Tata Steel Limited (TTST) — Working Capital to Net Assets Ratio
Tata Steel Limited (TTST) has a Working Capital to Net Assets ratio of -24.1% as of September 2025. Working capital of $-231.36 Billion (current assets of $666.23 Billion minus current liabilities of $897.59 Billion) is measured against net assets of $959.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Tata Steel Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tata Steel Limited Working Capital to Net Assets (2018–2025)
This chart shows how Tata Steel Limited's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of September 2025, the ratio stands at -24.1%, reflecting working capital of $-231.36 Billion against net assets of $959.32 Billion USD. See Tata Steel Limited (TTST) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tata Steel Limited (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tata Steel Limited from 2018 to 2025, 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 Tata Steel Limited market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -19.4% | $-177.02 Billion | $913.53 Billion | $683.92 Billion | $860.94 Billion | ▲ +10.8 pp |
| 2024 | -30.1% | $-278.55 Billion | $924.33 Billion | $705.48 Billion | $984.03 Billion | ▼ -20.0 pp |
| 2023 | -10.2% | $-106.89 Billion | $1.05 Trillion | $866.06 Billion | $972.95 Billion | ▼ -11.6 pp |
| 2022 | 1.4% | $16.68 Billion | $1.17 Trillion | $922.56 Billion | $905.88 Billion | ▲ +15.2 pp |
| 2021 | -13.7% | $-106.55 Billion | $775.08 Billion | $602.12 Billion | $708.67 Billion | ▼ -9.9 pp |
| 2020 | -3.8% | $-29.28 Billion | $761.63 Billion | $587.33 Billion | $616.61 Billion | ▼ -1.0 pp |
| 2019 | -2.9% | $-20.43 Billion | $712.90 Billion | $589.91 Billion | $610.34 Billion | ▼ -22.5 pp |
| 2018 | 19.6% | $121.13 Billion | $618.07 Billion | $677.75 Billion | $556.61 Billion | — |