Adani Enterprises Limited (ADANIENT) — Working Capital to Net Assets Ratio
Adani Enterprises Limited (ADANIENT) has a Working Capital to Net Assets ratio of -2.6% as of September 2025. Working capital of Rs-16.15 Billion (current assets of Rs470.21 Billion minus current liabilities of Rs486.36 Billion) is measured against net assets of Rs615.78 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ADANIENT cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Adani Enterprises Limited Working Capital to Net Assets (2004–2025)
This chart shows how Adani Enterprises Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at -2.6%, reflecting working capital of Rs-16.15 Billion against net assets of Rs615.78 Billion INR. For the complete balance sheet picture, see balance sheet size of Adani Enterprises Limited.
Annual Working Capital to Net Assets for Adani Enterprises Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Adani Enterprises Limited from 2004 to 2025, covering 22 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. Check Adani Enterprises Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.8% | Rs-66.39 Billion | Rs564.70 Billion | Rs407.44 Billion | Rs473.83 Billion | ▲ +5.9 pp |
| 2024 | -17.6% | Rs-77.92 Billion | Rs441.86 Billion | Rs368.60 Billion | Rs446.52 Billion | ▲ +2.9 pp |
| 2023 | -20.5% | Rs-77.81 Billion | Rs378.90 Billion | Rs370.22 Billion | Rs448.03 Billion | ▲ +27.4 pp |
| 2022 | -47.9% | Rs-129.04 Billion | Rs269.28 Billion | Rs309.45 Billion | Rs438.50 Billion | ▼ -39.9 pp |
| 2021 | -8.0% | Rs-15.20 Billion | Rs189.10 Billion | Rs199.63 Billion | Rs214.83 Billion | ▼ -12.9 pp |
| 2020 | 4.9% | Rs8.94 Billion | Rs182.10 Billion | Rs241.83 Billion | Rs232.89 Billion | ▲ +0.8 pp |
| 2019 | 4.1% | Rs6.19 Billion | Rs151.44 Billion | Rs229.99 Billion | Rs223.81 Billion | ▼ -5.3 pp |
| 2018 | 9.4% | Rs14.71 Billion | Rs155.88 Billion | Rs358.70 Billion | Rs343.99 Billion | ▲ +9.9 pp |
| 2017 | -0.5% | Rs-683.00 Million | Rs146.98 Billion | Rs221.59 Billion | Rs222.27 Billion | ▼ -6.3 pp |
| 2016 | 5.9% | Rs7.90 Billion | Rs135.01 Billion | Rs240.08 Billion | Rs232.18 Billion | ▲ +39.9 pp |
| 2015 | -34.0% | Rs-101.50 Billion | Rs298.30 Billion | Rs327.25 Billion | Rs428.75 Billion | ▲ +0.7 pp |
| 2014 | -34.8% | Rs-98.14 Billion | Rs282.38 Billion | Rs269.02 Billion | Rs367.15 Billion | ▼ -10.4 pp |
| 2013 | -24.4% | Rs-60.21 Billion | Rs246.93 Billion | Rs280.23 Billion | Rs340.45 Billion | ▼ -6.4 pp |
| 2012 | -18.0% | Rs-41.37 Billion | Rs229.52 Billion | Rs257.52 Billion | Rs298.89 Billion | ▼ -58.4 pp |
| 2011 | 40.4% | Rs84.83 Billion | Rs210.23 Billion | Rs170.48 Billion | Rs85.65 Billion | ▼ -45.5 pp |
| 2010 | 85.8% | Rs67.72 Billion | Rs78.90 Billion | Rs117.90 Billion | Rs50.18 Billion | ▼ -94.3 pp |
| 2009 | 180.1% | Rs62.97 Billion | Rs34.96 Billion | Rs108.10 Billion | Rs45.13 Billion | ▲ +6.4 pp |
| 2008 | 173.8% | Rs43.02 Billion | Rs24.75 Billion | Rs79.78 Billion | Rs36.76 Billion | ▼ -184.8 pp |
| 2007 | 358.5% | Rs41.40 Billion | Rs11.55 Billion | Rs65.16 Billion | Rs23.76 Billion | ▲ +126.6 pp |
| 2006 | 231.9% | Rs19.77 Billion | Rs8.53 Billion | Rs41.42 Billion | Rs21.65 Billion | ▲ +26.4 pp |
| 2005 | 205.5% | Rs15.27 Billion | Rs7.43 Billion | Rs36.04 Billion | Rs20.77 Billion | ▲ +62.9 pp |
| 2004 | 142.6% | Rs9.95 Billion | Rs6.98 Billion | Rs20.84 Billion | Rs10.88 Billion | — |