China Railway Group Limited (601390) — Working Capital to Net Assets Ratio
China Railway Group Limited (601390) has a Working Capital to Net Assets ratio of -11.4% as of March 2026. Working capital of CN¥-62.22 Billion (current assets of CN¥1.28 Trillion minus current liabilities of CN¥1.34 Trillion) is measured against net assets of CN¥546.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See China Railway Group Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Railway Group Limited Working Capital to Net Assets (2004–2025)
This chart shows how China Railway Group Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -11.4%, reflecting working capital of CN¥-62.22 Billion against net assets of CN¥546.55 Billion CNY. For the complete balance sheet picture, see China Railway Group Limited balance sheet assets.
Annual Working Capital to Net Assets for China Railway Group Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Railway Group Limited from 2004 to 2025, covering 22 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 601390 asset liquidity 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) |
|---|---|---|---|---|---|---|
| 2025 | -10.2% | CN¥-54.92 Billion | CN¥540.60 Billion | CN¥1.34 Trillion | CN¥1.39 Trillion | ▼ -7.8 pp |
| 2024 | -2.4% | CN¥-12.10 Billion | CN¥510.14 Billion | CN¥1.26 Trillion | CN¥1.28 Trillion | ▼ -1.3 pp |
| 2023 | -1.1% | CN¥-4.95 Billion | CN¥459.90 Billion | CN¥1.01 Trillion | CN¥1.01 Trillion | ▼ -7.0 pp |
| 2022 | 6.0% | CN¥25.19 Billion | CN¥423.06 Billion | CN¥898.57 Billion | CN¥873.37 Billion | ▲ +2.3 pp |
| 2021 | 3.6% | CN¥12.93 Billion | CN¥358.34 Billion | CN¥800.79 Billion | CN¥787.86 Billion | ▼ -8.1 pp |
| 2020 | 11.7% | CN¥36.64 Billion | CN¥313.19 Billion | CN¥741.79 Billion | CN¥705.14 Billion | ▼ -1.9 pp |
| 2019 | 13.6% | CN¥33.50 Billion | CN¥245.47 Billion | CN¥709.53 Billion | CN¥676.03 Billion | ▲ +0.5 pp |
| 2018 | 13.2% | CN¥29.22 Billion | CN¥222.14 Billion | CN¥651.68 Billion | CN¥622.46 Billion | ▼ -33.0 pp |
| 2017 | 46.2% | CN¥78.37 Billion | CN¥169.72 Billion | CN¥660.08 Billion | CN¥581.72 Billion | ▼ -13.0 pp |
| 2016 | 59.2% | CN¥88.30 Billion | CN¥149.16 Billion | CN¥594.91 Billion | CN¥506.60 Billion | ▼ -8.9 pp |
| 2015 | 68.1% | CN¥94.96 Billion | CN¥139.40 Billion | CN¥565.41 Billion | CN¥470.45 Billion | ▲ +0.1 pp |
| 2014 | 68.0% | CN¥74.16 Billion | CN¥109.06 Billion | CN¥545.30 Billion | CN¥471.14 Billion | ▼ -17.4 pp |
| 2013 | 85.4% | CN¥82.65 Billion | CN¥96.80 Billion | CN¥502.89 Billion | CN¥420.24 Billion | ▲ +8.0 pp |
| 2012 | 77.4% | CN¥68.54 Billion | CN¥88.56 Billion | CN¥434.66 Billion | CN¥366.12 Billion | ▲ +10.6 pp |
| 2011 | 66.8% | CN¥54.33 Billion | CN¥81.35 Billion | CN¥359.90 Billion | CN¥305.57 Billion | ▲ +20.7 pp |
| 2010 | 46.1% | CN¥34.07 Billion | CN¥73.89 Billion | CN¥298.47 Billion | CN¥264.40 Billion | ▲ +5.2 pp |
| 2009 | 40.9% | CN¥27.13 Billion | CN¥66.36 Billion | CN¥237.23 Billion | CN¥210.10 Billion | ▼ -2.9 pp |
| 2008 | 43.8% | CN¥26.75 Billion | CN¥61.09 Billion | CN¥192.30 Billion | CN¥165.55 Billion | ▼ -16.5 pp |
| 2007 | 60.3% | CN¥35.51 Billion | CN¥58.93 Billion | CN¥171.99 Billion | CN¥136.48 Billion | ▲ +69.6 pp |
| 2006 | -9.4% | CN¥-922.08 Million | CN¥9.85 Billion | CN¥117.76 Billion | CN¥118.68 Billion | ▼ -6.7 pp |
| 2005 | -2.7% | CN¥-225.90 Million | CN¥8.42 Billion | CN¥81.29 Billion | CN¥81.52 Billion | ▼ -16.1 pp |
| 2004 | 13.4% | CN¥968.46 Million | CN¥7.21 Billion | CN¥64.56 Billion | CN¥63.59 Billion | — |