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 -825.0% as of March 2026. Working capital of NT$-229.98 Billion (current assets of NT$2.57 Billion minus current liabilities of NT$232.55 Billion) is measured against net assets of NT$27.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 2820 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Bills Finance Corp Working Capital to Net Assets (2006–2025)
This chart shows how China Bills Finance Corp's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2025. As of March 2026, the ratio stands at -825.0%, reflecting working capital of NT$-229.98 Billion against net assets of NT$27.88 Billion TWD. See 2820 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for China Bills Finance Corp (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Bills Finance Corp from 2006 to 2025, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see 2820 market cap overview.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -834.4% | NT$-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 | — |