HCL Technologies Limited (HCLTECH) — Working Capital to Net Assets Ratio
HCL Technologies Limited (HCLTECH) has a Working Capital to Net Assets ratio of 58.0% as of December 2025. Working capital of Rs423.27 Billion (current assets of Rs698.67 Billion minus current liabilities of Rs275.40 Billion) is measured against net assets of Rs729.27 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is HCL Technologies Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
HCL Technologies Limited Working Capital to Net Assets (2004–2025)
This chart shows how HCL Technologies Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 58.0%, reflecting working capital of Rs423.27 Billion against net assets of Rs729.27 Billion INR. Check HCLTECH tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for HCL Technologies Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for HCL Technologies Limited from 2004 to 2025, covering 22 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 HCLTECH market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 47.9% | Rs333.28 Billion | Rs696.27 Billion | Rs613.58 Billion | Rs280.30 Billion | ▼ -5.7 pp |
| 2024 | 53.6% | Rs365.71 Billion | Rs682.10 Billion | Rs592.86 Billion | Rs227.14 Billion | ▲ +4.5 pp |
| 2023 | 49.1% | Rs321.36 Billion | Rs654.07 Billion | Rs535.60 Billion | Rs214.24 Billion | ▲ +1.9 pp |
| 2022 | 47.2% | Rs293.29 Billion | Rs621.37 Billion | Rs481.48 Billion | Rs188.19 Billion | ▲ +4.5 pp |
| 2021 | 42.7% | Rs257.06 Billion | Rs601.69 Billion | Rs431.25 Billion | Rs174.18 Billion | ▲ +14.5 pp |
| 2020 | 28.3% | Rs147.06 Billion | Rs520.56 Billion | Rs383.09 Billion | Rs236.03 Billion | ▼ -13.1 pp |
| 2019 | 41.3% | Rs175.27 Billion | Rs423.94 Billion | Rs298.35 Billion | Rs123.09 Billion | ▲ +2.1 pp |
| 2018 | 39.3% | Rs144.36 Billion | Rs367.44 Billion | Rs245.03 Billion | Rs100.67 Billion | ▼ -5.9 pp |
| 2017 | 45.2% | Rs151.16 Billion | Rs334.55 Billion | Rs264.30 Billion | Rs113.14 Billion | ▼ -9.1 pp |
| 2016 | 54.3% | Rs152.26 Billion | Rs280.29 Billion | Rs249.91 Billion | Rs97.64 Billion | ▼ -0.4 pp |
| 2015 | 54.8% | Rs135.52 Billion | Rs247.51 Billion | Rs231.39 Billion | Rs95.87 Billion | ▲ +0.4 pp |
| 2014 | 54.3% | Rs108.97 Billion | Rs200.51 Billion | Rs198.02 Billion | Rs89.06 Billion | ▲ +9.8 pp |
| 2013 | 44.5% | Rs3.82 Trillion | Rs8.58 Trillion | Rs7.84 Trillion | Rs4.02 Trillion | ▲ +18.7 pp |
| 2012 | 25.8% | Rs25.42 Billion | Rs98.39 Billion | Rs90.95 Billion | Rs65.53 Billion | ▼ -8.0 pp |
| 2011 | 33.9% | Rs25.93 Billion | Rs76.57 Billion | Rs66.57 Billion | Rs40.64 Billion | ▼ -3.7 pp |
| 2010 | 37.5% | Rs23.61 Billion | Rs62.93 Billion | Rs59.47 Billion | Rs35.86 Billion | ▼ -4.1 pp |
| 2009 | 41.7% | Rs20.60 Billion | Rs49.46 Billion | Rs58.62 Billion | Rs38.01 Billion | ▲ +16.9 pp |
| 2008 | 24.8% | Rs10.38 Billion | Rs41.88 Billion | Rs36.00 Billion | Rs25.61 Billion | ▼ -9.5 pp |
| 2007 | 34.3% | Rs14.02 Billion | Rs40.84 Billion | Rs25.63 Billion | Rs11.60 Billion | ▲ +13.4 pp |
| 2006 | 20.9% | Rs6.51 Billion | Rs31.15 Billion | Rs15.74 Billion | Rs9.23 Billion | ▲ +7.6 pp |
| 2005 | 13.3% | Rs4.60 Billion | Rs34.54 Billion | Rs11.44 Billion | Rs6.85 Billion | ▼ -62.1 pp |
| 2004 | 75.4% | Rs23.07 Billion | Rs30.60 Billion | Rs28.81 Billion | Rs5.74 Billion | — |