Indal Aluminium Industry Tbk (INAI) — Working Capital to Net Assets Ratio
Indal Aluminium Industry Tbk (INAI) has a Working Capital to Net Assets ratio of -144.2% as of September 2025. Working capital of Rp-191.42 Billion (current assets of Rp759.32 Billion minus current liabilities of Rp950.74 Billion) is measured against net assets of Rp132.72 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See INAI financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Indal Aluminium Industry Tbk Working Capital to Net Assets (2013–2024)
This chart shows how Indal Aluminium Industry Tbk's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at -144.2%, reflecting working capital of Rp-191.42 Billion against net assets of Rp132.72 Billion IDR. See operational self-sufficiency of Indal Aluminium Industry Tbk to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Indal Aluminium Industry Tbk (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Indal Aluminium Industry Tbk from 2013 to 2024, covering 12 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 cap of Indal Aluminium Industry Tbk.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -72.8% | Rp-142.66 Billion | Rp196.07 Billion | Rp838.37 Billion | Rp981.04 Billion | ▼ -55.5 pp |
| 2023 | -17.2% | Rp-47.23 Billion | Rp273.92 Billion | Rp1.09 Trillion | Rp1.13 Trillion | ▼ -18.0 pp |
| 2022 | 0.7% | Rp2.18 Billion | Rp297.48 Billion | Rp1.20 Trillion | Rp1.19 Trillion | ▼ -17.8 pp |
| 2021 | 18.6% | Rp71.80 Billion | Rp386.64 Billion | Rp1.16 Trillion | Rp1.09 Trillion | ▼ -15.9 pp |
| 2020 | 34.4% | Rp110.68 Billion | Rp321.40 Billion | Rp1.10 Trillion | Rp985.51 Billion | ▲ +14.3 pp |
| 2019 | 20.1% | Rp64.22 Billion | Rp319.27 Billion | Rp883.71 Billion | Rp819.49 Billion | ▲ +12.2 pp |
| 2018 | 7.9% | Rp24.00 Billion | Rp303.88 Billion | Rp1.05 Trillion | Rp1.03 Trillion | ▲ +10.2 pp |
| 2017 | -2.3% | Rp-6.50 Billion | Rp277.40 Billion | Rp860.75 Billion | Rp867.25 Billion | ▼ -3.5 pp |
| 2016 | 1.1% | Rp2.86 Billion | Rp258.02 Billion | Rp974.28 Billion | Rp971.42 Billion | ▼ -0.3 pp |
| 2015 | 1.4% | Rp3.34 Billion | Rp239.82 Billion | Rp955.47 Billion | Rp952.13 Billion | ▼ -32.2 pp |
| 2014 | 33.6% | Rp49.04 Billion | Rp145.84 Billion | Rp644.38 Billion | Rp595.34 Billion | ▼ -61.4 pp |
| 2013 | 95.1% | Rp103.79 Billion | Rp109.18 Billion | Rp543.23 Billion | Rp439.44 Billion | — |