Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) — Working Capital to Net Assets Ratio
Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) has a Working Capital to Net Assets ratio of -36.3% as of March 2026. Working capital of CN¥-133.44 Million (current assets of CN¥1.10 Billion minus current liabilities of CN¥1.23 Billion) is measured against net assets of CN¥367.73 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Zhejiang Tuna Environmental Science & Te to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Zhejiang Tuna Environmental Science & Technology Co Ltd Working Capital to Net Assets (2011–2025)
This chart shows how Zhejiang Tuna Environmental Science & Technology Co Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at -36.3%, reflecting working capital of CN¥-133.44 Million against net assets of CN¥367.73 Million CNY. Check Zhejiang Tuna Environmental Science & Te tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Zhejiang Tuna Environmental Science & Technology Co Ltd (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Zhejiang Tuna Environmental Science & Technology Co Ltd from 2011 to 2025, covering 15 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 603177 market cap.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -30.3% | CN¥-115.92 Million | CN¥383.11 Million | CN¥1.20 Billion | CN¥1.31 Billion | ▼ -12.4 pp |
| 2024 | -17.8% | CN¥-71.83 Million | CN¥403.27 Million | CN¥1.06 Billion | CN¥1.13 Billion | ▼ -0.8 pp |
| 2023 | -17.0% | CN¥-68.02 Million | CN¥400.03 Million | CN¥1.02 Billion | CN¥1.09 Billion | ▼ -30.2 pp |
| 2022 | 13.2% | CN¥49.68 Million | CN¥376.43 Million | CN¥989.45 Million | CN¥939.77 Million | ▲ +35.8 pp |
| 2021 | -22.6% | CN¥-75.37 Million | CN¥332.86 Million | CN¥925.51 Million | CN¥1.00 Billion | ▼ -38.9 pp |
| 2020 | 16.2% | CN¥67.01 Million | CN¥412.80 Million | CN¥895.61 Million | CN¥828.61 Million | ▼ -44.2 pp |
| 2019 | 60.4% | CN¥324.31 Million | CN¥537.05 Million | CN¥1.12 Billion | CN¥798.92 Million | ▼ -5.7 pp |
| 2018 | 66.1% | CN¥349.41 Million | CN¥528.64 Million | CN¥1.15 Billion | CN¥795.63 Million | ▼ -2.1 pp |
| 2017 | 68.2% | CN¥365.34 Million | CN¥535.96 Million | CN¥988.86 Million | CN¥623.53 Million | ▲ +13.0 pp |
| 2016 | 55.2% | CN¥202.14 Million | CN¥366.12 Million | CN¥914.14 Million | CN¥712.00 Million | ▲ +2.0 pp |
| 2015 | 53.2% | CN¥166.31 Million | CN¥312.36 Million | CN¥716.31 Million | CN¥550.00 Million | ▲ +6.4 pp |
| 2014 | 46.8% | CN¥130.34 Million | CN¥278.35 Million | CN¥593.35 Million | CN¥463.02 Million | ▲ +0.9 pp |
| 2013 | 45.9% | CN¥95.98 Million | CN¥208.92 Million | CN¥497.75 Million | CN¥401.77 Million | ▲ +76.2 pp |
| 2012 | -30.2% | CN¥-25.08 Million | CN¥83.00 Million | CN¥265.73 Million | CN¥290.82 Million | ▲ +12.1 pp |
| 2011 | -42.4% | CN¥-23.20 Million | CN¥54.77 Million | CN¥134.18 Million | CN¥157.38 Million | — |