United Spirits Limited Working Capital to Net Assets Ratio
United Spirits Limited working capital to net assets ratio. United Spirits Limited (MCDOWELL-N) has a Working Capital to Net Assets ratio of 60.5% as of March 2026. Working capital of Rs54.18 Billion (current assets of Rs105.63 Billion minus current liabilities of Rs51.45 Billion) is measured against net assets of Rs89.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check United Spirits Limited tangible net worth ratio 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 United Spirits Limited (2004–2026)
Working capital to net assets ratio of United Spirits Limited from 2004 to 2026. This chart shows how United Spirits Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 60.5%, reflecting working capital of Rs54.18 Billion against net assets of Rs89.57 Billion INR. See United Spirits Limited (MCDOWELL-N) liquidity interval to measure how many days the company can operate on defensive assets alone.
United Spirits Limited Working Capital to Net Assets Ratio by Year (2004–2026)
United Spirits Limited working capital to net assets ratio by year from 2004 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for United Spirits Limited from 2004 to 2026, covering 23 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 MCDOWELL-N asset base.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 60.5% | Rs54.18 Billion | Rs89.57 Billion | Rs105.63 Billion | Rs51.45 Billion | ▲ +5.2 pp |
| 2025 | 55.3% | Rs44.80 Billion | Rs81.04 Billion | Rs92.02 Billion | Rs47.22 Billion | ▲ +6.5 pp |
| 2024 | 48.8% | Rs34.74 Billion | Rs71.21 Billion | Rs73.77 Billion | Rs39.03 Billion | ▲ +5.3 pp |
| 2023 | 43.5% | Rs26.10 Billion | Rs59.99 Billion | Rs62.35 Billion | Rs36.24 Billion | ▲ +16.3 pp |
| 2022 | 27.2% | Rs13.25 Billion | Rs48.75 Billion | Rs51.63 Billion | Rs38.38 Billion | ▲ +15.7 pp |
| 2021 | 11.5% | Rs4.65 Billion | Rs40.59 Billion | Rs48.03 Billion | Rs43.38 Billion | ▲ +14.8 pp |
| 2020 | -3.3% | Rs-1.24 Billion | Rs36.87 Billion | Rs48.70 Billion | Rs49.94 Billion | ▼ -5.8 pp |
| 2019 | 2.5% | Rs760.00 Million | Rs30.87 Billion | Rs52.64 Billion | Rs51.88 Billion | ▲ +10.2 pp |
| 2018 | -7.7% | Rs-1.88 Billion | Rs24.33 Billion | Rs55.20 Billion | Rs57.08 Billion | ▲ +24.4 pp |
| 2017 | -32.2% | Rs-5.74 Billion | Rs17.83 Billion | Rs56.25 Billion | Rs61.99 Billion | ▼ -9.5 pp |
| 2016 | -22.6% | Rs-4.05 Billion | Rs17.90 Billion | Rs55.06 Billion | Rs59.11 Billion | ▲ +137.8 pp |
| 2015 | -160.5% | Rs-10.60 Billion | Rs6.60 Billion | Rs48.63 Billion | Rs59.23 Billion | ▼ -47.1 pp |
| 2014 | -113.4% | Rs-34.39 Billion | Rs30.33 Billion | Rs69.87 Billion | Rs104.26 Billion | ▼ -102.1 pp |
| 2013 | -11.3% | Rs-5.43 Billion | Rs47.98 Billion | Rs59.33 Billion | Rs64.76 Billion | ▼ -21.6 pp |
| 2012 | 10.3% | Rs4.81 Billion | Rs46.76 Billion | Rs60.73 Billion | Rs55.92 Billion | ▼ -89.2 pp |
| 2011 | 99.5% | Rs41.74 Billion | Rs41.96 Billion | Rs61.84 Billion | Rs20.10 Billion | ▲ +55.8 pp |
| 2010 | 43.6% | Rs16.50 Billion | Rs37.82 Billion | Rs49.58 Billion | Rs33.08 Billion | ▼ -59.4 pp |
| 2009 | 103.0% | Rs24.64 Billion | Rs23.92 Billion | Rs41.11 Billion | Rs16.46 Billion | ▲ +1.1 pp |
| 2008 | 101.9% | Rs23.20 Billion | Rs22.76 Billion | Rs34.71 Billion | Rs11.51 Billion | ▲ +26.2 pp |
| 2007 | 75.7% | Rs11.67 Billion | Rs15.40 Billion | Rs18.93 Billion | Rs7.26 Billion | ▲ +3.2 pp |
| 2006 | 72.5% | Rs7.04 Billion | Rs9.70 Billion | Rs14.41 Billion | Rs7.38 Billion | ▼ -217.8 pp |
| 2005 | 290.3% | Rs8.16 Billion | Rs2.81 Billion | Rs12.03 Billion | Rs3.87 Billion | ▲ +179.6 pp |
| 2004 | 110.8% | Rs3.05 Billion | Rs2.76 Billion | Rs5.84 Billion | Rs2.79 Billion | — |