S. P. Apparels Limited (SPAL) — Working Capital to Net Assets Ratio
S. P. Apparels Limited (SPAL) has a Working Capital to Net Assets ratio of 21.7% as of September 2025. Working capital of Rs1.94 Billion (current assets of Rs7.20 Billion minus current liabilities of Rs5.26 Billion) is measured against net assets of Rs8.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See S. P. Apparels Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
S. P. Apparels Limited Working Capital to Net Assets (2011–2025)
This chart shows how S. P. Apparels Limited's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of September 2025, the ratio stands at 21.7%, reflecting working capital of Rs1.94 Billion against net assets of Rs8.92 Billion INR. For the complete balance sheet picture, see S. P. Apparels Limited (SPAL) total assets.
Annual Working Capital to Net Assets for S. P. Apparels Limited (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for S. P. Apparels Limited from 2011 to 2025, covering 15 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. Check SPAL asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.3% | Rs2.32 Billion | Rs8.50 Billion | Rs7.41 Billion | Rs5.09 Billion | ▼ -10.4 pp |
| 2024 | 37.8% | Rs2.86 Billion | Rs7.57 Billion | Rs6.01 Billion | Rs3.15 Billion | ▲ +5.6 pp |
| 2023 | 32.2% | Rs2.15 Billion | Rs6.67 Billion | Rs5.65 Billion | Rs3.51 Billion | ▼ -7.5 pp |
| 2022 | 39.7% | Rs2.51 Billion | Rs6.31 Billion | Rs5.67 Billion | Rs3.17 Billion | ▲ +8.2 pp |
| 2021 | 31.5% | Rs1.74 Billion | Rs5.52 Billion | Rs4.36 Billion | Rs2.62 Billion | ▲ +2.9 pp |
| 2020 | 28.6% | Rs1.48 Billion | Rs5.17 Billion | Rs4.29 Billion | Rs2.81 Billion | ▼ -3.4 pp |
| 2019 | 32.0% | Rs1.53 Billion | Rs4.77 Billion | Rs4.86 Billion | Rs3.33 Billion | ▼ -5.8 pp |
| 2018 | 37.8% | Rs1.48 Billion | Rs3.91 Billion | Rs4.83 Billion | Rs3.36 Billion | ▲ +2.4 pp |
| 2017 | 35.4% | Rs1.36 Billion | Rs3.83 Billion | Rs3.69 Billion | Rs2.34 Billion | ▲ +93.7 pp |
| 2016 | -58.3% | Rs-739.70 Million | Rs1.27 Billion | Rs2.51 Billion | Rs3.25 Billion | ▲ +25.4 pp |
| 2015 | -83.7% | Rs-949.60 Million | Rs1.13 Billion | Rs2.21 Billion | Rs3.16 Billion | ▲ +30.3 pp |
| 2014 | -114.0% | Rs-1.02 Billion | Rs894.08 Million | Rs2.25 Billion | Rs3.27 Billion | ▲ +47.7 pp |
| 2013 | -161.7% | Rs-1.22 Billion | Rs757.01 Million | Rs2.20 Billion | Rs3.43 Billion | ▼ -38.3 pp |
| 2012 | -123.3% | Rs-908.63 Million | Rs736.70 Million | Rs2.22 Billion | Rs3.13 Billion | ▲ +66.7 pp |
| 2011 | -190.0% | Rs-837.62 Million | Rs440.77 Million | Rs1.90 Billion | Rs2.74 Billion | — |