CARE Ratings Limited (CARERATING) — Working Capital to Net Assets Ratio
CARE Ratings Limited (CARERATING) has a Working Capital to Net Assets ratio of 73.0% as of September 2025. Working capital of Rs6.37 Billion (current assets of Rs7.56 Billion minus current liabilities of Rs1.19 Billion) is measured against net assets of Rs8.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of CARE Ratings Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CARE Ratings Limited Working Capital to Net Assets (2008–2025)
This chart shows how CARE Ratings 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 73.0%, reflecting working capital of Rs6.37 Billion against net assets of Rs8.73 Billion INR. Check CARE Ratings Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for CARE Ratings Limited (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for CARE Ratings 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 CARERATING market cap overview.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 72.9% | Rs5.94 Billion | Rs8.16 Billion | Rs6.92 Billion | Rs978.04 Million | ▼ -9.4 pp |
| 2024 | 82.2% | Rs5.96 Billion | Rs7.25 Billion | Rs6.75 Billion | Rs786.77 Million | ▲ +2.1 pp |
| 2023 | 80.1% | Rs5.44 Billion | Rs6.79 Billion | Rs6.02 Billion | Rs578.10 Million | ▲ +1.6 pp |
| 2022 | 78.5% | Rs5.13 Billion | Rs6.53 Billion | Rs5.64 Billion | Rs512.32 Million | ▼ -4.6 pp |
| 2021 | 83.1% | Rs4.93 Billion | Rs5.93 Billion | Rs5.46 Billion | Rs528.89 Million | ▲ +39.0 pp |
| 2020 | 44.1% | Rs2.36 Billion | Rs5.37 Billion | Rs2.96 Billion | Rs598.20 Million | ▲ +2.4 pp |
| 2019 | 41.7% | Rs2.30 Billion | Rs5.52 Billion | Rs2.79 Billion | Rs489.49 Million | ▼ -6.9 pp |
| 2018 | 48.6% | Rs2.91 Billion | Rs5.99 Billion | Rs3.41 Billion | Rs496.14 Million | ▼ -26.5 pp |
| 2017 | 75.2% | Rs3.91 Billion | Rs5.21 Billion | Rs4.40 Billion | Rs490.59 Million | ▲ +35.6 pp |
| 2016 | 39.5% | Rs1.86 Billion | Rs4.70 Billion | Rs2.36 Billion | Rs499.08 Million | ▲ +10.2 pp |
| 2015 | 29.3% | Rs1.05 Billion | Rs3.59 Billion | Rs1.84 Billion | Rs783.03 Million | ▼ -18.4 pp |
| 2014 | 47.7% | Rs2.32 Billion | Rs4.86 Billion | Rs3.19 Billion | Rs868.11 Million | ▼ -4.1 pp |
| 2013 | 51.8% | Rs2.20 Billion | Rs4.25 Billion | Rs2.95 Billion | Rs750.68 Million | ▼ -6.3 pp |
| 2012 | 58.1% | Rs2.20 Billion | Rs3.78 Billion | Rs2.66 Billion | Rs464.46 Million | ▼ -7.0 pp |
| 2011 | 65.2% | Rs1.92 Billion | Rs2.94 Billion | Rs2.29 Billion | Rs367.63 Million | ▲ +37.4 pp |
| 2010 | 27.7% | Rs592.26 Million | Rs2.13 Billion | Rs867.48 Million | Rs275.22 Million | ▼ -42.2 pp |
| 2009 | 69.9% | Rs933.42 Million | Rs1.33 Billion | Rs1.14 Billion | Rs211.22 Million | ▲ +30.5 pp |
| 2008 | 39.5% | Rs328.82 Million | Rs832.64 Million | Rs500.03 Million | Rs171.21 Million | — |