Ningbo Water Meter Co Ltd (603700) — Working Capital to Net Assets Ratio
Ningbo Water Meter Co Ltd (603700) has a Working Capital to Net Assets ratio of 58.2% as of September 2025. Working capital of CN¥947.22 Million (current assets of CN¥1.70 Billion minus current liabilities of CN¥748.32 Million) is measured against net assets of CN¥1.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Ningbo Water Meter Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ningbo Water Meter Co Ltd Working Capital to Net Assets (2013–2024)
This chart shows how Ningbo Water Meter Co Ltd's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 58.2%, reflecting working capital of CN¥947.22 Million against net assets of CN¥1.63 Billion CNY. For the complete balance sheet picture, see 603700 total assets.
Annual Working Capital to Net Assets for Ningbo Water Meter Co Ltd (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ningbo Water Meter Co Ltd from 2013 to 2024, covering 12 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 603700 asset resilience 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) |
|---|---|---|---|---|---|---|
| 2024 | 57.2% | CN¥918.37 Million | CN¥1.60 Billion | CN¥1.58 Billion | CN¥658.64 Million | ▼ -0.5 pp |
| 2023 | 57.7% | CN¥929.22 Million | CN¥1.61 Billion | CN¥1.58 Billion | CN¥653.01 Million | ▲ +1.0 pp |
| 2022 | 56.7% | CN¥869.14 Million | CN¥1.53 Billion | CN¥1.67 Billion | CN¥804.71 Million | ▼ -18.4 pp |
| 2021 | 75.1% | CN¥1.20 Billion | CN¥1.60 Billion | CN¥1.81 Billion | CN¥614.71 Million | ▼ -9.0 pp |
| 2020 | 84.0% | CN¥1.22 Billion | CN¥1.45 Billion | CN¥1.82 Billion | CN¥596.16 Million | ▼ -3.6 pp |
| 2019 | 87.6% | CN¥1.09 Billion | CN¥1.25 Billion | CN¥1.54 Billion | CN¥446.38 Million | ▲ +11.8 pp |
| 2018 | 75.8% | CN¥388.92 Million | CN¥512.91 Million | CN¥692.61 Million | CN¥303.69 Million | ▲ +4.0 pp |
| 2017 | 71.8% | CN¥302.18 Million | CN¥420.65 Million | CN¥563.18 Million | CN¥261.00 Million | ▼ -4.7 pp |
| 2016 | 76.5% | CN¥283.77 Million | CN¥370.98 Million | CN¥476.10 Million | CN¥192.33 Million | ▲ +27.3 pp |
| 2015 | 49.2% | CN¥140.19 Million | CN¥285.14 Million | CN¥337.20 Million | CN¥197.01 Million | ▲ +24.2 pp |
| 2014 | 24.9% | CN¥47.96 Million | CN¥192.34 Million | CN¥298.53 Million | CN¥250.58 Million | ▲ +15.6 pp |
| 2013 | 9.3% | CN¥14.26 Million | CN¥152.56 Million | CN¥279.57 Million | CN¥265.31 Million | — |