Larsen & Toubro Limited (LT) — Working Capital to Net Assets Ratio
Larsen & Toubro Limited (LT) has a Working Capital to Net Assets ratio of 46.1% as of March 2026. Working capital of Rs593.10 Billion (current assets of Rs2.93 Trillion minus current liabilities of Rs2.34 Trillion) is measured against net assets of Rs1.29 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Larsen & Toubro Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Larsen & Toubro Limited Working Capital to Net Assets (2002–2026)
This chart shows how Larsen & Toubro Limited's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2002 to 2026. As of March 2026, the ratio stands at 46.1%, reflecting working capital of Rs593.10 Billion against net assets of Rs1.29 Trillion INR. See LT defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Larsen & Toubro Limited (2002–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Larsen & Toubro Limited from 2002 to 2026, covering 25 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 Larsen & Toubro Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 46.1% | Rs593.10 Billion | Rs1.29 Trillion | Rs2.93 Trillion | Rs2.34 Trillion | ▲ +8.6 pp |
| 2025 | 37.6% | Rs433.71 Billion | Rs1.15 Trillion | Rs2.45 Trillion | Rs2.02 Trillion | ▼ -2.9 pp |
| 2024 | 40.4% | Rs414.79 Billion | Rs1.03 Trillion | Rs2.18 Trillion | Rs1.77 Trillion | ▼ -17.6 pp |
| 2023 | 58.1% | Rs601.38 Billion | Rs1.04 Trillion | Rs2.22 Trillion | Rs1.62 Trillion | ▲ +7.0 pp |
| 2022 | 51.1% | Rs487.48 Billion | Rs953.74 Billion | Rs2.08 Trillion | Rs1.59 Trillion | ▼ -14.4 pp |
| 2021 | 65.5% | Rs575.59 Billion | Rs879.20 Billion | Rs1.95 Trillion | Rs1.37 Trillion | ▲ +15.7 pp |
| 2020 | 49.8% | Rs379.61 Billion | Rs762.44 Billion | Rs1.83 Trillion | Rs1.45 Trillion | ▲ +3.0 pp |
| 2019 | 46.8% | Rs323.95 Billion | Rs692.01 Billion | Rs1.67 Trillion | Rs1.35 Trillion | ▲ +2.8 pp |
| 2018 | 44.0% | Rs269.65 Billion | Rs612.82 Billion | Rs1.36 Trillion | Rs1.09 Trillion | ▼ -15.8 pp |
| 2017 | 59.8% | Rs321.71 Billion | Rs537.80 Billion | Rs1.22 Trillion | Rs894.38 Billion | ▲ +28.1 pp |
| 2016 | 31.7% | Rs161.00 Billion | Rs507.61 Billion | Rs1.05 Trillion | Rs893.55 Billion | ▼ -5.9 pp |
| 2015 | 37.6% | Rs172.83 Billion | Rs459.08 Billion | Rs949.90 Billion | Rs777.07 Billion | ▼ -4.8 pp |
| 2014 | 42.5% | Rs173.63 Billion | Rs408.91 Billion | Rs861.17 Billion | Rs687.54 Billion | ▼ -17.3 pp |
| 2013 | 59.8% | Rs218.18 Billion | Rs365.13 Billion | Rs756.93 Billion | Rs538.75 Billion | ▲ +2.0 pp |
| 2012 | 57.7% | Rs179.73 Billion | Rs311.40 Billion | Rs641.35 Billion | Rs461.62 Billion | ▲ +23.3 pp |
| 2011 | 34.4% | Rs89.82 Billion | Rs260.77 Billion | Rs394.46 Billion | Rs304.64 Billion | ▲ +2.8 pp |
| 2010 | 31.7% | Rs69.97 Billion | Rs220.79 Billion | Rs307.66 Billion | Rs237.69 Billion | ▼ -8.5 pp |
| 2009 | 40.2% | Rs60.42 Billion | Rs150.46 Billion | Rs268.98 Billion | Rs208.56 Billion | ▲ +0.0 pp |
| 2008 | 40.1% | Rs47.18 Billion | Rs117.54 Billion | Rs256.88 Billion | Rs209.71 Billion | ▼ -11.5 pp |
| 2007 | 51.6% | Rs39.05 Billion | Rs75.67 Billion | Rs167.58 Billion | Rs128.53 Billion | ▼ -27.7 pp |
| 2006 | 79.3% | Rs40.23 Billion | Rs50.71 Billion | Rs116.39 Billion | Rs76.16 Billion | ▼ -39.8 pp |
| 2005 | 119.2% | Rs40.76 Billion | Rs34.21 Billion | Rs101.22 Billion | Rs60.46 Billion | ▲ +40.5 pp |
| 2004 | 78.7% | Rs21.84 Billion | Rs27.75 Billion | Rs68.00 Billion | Rs46.15 Billion | ▲ +14.1 pp |
| 2003 | 64.6% | Rs23.00 Billion | Rs35.63 Billion | Rs61.60 Billion | Rs38.60 Billion | ▼ -7.6 pp |
| 2002 | 72.2% | Rs24.13 Billion | Rs33.44 Billion | Rs53.87 Billion | Rs29.74 Billion | — |