China Bills Finance Corp (2820) — Working Capital to Net Assets Ratio
China Bills Finance Corp (2820) has a Working Capital to Net Assets ratio of -834.4% as of December 2025. Working capital of NT$-232.22 Billion (current assets of NT$2.05 Billion minus current liabilities of NT$234.26 Billion) is measured against net assets of NT$27.83 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of China Bills Finance Corp to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Bills Finance Corp Working Capital to Net Assets (2006–2025)
This chart shows how China Bills Finance Corp's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2025. As of December 2025, the ratio stands at -834.4%, reflecting working capital of NT$-232.22 Billion against net assets of NT$27.83 Billion TWD. Check 2820 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for China Bills Finance Corp (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Bills Finance Corp from 2006 to 2025, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see China Bills Finance Corp (2820) market capitalisation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -834.4% | NT$-232.22 Billion | NT$27.83 Billion | NT$2.05 Billion | NT$234.26 Billion | ▼ -755.7 pp |
| 2024 | -78.7% | NT$-19.86 Billion | NT$25.22 Billion | NT$1.87 Billion | NT$21.72 Billion | ▼ -12.2 pp |
| 2023 | -66.5% | NT$-16.58 Billion | NT$24.93 Billion | NT$1.89 Billion | NT$18.47 Billion | ▼ -26.8 pp |
| 2022 | -39.7% | NT$-8.72 Billion | NT$21.98 Billion | NT$1.19 Billion | NT$9.91 Billion | ▼ -43.0 pp |
| 2021 | 3.3% | NT$849.68 Million | NT$25.56 Billion | NT$1.29 Billion | NT$435.71 Million | ▲ +0.9 pp |
| 2020 | 2.4% | NT$621.78 Million | NT$25.45 Billion | NT$1.05 Billion | NT$425.80 Million | ▲ +0.8 pp |
| 2019 | 1.6% | NT$383.25 Million | NT$23.86 Billion | NT$1.10 Billion | NT$715.04 Million | ▲ +110.8 pp |
| 2018 | -109.2% | NT$-25.44 Billion | NT$23.30 Billion | NT$1.55 Billion | NT$27.00 Billion | ▼ -35.1 pp |
| 2017 | -74.1% | NT$-17.06 Billion | NT$23.02 Billion | NT$1.56 Billion | NT$18.61 Billion | ▼ -85.8 pp |
| 2016 | 11.7% | NT$2.63 Billion | NT$22.44 Billion | NT$2.63 Billion | NT$5.64 Million | ▲ +6.3 pp |
| 2015 | 5.4% | NT$1.21 Billion | NT$22.39 Billion | NT$1.52 Billion | NT$305.34 Million | ▲ +0.5 pp |
| 2014 | 4.9% | NT$1.06 Billion | NT$21.47 Billion | NT$1.30 Billion | NT$246.98 Million | ▼ -2.7 pp |
| 2013 | 7.6% | NT$1.59 Billion | NT$20.95 Billion | NT$1.88 Billion | NT$288.30 Million | ▲ +48.3 pp |
| 2012 | -40.7% | NT$-8.46 Billion | NT$20.79 Billion | NT$1.88 Billion | NT$10.34 Billion | ▼ -8.6 pp |
| 2011 | -32.1% | NT$-6.95 Billion | NT$21.65 Billion | NT$1.99 Billion | NT$8.95 Billion | ▼ -43.7 pp |
| 2010 | 11.6% | NT$2.14 Billion | NT$18.51 Billion | NT$2.49 Billion | NT$349.50 Million | ▲ +32.9 pp |
| 2009 | -21.3% | NT$-4.61 Billion | NT$21.63 Billion | NT$3.42 Billion | NT$8.03 Billion | ▼ -0.3 pp |
| 2008 | -21.0% | NT$-4.48 Billion | NT$21.32 Billion | NT$2.51 Billion | NT$6.98 Billion | ▼ -18.0 pp |
| 2006 | -3.0% | NT$-564.07 Million | NT$18.79 Billion | NT$4.89 Billion | NT$5.45 Billion | — |