ICRA Limited Working Capital to Net Assets Ratio
ICRA Limited working capital to net assets ratio. ICRA Limited (ICRA) has a Working Capital to Net Assets ratio of 92.0% as of September 2025. Working capital of Rs10.05 Billion (current assets of Rs12.11 Billion minus current liabilities of Rs2.07 Billion) is measured against net assets of Rs10.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of ICRA 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 ICRA Limited (2005–2025)
Working capital to net assets ratio of ICRA Limited from 2005 to 2025. This chart shows how ICRA 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 92.0%, reflecting working capital of Rs10.05 Billion against net assets of Rs10.92 Billion INR. See ICRA days of operational coverage to measure how many days the company can operate on defensive assets alone.
ICRA Limited Working Capital to Net Assets Ratio by Year (2005–2025)
ICRA 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 ICRA 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 ICRA current and non-current assets.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 89.9% | Rs9.51 Billion | Rs10.58 Billion | Rs11.28 Billion | Rs1.77 Billion | ▲ +38.5 pp |
| 2024 | 51.4% | Rs5.05 Billion | Rs9.81 Billion | Rs6.56 Billion | Rs1.52 Billion | ▲ +6.0 pp |
| 2023 | 45.4% | Rs4.34 Billion | Rs9.55 Billion | Rs5.65 Billion | Rs1.32 Billion | ▲ +7.6 pp |
| 2022 | 37.8% | Rs3.20 Billion | Rs8.48 Billion | Rs4.36 Billion | Rs1.15 Billion | ▼ -12.0 pp |
| 2021 | 49.8% | Rs3.79 Billion | Rs7.61 Billion | Rs4.95 Billion | Rs1.16 Billion | ▼ -36.1 pp |
| 2020 | 85.9% | Rs6.05 Billion | Rs7.04 Billion | Rs7.20 Billion | Rs1.15 Billion | ▲ +16.6 pp |
| 2019 | 69.3% | Rs4.43 Billion | Rs6.40 Billion | Rs5.64 Billion | Rs1.20 Billion | ▲ +24.4 pp |
| 2018 | 44.9% | Rs2.95 Billion | Rs6.56 Billion | Rs4.02 Billion | Rs1.07 Billion | ▼ -18.6 pp |
| 2017 | 63.5% | Rs3.17 Billion | Rs5.00 Billion | Rs4.23 Billion | Rs1.05 Billion | ▲ +25.4 pp |
| 2016 | 38.1% | Rs1.82 Billion | Rs4.77 Billion | Rs3.19 Billion | Rs1.37 Billion | ▼ -1.9 pp |
| 2015 | 40.0% | Rs1.72 Billion | Rs4.29 Billion | Rs3.01 Billion | Rs1.30 Billion | ▼ -16.1 pp |
| 2014 | 56.1% | Rs2.18 Billion | Rs3.88 Billion | Rs3.17 Billion | Rs992.55 Million | ▲ +35.5 pp |
| 2013 | 20.5% | Rs706.14 Million | Rs3.44 Billion | Rs1.59 Billion | Rs882.37 Million | ▼ -0.1 pp |
| 2012 | 20.7% | Rs622.76 Million | Rs3.02 Billion | Rs1.37 Billion | Rs749.76 Million | ▲ +10.8 pp |
| 2011 | 9.8% | Rs252.39 Million | Rs2.57 Billion | Rs949.88 Million | Rs697.49 Million | ▼ -40.9 pp |
| 2010 | 50.7% | Rs1.12 Billion | Rs2.22 Billion | Rs2.15 Billion | Rs1.03 Billion | ▼ -15.3 pp |
| 2009 | 66.0% | Rs1.25 Billion | Rs1.89 Billion | Rs2.10 Billion | Rs848.94 Million | ▲ +38.5 pp |
| 2008 | 27.5% | Rs450.77 Million | Rs1.64 Billion | Rs973.19 Million | Rs522.42 Million | ▼ -7.4 pp |
| 2007 | 34.9% | Rs515.05 Million | Rs1.47 Billion | Rs28.97 Billion | Rs28.45 Billion | ▲ +24.3 pp |
| 2006 | 10.7% | Rs99.87 Million | Rs936.29 Million | Rs284.32 Million | Rs184.46 Million | ▲ +4.1 pp |
| 2005 | 6.6% | Rs55.03 Million | Rs837.92 Million | Rs196.40 Million | Rs141.37 Million | — |