Arman Financial Services Limited (ARMANFIN) — Working Capital to Net Assets Ratio
Arman Financial Services Limited (ARMANFIN) has a Working Capital to Net Assets ratio of 231.9% as of September 2025. Working capital of Rs20.22 Billion (current assets of Rs20.23 Billion minus current liabilities of Rs5.71 Million) is measured against net assets of Rs8.72 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Arman Financial Services Limited (ARMANFIN) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Arman Financial Services Limited Working Capital to Net Assets (2008–2025)
This chart shows how Arman Financial Services Limited's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of September 2025, the ratio stands at 231.9%, reflecting working capital of Rs20.22 Billion against net assets of Rs8.72 Billion INR. See Arman Financial Services Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Arman Financial Services Limited (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Arman Financial Services Limited from 2008 to 2025, covering 18 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 Arman Financial Services Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 76.5% | Rs6.69 Billion | Rs8.74 Billion | Rs16.44 Billion | Rs9.75 Billion | ▼ -48.4 pp |
| 2024 | 124.9% | Rs10.15 Billion | Rs8.13 Billion | Rs22.11 Billion | Rs11.96 Billion | ▼ -411.3 pp |
| 2023 | 536.2% | Rs19.61 Billion | Rs3.66 Billion | Rs19.67 Billion | Rs62.14 Million | ▲ +437.4 pp |
| 2022 | 98.8% | Rs2.10 Billion | Rs2.13 Billion | Rs8.96 Billion | Rs6.86 Billion | ▼ -25.1 pp |
| 2021 | 123.9% | Rs2.31 Billion | Rs1.87 Billion | Rs6.68 Billion | Rs4.37 Billion | ▼ -201.7 pp |
| 2020 | 325.6% | Rs5.61 Billion | Rs1.72 Billion | Rs8.90 Billion | Rs3.29 Billion | ▲ +131.8 pp |
| 2019 | 193.9% | Rs1.54 Billion | Rs792.21 Million | Rs5.18 Billion | Rs3.64 Billion | ▼ -131.8 pp |
| 2018 | 325.7% | Rs1.85 Billion | Rs569.02 Million | Rs3.70 Billion | Rs1.84 Billion | ▲ +207.8 pp |
| 2017 | 117.9% | Rs660.24 Million | Rs560.02 Million | Rs1.77 Billion | Rs1.11 Billion | ▼ -0.6 pp |
| 2016 | 118.5% | Rs598.09 Million | Rs504.60 Million | Rs1.59 Billion | Rs987.28 Million | ▲ +7.8 pp |
| 2015 | 110.7% | Rs434.46 Million | Rs392.47 Million | Rs1.19 Billion | Rs754.07 Million | ▲ +25.8 pp |
| 2014 | 84.9% | Rs286.06 Million | Rs337.12 Million | Rs961.01 Million | Rs674.95 Million | ▲ +31.3 pp |
| 2013 | 53.6% | Rs121.84 Million | Rs227.45 Million | Rs657.49 Million | Rs535.65 Million | ▼ -0.4 pp |
| 2012 | 54.0% | Rs106.24 Million | Rs196.82 Million | Rs517.18 Million | Rs410.94 Million | ▲ +21.3 pp |
| 2011 | 32.7% | Rs30.32 Million | Rs92.66 Million | Rs377.75 Million | Rs347.44 Million | ▼ -302.9 pp |
| 2010 | 335.7% | Rs262.92 Million | Rs78.33 Million | Rs270.08 Million | Rs7.16 Million | ▲ +111.9 pp |
| 2009 | 223.8% | Rs164.04 Million | Rs73.31 Million | Rs166.98 Million | Rs2.94 Million | ▼ -37.7 pp |
| 2008 | 261.5% | Rs173.67 Million | Rs66.41 Million | Rs183.19 Million | Rs9.52 Million | — |