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 Wave Cyber Shanghai Co Ltd (688718) net asset quality to measure how much of total assets are equity-financed.
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. Check 688718 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 how much is Wave Cyber Shanghai Co Ltd 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 | — |