Ihlas Holding AS (IHLAS) — Working Capital to Net Assets Ratio
Ihlas Holding AS (IHLAS) has a Working Capital to Net Assets ratio of 114.6% as of September 2025. Working capital of TL14.56 Billion (current assets of TL19.36 Billion minus current liabilities of TL4.79 Billion) is measured against net assets of TL12.71 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See IHLAS 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
Ihlas Holding AS Working Capital to Net Assets (2014–2024)
This chart shows how Ihlas Holding AS's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 114.6%, reflecting working capital of TL14.56 Billion against net assets of TL12.71 Billion TRY. See Ihlas Holding AS (IHLAS) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Ihlas Holding AS (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ihlas Holding AS from 2014 to 2024, covering 11 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 market value of Ihlas Holding AS.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 92.3% | TL10.85 Billion | TL11.75 Billion | TL13.67 Billion | TL2.82 Billion | ▼ -0.3 pp |
| 2023 | 92.6% | TL12.57 Billion | TL13.56 Billion | TL15.92 Billion | TL3.35 Billion | ▲ +12.1 pp |
| 2022 | 80.5% | TL4.23 Billion | TL5.26 Billion | TL5.28 Billion | TL1.05 Billion | ▲ +9.8 pp |
| 2021 | 70.7% | TL2.52 Billion | TL3.57 Billion | TL4.16 Billion | TL1.63 Billion | ▼ -38.8 pp |
| 2020 | 109.5% | TL2.08 Billion | TL1.89 Billion | TL2.73 Billion | TL649.47 Million | ▲ +24.0 pp |
| 2019 | 85.5% | TL1.06 Billion | TL1.24 Billion | TL2.07 Billion | TL1.01 Billion | ▲ +8.2 pp |
| 2018 | 77.3% | TL629.04 Million | TL813.61 Million | TL1.61 Billion | TL979.95 Million | ▲ +5.2 pp |
| 2017 | 72.1% | TL596.97 Million | TL828.32 Million | TL2.06 Billion | TL1.47 Billion | ▼ -2.4 pp |
| 2016 | 74.5% | TL587.47 Million | TL788.46 Million | TL1.85 Billion | TL1.26 Billion | ▼ -39.7 pp |
| 2015 | 114.2% | TL846.04 Million | TL740.74 Million | TL2.19 Billion | TL1.34 Billion | ▼ -15.9 pp |
| 2014 | 130.1% | TL1.03 Billion | TL791.36 Million | TL2.00 Billion | TL970.87 Million | — |