ITC Limited (ITC) — Working Capital to Net Assets Ratio
ITC Limited (ITC) has a Working Capital to Net Assets ratio of 44.3% as of September 2025. Working capital of Rs317.42 Billion (current assets of Rs472.78 Billion minus current liabilities of Rs155.37 Billion) is measured against net assets of Rs715.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of ITC Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ITC Limited Working Capital to Net Assets (2004–2025)
This chart shows how ITC Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 44.3%, reflecting working capital of Rs317.42 Billion against net assets of Rs715.95 Billion INR. Check ITC Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for ITC Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ITC 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 ITC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 42.0% | Rs295.59 Billion | Rs703.98 Billion | Rs438.93 Billion | Rs143.34 Billion | ▲ +5.4 pp |
| 2024 | 36.6% | Rs273.75 Billion | Rs748.90 Billion | Rs410.66 Billion | Rs136.90 Billion | ▼ -0.7 pp |
| 2023 | 37.3% | Rs259.31 Billion | Rs695.39 Billion | Rs396.71 Billion | Rs137.39 Billion | ▲ +2.2 pp |
| 2022 | 35.1% | Rs220.69 Billion | Rs628.22 Billion | Rs342.32 Billion | Rs121.64 Billion | ▼ -4.9 pp |
| 2021 | 40.0% | Rs243.02 Billion | Rs606.94 Billion | Rs349.92 Billion | Rs106.90 Billion | ▼ -5.6 pp |
| 2020 | 45.6% | Rs299.46 Billion | Rs656.51 Billion | Rs395.05 Billion | Rs95.60 Billion | ▲ +9.1 pp |
| 2019 | 36.5% | Rs217.35 Billion | Rs594.84 Billion | Rs317.47 Billion | Rs100.12 Billion | ▲ +4.1 pp |
| 2018 | 32.4% | Rs171.43 Billion | Rs528.45 Billion | Rs263.94 Billion | Rs92.50 Billion | ▼ -8.6 pp |
| 2017 | 41.0% | Rs191.48 Billion | Rs467.08 Billion | Rs262.69 Billion | Rs71.21 Billion | ▲ +9.2 pp |
| 2016 | 31.7% | Rs108.66 Billion | Rs342.27 Billion | Rs258.11 Billion | Rs149.45 Billion | ▼ -10.2 pp |
| 2015 | 42.0% | Rs134.14 Billion | Rs319.61 Billion | Rs255.74 Billion | Rs121.60 Billion | ▲ +3.0 pp |
| 2014 | 39.0% | Rs106.95 Billion | Rs274.40 Billion | Rs225.81 Billion | Rs118.86 Billion | ▲ +2.4 pp |
| 2013 | 36.6% | Rs85.40 Billion | Rs233.38 Billion | Rs190.66 Billion | Rs105.26 Billion | ▲ +3.5 pp |
| 2012 | 33.1% | Rs64.97 Billion | Rs196.16 Billion | Rs158.01 Billion | Rs93.04 Billion | ▲ +20.2 pp |
| 2011 | 12.9% | Rs21.46 Billion | Rs166.03 Billion | Rs109.63 Billion | Rs88.17 Billion | ▲ +8.3 pp |
| 2010 | 4.6% | Rs6.78 Billion | Rs145.85 Billion | Rs90.02 Billion | Rs83.24 Billion | ▼ -20.4 pp |
| 2009 | 25.0% | Rs35.45 Billion | Rs141.58 Billion | Rs85.12 Billion | Rs49.67 Billion | ▲ +2.9 pp |
| 2008 | 22.1% | Rs27.42 Billion | Rs124.01 Billion | Rs73.34 Billion | Rs45.93 Billion | ▼ -5.3 pp |
| 2007 | 27.4% | Rs29.44 Billion | Rs107.54 Billion | Rs69.35 Billion | Rs39.91 Billion | ▲ +5.7 pp |
| 2006 | 21.7% | Rs20.16 Billion | Rs93.03 Billion | Rs56.56 Billion | Rs36.40 Billion | ▲ +10.3 pp |
| 2005 | 11.4% | Rs9.13 Billion | Rs80.03 Billion | Rs40.26 Billion | Rs31.14 Billion | ▲ +11.0 pp |
| 2004 | 0.4% | Rs268.10 Million | Rs65.67 Billion | Rs36.39 Billion | Rs36.12 Billion | — |