Cummins India Limited (CUMMINSIND) — Working Capital to Net Assets Ratio
Cummins India Limited (CUMMINSIND) has a Working Capital to Net Assets ratio of 63.6% as of September 2025. Working capital of Rs50.23 Billion (current assets of Rs73.53 Billion minus current liabilities of Rs23.30 Billion) is measured against net assets of Rs78.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Cummins India Limited financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cummins India Limited Working Capital to Net Assets (2005–2025)
This chart shows how Cummins India Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 63.6%, reflecting working capital of Rs50.23 Billion against net assets of Rs78.95 Billion INR. See operational self-sufficiency of Cummins India Limited to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Cummins India Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cummins India Limited from 2005 to 2025, covering 21 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 CUMMINSIND market cap overview.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 62.8% | Rs47.50 Billion | Rs75.61 Billion | Rs70.09 Billion | Rs22.58 Billion | ▲ +4.1 pp |
| 2024 | 58.8% | Rs38.85 Billion | Rs66.12 Billion | Rs59.42 Billion | Rs20.57 Billion | ▲ +3.0 pp |
| 2023 | 55.7% | Rs32.08 Billion | Rs57.58 Billion | Rs50.98 Billion | Rs18.90 Billion | ▲ +3.8 pp |
| 2022 | 51.9% | Rs26.69 Billion | Rs51.45 Billion | Rs44.13 Billion | Rs17.45 Billion | ▲ +5.7 pp |
| 2021 | 46.2% | Rs21.47 Billion | Rs46.51 Billion | Rs32.56 Billion | Rs11.09 Billion | ▲ +4.9 pp |
| 2020 | 41.2% | Rs18.15 Billion | Rs44.02 Billion | Rs33.82 Billion | Rs15.68 Billion | ▼ -3.0 pp |
| 2019 | 44.2% | Rs18.94 Billion | Rs42.83 Billion | Rs34.29 Billion | Rs15.34 Billion | ▲ +1.2 pp |
| 2018 | 43.1% | Rs17.74 Billion | Rs41.19 Billion | Rs32.30 Billion | Rs14.56 Billion | ▲ +5.0 pp |
| 2017 | 38.0% | Rs14.72 Billion | Rs38.71 Billion | Rs26.88 Billion | Rs12.16 Billion | ▲ +3.4 pp |
| 2016 | 34.6% | Rs11.55 Billion | Rs33.33 Billion | Rs24.30 Billion | Rs12.76 Billion | ▼ -6.3 pp |
| 2015 | 40.9% | Rs11.81 Billion | Rs28.87 Billion | Rs24.08 Billion | Rs12.27 Billion | ▲ +2.2 pp |
| 2014 | 38.7% | Rs9.93 Billion | Rs25.65 Billion | Rs20.16 Billion | Rs10.24 Billion | ▼ -20.9 pp |
| 2013 | 59.6% | Rs14.24 Billion | Rs23.87 Billion | Rs25.29 Billion | Rs11.06 Billion | ▲ +0.1 pp |
| 2012 | 59.5% | Rs12.17 Billion | Rs20.43 Billion | Rs21.62 Billion | Rs9.45 Billion | ▲ +24.2 pp |
| 2011 | 35.4% | Rs6.39 Billion | Rs18.06 Billion | Rs16.80 Billion | Rs10.41 Billion | ▲ +4.3 pp |
| 2010 | 31.1% | Rs4.86 Billion | Rs15.61 Billion | Rs12.67 Billion | Rs7.81 Billion | ▼ -18.2 pp |
| 2009 | 49.3% | Rs7.33 Billion | Rs14.85 Billion | Rs15.31 Billion | Rs7.99 Billion | ▲ +9.5 pp |
| 2008 | 39.9% | Rs4.92 Billion | Rs12.34 Billion | Rs12.12 Billion | Rs7.21 Billion | ▼ -23.1 pp |
| 2007 | 62.9% | Rs6.42 Billion | Rs10.21 Billion | Rs10.15 Billion | Rs3.73 Billion | ▲ +12.3 pp |
| 2006 | 50.6% | Rs4.31 Billion | Rs8.53 Billion | Rs8.42 Billion | Rs4.10 Billion | ▼ -1.4 pp |
| 2005 | 52.0% | Rs3.97 Billion | Rs7.64 Billion | Rs7.53 Billion | Rs3.56 Billion | — |