Muthoot Microfin Limited (MUTHOOTMF) — Working Capital to Net Assets Ratio
Muthoot Microfin Limited (MUTHOOTMF) has a Working Capital to Net Assets ratio of 406.8% as of March 2026. Working capital of Rs116.12 Billion (current assets of Rs116.34 Billion minus current liabilities of Rs213.75 Million) is measured against net assets of Rs28.54 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Muthoot Microfin Limited leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Muthoot Microfin Limited Working Capital to Net Assets (2019–2025)
This chart shows how Muthoot Microfin Limited's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 406.8%, reflecting working capital of Rs116.12 Billion against net assets of Rs28.54 Billion INR. See Muthoot Microfin Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Muthoot Microfin Limited (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Muthoot Microfin Limited from 2019 to 2025, covering 7 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 Muthoot Microfin Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 41.4% | Rs11.80 Billion | Rs28.54 Billion | Rs12.02 Billion | Rs213.75 Million | ▼ -33.1 pp |
| 2024 | 74.5% | Rs19.60 Billion | Rs26.32 Billion | Rs66.56 Billion | Rs46.97 Billion | ▲ +230.5 pp |
| 2023 | -156.1% | Rs-43.76 Billion | Rs28.04 Billion | Rs9.58 Billion | Rs53.34 Billion | ▼ -239.0 pp |
| 2022 | 82.9% | Rs13.48 Billion | Rs16.26 Billion | Rs53.71 Billion | Rs40.23 Billion | ▼ -14.4 pp |
| 2021 | 97.3% | Rs13.01 Billion | Rs13.37 Billion | Rs38.14 Billion | Rs25.13 Billion | ▲ +29.6 pp |
| 2020 | 67.7% | Rs6.03 Billion | Rs8.90 Billion | Rs28.41 Billion | Rs22.38 Billion | ▼ -58.1 pp |
| 2019 | 125.9% | Rs11.42 Billion | Rs9.07 Billion | Rs11.81 Billion | Rs395.24 Million | — |