Firstsource Solutions Limited Working Capital to Net Assets Ratio
Firstsource Solutions Limited working capital to net assets ratio. Firstsource Solutions Limited (FSL) has a Working Capital to Net Assets ratio of -6.3% as of December 2025. Working capital of Rs-2.83 Billion (current assets of Rs26.39 Billion minus current liabilities of Rs29.22 Billion) is measured against net assets of Rs44.96 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Firstsource Solutions Limited to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Firstsource Solutions Limited (2005–2025)
Working capital to net assets ratio of Firstsource Solutions Limited from 2005 to 2025. This chart shows how Firstsource Solutions Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at -6.3%, reflecting working capital of Rs-2.83 Billion against net assets of Rs44.96 Billion INR. See FSL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Firstsource Solutions Limited Working Capital to Net Assets Ratio by Year (2005–2025)
Firstsource Solutions Limited working capital to net assets ratio by year from 2005 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Firstsource Solutions 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 the complete balance sheet picture, see Firstsource Solutions Limited total assets.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.0% | Rs-2.05 Billion | Rs40.98 Billion | Rs22.24 Billion | Rs24.29 Billion | ▼ -2.2 pp |
| 2024 | -2.8% | Rs-1.03 Billion | Rs37.01 Billion | Rs15.37 Billion | Rs16.41 Billion | ▲ +1.7 pp |
| 2023 | -4.5% | Rs-1.51 Billion | Rs33.67 Billion | Rs14.08 Billion | Rs15.60 Billion | ▼ -0.7 pp |
| 2022 | -3.8% | Rs-1.14 Billion | Rs30.33 Billion | Rs14.21 Billion | Rs15.35 Billion | ▲ +2.3 pp |
| 2021 | -6.1% | Rs-1.70 Billion | Rs28.00 Billion | Rs12.31 Billion | Rs14.02 Billion | ▲ +2.1 pp |
| 2020 | -8.2% | Rs-2.27 Billion | Rs27.66 Billion | Rs11.04 Billion | Rs13.31 Billion | ▼ -6.2 pp |
| 2019 | -2.0% | Rs-542.36 Million | Rs27.21 Billion | Rs8.40 Billion | Rs8.95 Billion | ▲ +6.2 pp |
| 2018 | -8.2% | Rs-1.93 Billion | Rs23.53 Billion | Rs7.89 Billion | Rs9.83 Billion | ▼ -6.6 pp |
| 2017 | -1.6% | Rs-334.55 Million | Rs20.29 Billion | Rs7.83 Billion | Rs8.16 Billion | ▼ -2.4 pp |
| 2016 | 0.8% | Rs185.96 Million | Rs24.27 Billion | Rs7.88 Billion | Rs7.70 Billion | ▲ +6.8 pp |
| 2015 | -6.0% | Rs-1.26 Billion | Rs20.90 Billion | Rs7.44 Billion | Rs8.70 Billion | ▼ -0.7 pp |
| 2014 | -5.4% | Rs-1.12 Billion | Rs20.93 Billion | Rs7.48 Billion | Rs8.61 Billion | ▼ -2.5 pp |
| 2013 | -2.9% | Rs-489.00 Million | Rs17.15 Billion | Rs6.54 Billion | Rs7.03 Billion | ▲ +13.4 pp |
| 2012 | -16.3% | Rs-2.33 Billion | Rs14.31 Billion | Rs12.63 Billion | Rs14.96 Billion | ▼ -52.5 pp |
| 2011 | 36.2% | Rs5.15 Billion | Rs14.23 Billion | Rs8.36 Billion | Rs3.21 Billion | ▲ +6.5 pp |
| 2010 | 29.7% | Rs4.25 Billion | Rs14.29 Billion | Rs6.51 Billion | Rs2.26 Billion | ▲ +11.7 pp |
| 2009 | 18.0% | Rs2.50 Billion | Rs13.85 Billion | Rs5.14 Billion | Rs2.64 Billion | ▲ +38.5 pp |
| 2008 | -20.5% | Rs-1.52 Billion | Rs7.44 Billion | Rs4.53 Billion | Rs6.05 Billion | ▼ -60.7 pp |
| 2007 | 40.3% | Rs4.31 Billion | Rs10.71 Billion | Rs5.68 Billion | Rs1.37 Billion | ▲ +30.1 pp |
| 2006 | 10.1% | Rs443.61 Million | Rs4.37 Billion | Rs1.63 Billion | Rs1.19 Billion | ▲ +6.1 pp |
| 2005 | 4.0% | Rs165.73 Million | Rs4.12 Billion | Rs1.21 Billion | Rs1.04 Billion | — |