Ice Make Refrigeration Limited (ICEMAKE) — Working Capital to Net Assets Ratio
Ice Make Refrigeration Limited (ICEMAKE) has a Working Capital to Net Assets ratio of 34.7% as of September 2025. Working capital of Rs418.55 Million (current assets of Rs2.70 Billion minus current liabilities of Rs2.28 Billion) is measured against net assets of Rs1.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Ice Make Refrigeration Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ice Make Refrigeration Limited Working Capital to Net Assets (2013–2025)
This chart shows how Ice Make Refrigeration Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at 34.7%, reflecting working capital of Rs418.55 Million against net assets of Rs1.21 Billion INR. Check ICEMAKE tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Ice Make Refrigeration Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ice Make Refrigeration Limited from 2013 to 2025, covering 13 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 Ice Make Refrigeration Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 25.9% | Rs320.34 Million | Rs1.24 Billion | Rs2.22 Billion | Rs1.90 Billion | ▼ -30.6 pp |
| 2024 | 56.5% | Rs588.32 Million | Rs1.04 Billion | Rs1.40 Billion | Rs812.96 Million | ▼ -6.4 pp |
| 2023 | 63.0% | Rs510.75 Million | Rs811.26 Million | Rs1.24 Billion | Rs728.15 Million | ▲ +10.2 pp |
| 2022 | 52.7% | Rs325.30 Million | Rs616.81 Million | Rs903.17 Million | Rs577.88 Million | ▲ +4.8 pp |
| 2021 | 48.0% | Rs270.07 Million | Rs563.16 Million | Rs732.09 Million | Rs462.01 Million | ▲ +2.6 pp |
| 2020 | 45.3% | Rs241.37 Million | Rs532.70 Million | Rs695.24 Million | Rs453.87 Million | ▼ -9.2 pp |
| 2019 | 54.6% | Rs273.18 Million | Rs500.71 Million | Rs587.45 Million | Rs314.27 Million | ▼ -17.1 pp |
| 2018 | 71.7% | Rs319.77 Million | Rs445.96 Million | Rs665.18 Million | Rs345.41 Million | ▲ +8.7 pp |
| 2017 | 63.0% | Rs98.11 Million | Rs155.74 Million | Rs438.00 Million | Rs339.89 Million | ▼ -9.2 pp |
| 2016 | 72.2% | Rs74.92 Million | Rs103.80 Million | Rs297.42 Million | Rs222.50 Million | ▲ +7.9 pp |
| 2015 | 64.3% | Rs49.73 Million | Rs77.36 Million | Rs243.45 Million | Rs193.72 Million | ▲ +4.5 pp |
| 2014 | 59.8% | Rs40.69 Million | Rs68.02 Million | Rs203.72 Million | Rs163.03 Million | ▲ +20.7 pp |
| 2013 | 39.1% | Rs18.08 Million | Rs46.22 Million | Rs149.10 Million | Rs131.03 Million | — |