Wave Cyber Shanghai Co Ltd (688718) — Working Capital to Net Assets Ratio
Wave Cyber Shanghai Co Ltd (688718) has a Working Capital to Net Assets ratio of 27.8% as of September 2025. Working capital of CN¥216.60 Million (current assets of CN¥340.88 Million minus current liabilities of CN¥124.28 Million) is measured against net assets of CN¥778.33 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 688718 free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Wave Cyber Shanghai Co Ltd Working Capital to Net Assets (2017–2024)
This chart shows how Wave Cyber Shanghai Co Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 27.8%, reflecting working capital of CN¥216.60 Million against net assets of CN¥778.33 Million CNY. See Wave Cyber Shanghai Co Ltd (688718) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Wave Cyber Shanghai Co Ltd (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Wave Cyber Shanghai Co Ltd from 2017 to 2024, covering 8 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 688718 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 21.7% | CN¥167.59 Million | CN¥772.53 Million | CN¥286.36 Million | CN¥118.77 Million | ▼ -5.4 pp |
| 2023 | 27.1% | CN¥207.59 Million | CN¥765.68 Million | CN¥304.79 Million | CN¥97.19 Million | ▼ -3.2 pp |
| 2022 | 30.4% | CN¥217.75 Million | CN¥717.20 Million | CN¥336.46 Million | CN¥118.70 Million | ▼ -8.4 pp |
| 2021 | 38.8% | CN¥265.45 Million | CN¥684.33 Million | CN¥351.22 Million | CN¥85.77 Million | ▲ +15.2 pp |
| 2020 | 23.6% | CN¥101.98 Million | CN¥431.42 Million | CN¥223.94 Million | CN¥121.96 Million | ▼ -11.4 pp |
| 2019 | 35.0% | CN¥150.00 Million | CN¥428.67 Million | CN¥259.87 Million | CN¥109.87 Million | ▼ -11.4 pp |
| 2018 | 46.4% | CN¥168.37 Million | CN¥362.89 Million | CN¥225.49 Million | CN¥57.12 Million | ▲ +12.0 pp |
| 2017 | 34.4% | CN¥105.48 Million | CN¥306.42 Million | CN¥170.97 Million | CN¥65.49 Million | — |