Investcorp India Acquisition Corp. Class A ordinary share (IVCA) — Working Capital to Net Assets Ratio

Investcorp India Acquisition Corp. Class A ordinary share (IVCA) has a Working Capital to Net Assets ratio of -31.9% as of March 2025. Working capital of $-4.09 Million (current assets of $1.03 Million minus current liabilities of $5.13 Million) is measured against net assets of $12.85 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Investcorp India Acquisition Corp. Class to measure how many days the company can operate on defensive assets alone.