Spencer's Retail Limited (SPENCERS) — Working Capital to Net Assets Ratio
Spencer's Retail Limited (SPENCERS) has a Working Capital to Net Assets ratio of 98.1% as of March 2026. Working capital of Rs-8.96 Billion (current assets of Rs3.16 Billion minus current liabilities of Rs12.12 Billion) is measured against net assets of Rs-9.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Spencer's Retail Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spencer's Retail Limited Working Capital to Net Assets (2018–2026)
This chart shows how Spencer's Retail Limited's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2018 to 2026. As of March 2026, the ratio stands at 98.1%, reflecting working capital of Rs-8.96 Billion against net assets of Rs-9.13 Billion INR. See SPENCERS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Spencer's Retail Limited (2018–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spencer's Retail Limited from 2018 to 2026, covering 9 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 SPENCERS market cap overview.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 98.1% | Rs-8.96 Billion | Rs-9.13 Billion | Rs3.16 Billion | Rs12.12 Billion | ▼ -11.4 pp |
| 2025 | 109.6% | Rs-7.25 Billion | Rs-6.62 Billion | Rs2.52 Billion | Rs9.77 Billion | ▼ -35.1 pp |
| 2024 | 144.7% | Rs-6.02 Billion | Rs-4.16 Billion | Rs3.74 Billion | Rs9.75 Billion | ▼ -184.0 pp |
| 2023 | 328.7% | Rs-4.95 Billion | Rs-1.50 Billion | Rs3.64 Billion | Rs8.59 Billion | ▲ +906.8 pp |
| 2022 | -578.2% | Rs-3.58 Billion | Rs618.57 Million | Rs3.61 Billion | Rs7.19 Billion | ▼ -431.0 pp |
| 2021 | -147.2% | Rs-2.74 Billion | Rs1.86 Billion | Rs3.88 Billion | Rs6.62 Billion | ▼ -71.2 pp |
| 2020 | -76.0% | Rs-2.08 Billion | Rs2.74 Billion | Rs4.29 Billion | Rs6.38 Billion | ▼ -115.4 pp |
| 2019 | 39.4% | Rs2.16 Billion | Rs5.48 Billion | Rs5.72 Billion | Rs3.56 Billion | ▲ +23.0 pp |
| 2018 | 16.4% | Rs896.01 Million | Rs5.47 Billion | Rs4.07 Billion | Rs3.17 Billion | — |