Zhejiang Xinao Textiles Inc Working Capital to Net Assets Ratio
Zhejiang Xinao Textiles Inc working capital to net assets ratio. Zhejiang Xinao Textiles Inc (603889) has a Working Capital to Net Assets ratio of 51.0% as of September 2025. Working capital of CN¥2.01 Billion (current assets of CN¥3.96 Billion minus current liabilities of CN¥1.95 Billion) is measured against net assets of CN¥3.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Zhejiang Xinao Textiles Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Zhejiang Xinao Textiles Inc (2011–2024)
Working capital to net assets ratio of Zhejiang Xinao Textiles Inc from 2011 to 2024. This chart shows how Zhejiang Xinao Textiles Inc's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 51.0%, reflecting working capital of CN¥2.01 Billion against net assets of CN¥3.95 Billion CNY. See 603889 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Zhejiang Xinao Textiles Inc Working Capital to Net Assets Ratio by Year (2011–2024)
Zhejiang Xinao Textiles Inc working capital to net assets ratio by year from 2011 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Zhejiang Xinao Textiles Inc from 2011 to 2024, covering 14 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 the complete balance sheet picture, see how large is Zhejiang Xinao Textiles Inc's balance sheet.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 46.3% | CN¥1.64 Billion | CN¥3.55 Billion | CN¥3.10 Billion | CN¥1.46 Billion | ▼ -1.5 pp |
| 2023 | 47.8% | CN¥1.57 Billion | CN¥3.30 Billion | CN¥3.52 Billion | CN¥1.95 Billion | ▼ -13.6 pp |
| 2022 | 61.4% | CN¥1.86 Billion | CN¥3.03 Billion | CN¥3.31 Billion | CN¥1.45 Billion | ▲ +9.1 pp |
| 2021 | 52.2% | CN¥1.45 Billion | CN¥2.78 Billion | CN¥2.62 Billion | CN¥1.17 Billion | ▲ +3.2 pp |
| 2020 | 49.0% | CN¥1.26 Billion | CN¥2.58 Billion | CN¥1.95 Billion | CN¥683.64 Million | ▲ +4.2 pp |
| 2019 | 44.8% | CN¥1.07 Billion | CN¥2.40 Billion | CN¥1.74 Billion | CN¥670.10 Million | ▼ -7.8 pp |
| 2018 | 52.6% | CN¥1.25 Billion | CN¥2.37 Billion | CN¥1.91 Billion | CN¥660.68 Million | ▼ -5.1 pp |
| 2017 | 57.7% | CN¥1.30 Billion | CN¥2.25 Billion | CN¥1.73 Billion | CN¥432.05 Million | ▲ +20.9 pp |
| 2016 | 36.7% | CN¥445.39 Million | CN¥1.21 Billion | CN¥890.84 Million | CN¥445.45 Million | ▼ -12.1 pp |
| 2015 | 48.8% | CN¥537.68 Million | CN¥1.10 Billion | CN¥862.62 Million | CN¥324.94 Million | ▼ -3.6 pp |
| 2014 | 52.5% | CN¥534.97 Million | CN¥1.02 Billion | CN¥1.16 Billion | CN¥625.43 Million | ▲ +32.0 pp |
| 2013 | 20.4% | CN¥102.61 Million | CN¥502.45 Million | CN¥697.14 Million | CN¥594.52 Million | ▼ -1.7 pp |
| 2012 | 22.2% | CN¥93.38 Million | CN¥421.50 Million | CN¥575.00 Million | CN¥481.62 Million | ▲ +1.4 pp |
| 2011 | 20.8% | CN¥75.55 Million | CN¥363.35 Million | CN¥610.34 Million | CN¥534.79 Million | — |