Adani Total Gas Limited (ATGL) — Working Capital to Net Assets Ratio
Adani Total Gas Limited (ATGL) has a Working Capital to Net Assets ratio of -17.9% as of September 2025. Working capital of Rs-8.06 Billion (current assets of Rs12.53 Billion minus current liabilities of Rs20.58 Billion) is measured against net assets of Rs45.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Adani Total Gas Limited (ATGL) 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
Adani Total Gas Limited Working Capital to Net Assets (2015–2025)
This chart shows how Adani Total Gas Limited's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of September 2025, the ratio stands at -17.9%, reflecting working capital of Rs-8.06 Billion against net assets of Rs45.09 Billion INR. See Adani Total Gas Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Adani Total Gas Limited (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Adani Total Gas Limited from 2015 to 2025, 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 ATGL market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.9% | Rs-4.17 Billion | Rs42.07 Billion | Rs11.21 Billion | Rs15.38 Billion | ▲ +11.8 pp |
| 2024 | -21.7% | Rs-7.78 Billion | Rs35.80 Billion | Rs10.32 Billion | Rs18.11 Billion | ▲ +23.7 pp |
| 2023 | -45.4% | Rs-13.35 Billion | Rs29.41 Billion | Rs8.58 Billion | Rs21.93 Billion | ▲ +0.2 pp |
| 2022 | -45.6% | Rs-11.02 Billion | Rs24.16 Billion | Rs3.62 Billion | Rs14.64 Billion | ▼ -15.4 pp |
| 2021 | -30.2% | Rs-5.85 Billion | Rs19.34 Billion | Rs2.23 Billion | Rs8.08 Billion | ▼ -28.0 pp |
| 2020 | -2.2% | Rs-330.20 Million | Rs14.71 Billion | Rs5.58 Billion | Rs5.91 Billion | ▼ -43.2 pp |
| 2019 | 41.0% | Rs4.51 Billion | Rs11.02 Billion | Rs6.74 Billion | Rs2.22 Billion | ▼ -1.9 pp |
| 2018 | 42.8% | Rs3.80 Billion | Rs8.88 Billion | Rs5.23 Billion | Rs1.43 Billion | ▲ +0.3 pp |
| 2017 | 42.6% | Rs3.04 Billion | Rs7.15 Billion | Rs6.36 Billion | Rs3.32 Billion | ▲ +44.7 pp |
| 2016 | -2.1% | Rs-130.68 Million | Rs6.11 Billion | Rs4.46 Billion | Rs4.60 Billion | ▼ -19.3 pp |
| 2015 | 17.2% | Rs1.01 Billion | Rs5.85 Billion | Rs2.78 Billion | Rs1.78 Billion | — |