Shandong Intco Recycling Resources Co Ltd (688087) — Working Capital to Net Assets Ratio
Shandong Intco Recycling Resources Co Ltd (688087) has a Working Capital to Net Assets ratio of -10.4% as of March 2026. Working capital of CN¥-299.00 Million (current assets of CN¥3.69 Billion minus current liabilities of CN¥3.99 Billion) is measured against net assets of CN¥2.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shandong Intco Recycling Resources Co Lt (688087) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shandong Intco Recycling Resources Co Ltd Working Capital to Net Assets (2017–2025)
This chart shows how Shandong Intco Recycling Resources Co Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of March 2026, the ratio stands at -10.4%, reflecting working capital of CN¥-299.00 Million against net assets of CN¥2.88 Billion CNY. See 688087 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shandong Intco Recycling Resources Co Ltd (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shandong Intco Recycling Resources Co Ltd from 2017 to 2025, covering 9 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 Shandong Intco Recycling Resources Co Lt market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -17.1% | CN¥-483.35 Million | CN¥2.82 Billion | CN¥3.48 Billion | CN¥3.96 Billion | ▼ -57.0 pp |
| 2024 | 39.8% | CN¥1.01 Billion | CN¥2.53 Billion | CN¥3.43 Billion | CN¥2.42 Billion | ▲ +7.2 pp |
| 2023 | 32.7% | CN¥731.75 Million | CN¥2.24 Billion | CN¥2.46 Billion | CN¥1.72 Billion | ▼ -3.4 pp |
| 2022 | 36.1% | CN¥749.91 Million | CN¥2.08 Billion | CN¥1.49 Billion | CN¥738.01 Million | ▼ -16.8 pp |
| 2021 | 52.9% | CN¥978.63 Million | CN¥1.85 Billion | CN¥1.28 Billion | CN¥297.30 Million | ▲ +26.5 pp |
| 2020 | 26.4% | CN¥254.99 Million | CN¥966.80 Million | CN¥584.41 Million | CN¥329.42 Million | ▲ +15.4 pp |
| 2019 | 10.9% | CN¥77.09 Million | CN¥704.02 Million | CN¥528.54 Million | CN¥451.45 Million | ▼ -20.2 pp |
| 2018 | 31.2% | CN¥180.20 Million | CN¥577.89 Million | CN¥558.54 Million | CN¥378.34 Million | ▲ +20.8 pp |
| 2017 | 10.4% | CN¥50.66 Million | CN¥489.15 Million | CN¥349.95 Million | CN¥299.30 Million | — |