Mahanagar Telephone Nigam Limited (MTNL) — Working Capital to Net Assets Ratio
Mahanagar Telephone Nigam Limited (MTNL) has a Working Capital to Net Assets ratio of 33.8% as of September 2025. Working capital of Rs-97.40 Billion (current assets of Rs48.23 Billion minus current liabilities of Rs145.64 Billion) is measured against net assets of Rs-287.99 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mahanagar Telephone Nigam Limited (MTNL) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mahanagar Telephone Nigam Limited Working Capital to Net Assets (2002–2025)
This chart shows how Mahanagar Telephone Nigam Limited's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of September 2025, the ratio stands at 33.8%, reflecting working capital of Rs-97.40 Billion against net assets of Rs-287.99 Billion INR. See MTNL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mahanagar Telephone Nigam Limited (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mahanagar Telephone Nigam 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 MTNL company net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 28.4% | Rs-76.51 Billion | Rs-269.19 Billion | Rs53.43 Billion | Rs129.94 Billion | ▲ +9.9 pp |
| 2024 | 18.5% | Rs-43.75 Billion | Rs-236.44 Billion | Rs53.91 Billion | Rs97.66 Billion | ▼ -12.9 pp |
| 2023 | 31.4% | Rs-65.44 Billion | Rs-208.55 Billion | Rs57.94 Billion | Rs123.38 Billion | ▼ -10.4 pp |
| 2022 | 41.8% | Rs-78.05 Billion | Rs-186.68 Billion | Rs58.09 Billion | Rs136.14 Billion | ▲ +14.8 pp |
| 2021 | 27.0% | Rs-43.34 Billion | Rs-160.45 Billion | Rs61.82 Billion | Rs105.16 Billion | ▼ -34.8 pp |
| 2020 | 61.8% | Rs-83.93 Billion | Rs-135.82 Billion | Rs85.33 Billion | Rs169.27 Billion | ▲ +2.1 pp |
| 2019 | 59.7% | Rs-58.06 Billion | Rs-97.28 Billion | Rs57.66 Billion | Rs115.72 Billion | ▼ -3.9 pp |
| 2018 | 63.6% | Rs-40.31 Billion | Rs-63.37 Billion | Rs50.24 Billion | Rs90.55 Billion | ▼ -104.4 pp |
| 2017 | 168.0% | Rs-56.68 Billion | Rs-33.74 Billion | Rs49.46 Billion | Rs106.13 Billion | ▲ +55687.7 pp |
| 2016 | -55519.7% | Rs-106.32 Billion | Rs191.50 Million | Rs21.73 Billion | Rs128.06 Billion | ▼ -55135.1 pp |
| 2015 | -384.6% | Rs-79.18 Billion | Rs20.59 Billion | Rs21.75 Billion | Rs100.93 Billion | ▼ -247.1 pp |
| 2014 | -137.6% | Rs-69.37 Billion | Rs50.43 Billion | Rs24.16 Billion | Rs93.53 Billion | ▼ -374.6 pp |
| 2013 | 237.0% | Rs-66.09 Billion | Rs-27.88 Billion | Rs17.26 Billion | Rs83.34 Billion | ▼ -113.4 pp |
| 2012 | 350.4% | Rs-48.71 Billion | Rs-13.90 Billion | Rs15.03 Billion | Rs63.74 Billion | ▲ +506.0 pp |
| 2011 | -155.6% | Rs-43.21 Billion | Rs27.77 Billion | Rs39.07 Billion | Rs82.28 Billion | ▼ -24.0 pp |
| 2010 | -131.6% | Rs-79.86 Billion | Rs60.67 Billion | Rs94.41 Billion | Rs174.27 Billion | ▼ -170.5 pp |
| 2009 | 38.9% | Rs34.52 Billion | Rs88.79 Billion | Rs89.45 Billion | Rs54.93 Billion | ▲ +9.7 pp |
| 2008 | 29.2% | Rs25.76 Billion | Rs88.36 Billion | Rs78.04 Billion | Rs52.28 Billion | ▲ +4.2 pp |
| 2007 | 24.9% | Rs22.21 Billion | Rs89.08 Billion | Rs67.70 Billion | Rs45.49 Billion | ▲ +13.8 pp |
| 2006 | 11.2% | Rs9.00 Billion | Rs80.61 Billion | Rs48.84 Billion | Rs39.84 Billion | ▼ -20.9 pp |
| 2005 | 32.0% | Rs26.72 Billion | Rs83.41 Billion | Rs73.54 Billion | Rs46.81 Billion | ▲ +12.2 pp |
| 2004 | 19.8% | Rs16.01 Billion | Rs80.78 Billion | Rs74.27 Billion | Rs58.26 Billion | ▼ -13.2 pp |
| 2003 | 33.0% | Rs25.21 Billion | Rs76.45 Billion | Rs73.60 Billion | Rs48.39 Billion | ▲ +105.6 pp |
| 2002 | -72.6% | Rs-58.83 Billion | Rs81.03 Billion | Rs19.47 Billion | Rs78.30 Billion | — |