Hengtong Logistic Co Ltd (603223) — Working Capital to Net Assets Ratio
Hengtong Logistic Co Ltd (603223) has a Working Capital to Net Assets ratio of 34.9% as of March 2026. Working capital of CN¥1.45 Billion (current assets of CN¥2.05 Billion minus current liabilities of CN¥604.74 Million) is measured against net assets of CN¥4.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 603223 days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hengtong Logistic Co Ltd Working Capital to Net Assets (2009–2025)
This chart shows how Hengtong Logistic Co Ltd's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 34.9%, reflecting working capital of CN¥1.45 Billion against net assets of CN¥4.14 Billion CNY. For the complete balance sheet picture, see 603223 total asset value.
Annual Working Capital to Net Assets for Hengtong Logistic Co Ltd (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hengtong Logistic Co Ltd from 2009 to 2025, covering 17 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 financial resilience of Hengtong Logistic Co Ltd 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 | 35.0% | CN¥1.41 Billion | CN¥4.04 Billion | CN¥1.96 Billion | CN¥545.52 Million | ▲ +0.6 pp |
| 2024 | 34.3% | CN¥1.32 Billion | CN¥3.85 Billion | CN¥2.19 Billion | CN¥870.14 Million | ▼ -9.8 pp |
| 2023 | 44.1% | CN¥1.69 Billion | CN¥3.83 Billion | CN¥2.51 Billion | CN¥821.13 Million | ▼ -27.7 pp |
| 2022 | 71.9% | CN¥2.68 Billion | CN¥3.74 Billion | CN¥3.15 Billion | CN¥468.05 Million | ▲ +48.1 pp |
| 2021 | 23.8% | CN¥305.22 Million | CN¥1.28 Billion | CN¥751.75 Million | CN¥446.52 Million | ▼ -4.1 pp |
| 2020 | 27.9% | CN¥344.55 Million | CN¥1.24 Billion | CN¥866.70 Million | CN¥522.15 Million | ▲ +14.1 pp |
| 2019 | 13.8% | CN¥151.16 Million | CN¥1.10 Billion | CN¥647.88 Million | CN¥496.71 Million | ▼ -1.5 pp |
| 2018 | 15.3% | CN¥170.39 Million | CN¥1.12 Billion | CN¥707.60 Million | CN¥537.21 Million | ▲ +13.1 pp |
| 2017 | 2.2% | CN¥16.31 Million | CN¥751.33 Million | CN¥494.24 Million | CN¥477.93 Million | ▼ -7.7 pp |
| 2016 | 9.8% | CN¥67.12 Million | CN¥682.07 Million | CN¥254.79 Million | CN¥187.67 Million | ▼ -2.0 pp |
| 2015 | 11.8% | CN¥73.54 Million | CN¥621.02 Million | CN¥278.53 Million | CN¥204.99 Million | ▲ +18.8 pp |
| 2014 | -6.9% | CN¥-24.70 Million | CN¥357.38 Million | CN¥218.23 Million | CN¥242.93 Million | ▲ +20.7 pp |
| 2013 | -27.6% | CN¥-84.33 Million | CN¥305.95 Million | CN¥208.72 Million | CN¥293.05 Million | ▲ +0.3 pp |
| 2012 | -27.9% | CN¥-69.85 Million | CN¥250.44 Million | CN¥152.15 Million | CN¥222.00 Million | ▼ -18.1 pp |
| 2011 | -9.7% | CN¥-20.16 Million | CN¥206.78 Million | CN¥129.59 Million | CN¥149.75 Million | ▲ +22.9 pp |
| 2010 | -32.7% | CN¥-39.36 Million | CN¥120.45 Million | CN¥85.77 Million | CN¥125.13 Million | ▲ +4.2 pp |
| 2009 | -36.9% | CN¥-23.23 Million | CN¥62.99 Million | CN¥64.17 Million | CN¥87.40 Million | — |