50.21 Billion | ▲ +21.2 pp |
| 2014 | -67.2% | CN¥-39.98 Billion | CN¥59.47 Billion | CN¥20.49 Billion | CN¥60.47 Billion | ▲ +9.1 pp |
| 2013 | -76.3% | CN¥-44.22 Billion | CN¥57.94 Billion | CN¥25.43 Billion | CN¥69.64 Billion | ▼ -10.9 pp |
| 2012 | -65.4% | CN¥-35.26 Billion | CN¥53.95 Billion | CN¥20.55 Billion | CN¥55.81 Billion | ▲ +8.2 pp |
| 2011 | -73.5% | CN¥-36.41 Billion | CN¥49.50 Billion | CN¥21.46 Billion | CN¥57.87 Billion | ▼ -2.5 pp |
| 2010 | -71.1% | CN¥-29.64 Billion | CN¥41.70 Billion | CN¥20.99 Billion | CN¥50.63 Billion | ▲ +50.8 pp |
| 2009 | -121.9% | CN¥-29.22 Billion | CN¥23.96 Billion | CN¥7.18 Billion | CN¥36.39 Billion | ▲ +43.0 pp |
| 2008 | -165.0% | CN¥-33.47 Billion | CN¥20.29 Billion | CN¥9.23 Billion | CN¥42.70 Billion | ▼ -109.6 pp |
| 2007 | -55.4% | CN¥-17.42 Billion | CN¥31.44 Billion | CN¥8.67 Billion | CN¥26.09 Billion | ▼ -12.2 pp |
| 2006 | -43.3% | CN¥-15.10 Billion | CN¥34.92 Billion | CN¥11.46 Billion | CN¥26.56 Billion | ▲ +28.4 pp |
| 2005 | -71.7% | CN¥-16.21 Billion | CN¥22.61 Billion | CN¥8.03 Billion | CN¥24.24 Billion | ▼ -24.9 pp |
| 2004 | -46.8% | CN¥-9.20 Billion | CN¥19.67 Billion | CN¥14.57 Billion | CN¥23.78 Billion | ▲ +171.7 pp |
| 2003 | -218.4% | CN¥-12.25 Billion | CN¥5.61 Billion | CN¥8.84 Billion | CN¥21.10 Billion | ▲ +90.1 pp |
| 2002 | -308.5% | CN¥-11.48 Billion | CN¥3.72 Billion | CN¥10.88 Billion | CN¥22.36 Billion | — |