China Telecom Corp Ltd (601728) — Working Capital to Net Assets Ratio
China Telecom Corp Ltd (601728) has a Working Capital to Net Assets ratio of -22.9% as of September 2025. Working capital of CN¥-106.61 Billion (current assets of CN¥224.91 Billion minus current liabilities of CN¥331.52 Billion) is measured against net assets of CN¥465.23 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 601728 equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Telecom Corp Ltd Working Capital to Net Assets (2001–2024)
This chart shows how China Telecom Corp Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of September 2025, the ratio stands at -22.9%, reflecting working capital of CN¥-106.61 Billion against net assets of CN¥465.23 Billion CNY. Check tangible net worth ratio of China Telecom Corp Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for China Telecom Corp Ltd (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Telecom Corp Ltd from 2001 to 2024, 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. For live market cap and the full company profile, see 601728 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -30.1% | CN¥-137.25 Billion | CN¥456.55 Billion | CN¥188.12 Billion | CN¥325.38 Billion | ▲ +0.3 pp |
| 2023 | -30.3% | CN¥-135.57 Billion | CN¥447.17 Billion | CN¥167.86 Billion | CN¥303.44 Billion | ▲ +1.0 pp |
| 2022 | -31.3% | CN¥-136.80 Billion | CN¥436.43 Billion | CN¥141.07 Billion | CN¥277.87 Billion | ▲ +0.6 pp |
| 2021 | -31.9% | CN¥-137.71 Billion | CN¥431.17 Billion | CN¥127.36 Billion | CN¥265.07 Billion | ▲ +19.2 pp |
| 2020 | -51.1% | CN¥-187.13 Billion | CN¥366.18 Billion | CN¥84.02 Billion | CN¥271.14 Billion | ▲ +2.8 pp |
| 2019 | -53.9% | CN¥-191.48 Billion | CN¥355.04 Billion | CN¥73.18 Billion | CN¥264.66 Billion | ▲ +0.1 pp |
| 2018 | -54.0% | CN¥-185.91 Billion | CN¥344.10 Billion | CN¥73.00 Billion | CN¥258.92 Billion | ▲ +8.4 pp |
| 2017 | -62.4% | CN¥-203.86 Billion | CN¥326.70 Billion | CN¥71.55 Billion | CN¥275.41 Billion | ▲ +15.1 pp |
| 2016 | -77.5% | CN¥-245.03 Billion | CN¥316.30 Billion | CN¥73.97 Billion | CN¥319.00 Billion | ▼ -19.1 pp |
| 2015 | -58.3% | CN¥-177.82 Billion | CN¥304.75 Billion | CN¥78.11 Billion | CN¥255.93 Billion | ▼ -7.8 pp |
| 2014 | -50.6% | CN¥-146.78 Billion | CN¥290.11 Billion | CN¥59.54 Billion | CN¥206.32 Billion | ▲ +2.3 pp |
| 2013 | -52.9% | CN¥-147.31 Billion | CN¥278.66 Billion | CN¥52.78 Billion | CN¥200.10 Billion | ▼ -4.7 pp |
| 2012 | -48.2% | CN¥-128.25 Billion | CN¥266.03 Billion | CN¥65.21 Billion | CN¥193.46 Billion | ▼ -21.9 pp |
| 2011 | -26.3% | CN¥-67.68 Billion | CN¥256.88 Billion | CN¥59.58 Billion | CN¥127.26 Billion | ▲ +4.6 pp |
| 2010 | -30.9% | CN¥-71.68 Billion | CN¥231.96 Billion | CN¥55.24 Billion | CN¥126.92 Billion | ▲ +6.2 pp |
| 2009 | -37.1% | CN¥-82.55 Billion | CN¥222.61 Billion | CN¥60.94 Billion | CN¥143.48 Billion | ▲ +19.5 pp |
| 2008 | -56.5% | CN¥-121.29 Billion | CN¥214.55 Billion | CN¥55.50 Billion | CN¥176.79 Billion | ▼ -14.1 pp |
| 2007 | -42.4% | CN¥-94.34 Billion | CN¥222.39 Billion | CN¥44.21 Billion | CN¥138.55 Billion | ▲ +15.0 pp |
| 2006 | -57.4% | CN¥-116.79 Billion | CN¥203.48 Billion | CN¥39.49 Billion | CN¥156.28 Billion | ▲ +8.4 pp |
| 2005 | -65.8% | CN¥-120.34 Billion | CN¥183.02 Billion | CN¥36.68 Billion | CN¥157.02 Billion | ▲ +8.0 pp |
| 2004 | -73.7% | CN¥-118.41 Billion | CN¥160.62 Billion | CN¥33.53 Billion | CN¥151.95 Billion | ▼ -20.0 pp |
| 2003 | -53.7% | CN¥-71.16 Billion | CN¥132.54 Billion | CN¥25.50 Billion | CN¥96.66 Billion | ▼ -29.0 pp |
| 2002 | -24.7% | CN¥-31.12 Billion | CN¥126.12 Billion | CN¥26.50 Billion | CN¥57.62 Billion | ▲ +9.1 pp |
| 2001 | -33.8% | CN¥-57.30 Billion | CN¥169.47 Billion | CN¥26.35 Billion | CN¥83.65 Billion | — |