Zhejiang Xinhua Chemical Co Ltd (603867) — Working Capital to Net Assets Ratio
Zhejiang Xinhua Chemical Co Ltd (603867) has a Working Capital to Net Assets ratio of 39.7% as of September 2025. Working capital of CN¥1.12 Billion (current assets of CN¥1.94 Billion minus current liabilities of CN¥819.40 Million) is measured against net assets of CN¥2.82 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Zhejiang Xinhua Chemical Co Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Zhejiang Xinhua Chemical Co Ltd Working Capital to Net Assets (2014–2024)
This chart shows how Zhejiang Xinhua Chemical Co Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 39.7%, reflecting working capital of CN¥1.12 Billion against net assets of CN¥2.82 Billion CNY. See 603867 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Zhejiang Xinhua Chemical Co Ltd (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Zhejiang Xinhua Chemical Co Ltd from 2014 to 2024, covering 11 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 Zhejiang Xinhua Chemical Co Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 40.8% | CN¥1.06 Billion | CN¥2.59 Billion | CN¥1.97 Billion | CN¥910.60 Million | ▼ -2.4 pp |
| 2023 | 43.2% | CN¥1.04 Billion | CN¥2.40 Billion | CN¥1.78 Billion | CN¥739.43 Million | ▼ -6.5 pp |
| 2022 | 49.6% | CN¥1.08 Billion | CN¥2.18 Billion | CN¥1.97 Billion | CN¥884.60 Million | ▲ +9.8 pp |
| 2021 | 39.8% | CN¥698.59 Million | CN¥1.75 Billion | CN¥1.58 Billion | CN¥879.53 Million | ▼ -3.7 pp |
| 2020 | 43.5% | CN¥692.11 Million | CN¥1.59 Billion | CN¥1.52 Billion | CN¥828.41 Million | ▼ -1.7 pp |
| 2019 | 45.3% | CN¥643.35 Million | CN¥1.42 Billion | CN¥1.34 Billion | CN¥693.67 Million | ▲ +30.4 pp |
| 2018 | 14.8% | CN¥128.72 Million | CN¥867.51 Million | CN¥902.81 Million | CN¥774.09 Million | ▼ -1.8 pp |
| 2017 | 16.7% | CN¥116.03 Million | CN¥696.70 Million | CN¥854.79 Million | CN¥738.76 Million | ▲ +17.5 pp |
| 2016 | -0.8% | CN¥-4.75 Million | CN¥593.70 Million | CN¥684.81 Million | CN¥689.56 Million | ▲ +2.9 pp |
| 2015 | -3.7% | CN¥-19.10 Million | CN¥512.29 Million | CN¥591.66 Million | CN¥610.75 Million | ▲ +15.0 pp |
| 2014 | -18.7% | CN¥-81.87 Million | CN¥438.26 Million | CN¥621.75 Million | CN¥703.62 Million | — |