Larsen & Toubro Limited (LT) — Working Capital to Net Assets Ratio
Larsen & Toubro Limited (LT) has a Working Capital to Net Assets ratio of 69.5% as of December 2025. Working capital of Rs43.79 Billion (current assets of Rs73.91 Billion minus current liabilities of Rs30.11 Billion) is measured against net assets of Rs63.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See LT equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Larsen & Toubro Limited Working Capital to Net Assets (2002–2025)
This chart shows how Larsen & Toubro Limited's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 69.5%, reflecting working capital of Rs43.79 Billion against net assets of Rs63.01 Billion INR. Check Larsen & Toubro Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Larsen & Toubro Limited (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Larsen & Toubro Limited from 2002 to 2025, covering 24 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) |
|---|---|---|---|---|---|---|
| 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 | — |