Subex Limited (SUBEXLTD) — Working Capital to Net Assets Ratio
Subex Limited (SUBEXLTD) has a Working Capital to Net Assets ratio of 52.3% as of March 2026. Working capital of Rs1.79 Billion (current assets of Rs2.88 Billion minus current liabilities of Rs1.09 Billion) is measured against net assets of Rs3.43 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Subex 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
Subex Limited Working Capital to Net Assets (2005–2026)
This chart shows how Subex Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the ratio stands at 52.3%, reflecting working capital of Rs1.79 Billion against net assets of Rs3.43 Billion INR. For the complete balance sheet picture, see balance sheet size of Subex Limited.
Annual Working Capital to Net Assets for Subex Limited (2005–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Subex Limited from 2005 to 2026, covering 22 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 SUBEXLTD financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 52.3% | Rs1.79 Billion | Rs3.43 Billion | Rs2.88 Billion | Rs1.09 Billion | ▲ +15.0 pp |
| 2025 | 37.2% | Rs1.13 Billion | Rs3.04 Billion | Rs2.14 Billion | Rs1.01 Billion | ▼ -6.4 pp |
| 2024 | 43.6% | Rs1.46 Billion | Rs3.34 Billion | Rs2.50 Billion | Rs1.05 Billion | ▲ +10.0 pp |
| 2023 | 33.7% | Rs1.76 Billion | Rs5.22 Billion | Rs2.61 Billion | Rs857.70 Million | ▼ -5.5 pp |
| 2022 | 39.1% | Rs2.21 Billion | Rs5.64 Billion | Rs2.97 Billion | Rs759.70 Million | ▼ -0.1 pp |
| 2021 | 39.2% | Rs2.15 Billion | Rs5.49 Billion | Rs3.12 Billion | Rs967.20 Million | ▲ +9.5 pp |
| 2020 | 29.7% | Rs1.53 Billion | Rs5.15 Billion | Rs2.43 Billion | Rs897.20 Million | ▲ +17.2 pp |
| 2019 | 12.5% | Rs991.60 Million | Rs7.94 Billion | Rs1.79 Billion | Rs800.60 Million | ▲ +2.5 pp |
| 2018 | 10.0% | Rs780.30 Million | Rs7.79 Billion | Rs1.85 Billion | Rs1.07 Billion | ▲ +12.9 pp |
| 2017 | -2.9% | Rs-200.88 Million | Rs6.84 Billion | Rs2.50 Billion | Rs2.70 Billion | ▲ +0.8 pp |
| 2016 | -3.8% | Rs-273.64 Million | Rs7.27 Billion | Rs2.36 Billion | Rs2.64 Billion | ▼ -1.3 pp |
| 2015 | -2.5% | Rs-52.34 Million | Rs2.09 Billion | Rs2.44 Billion | Rs2.49 Billion | ▲ +33.9 pp |
| 2014 | -36.4% | Rs-632.24 Million | Rs1.74 Billion | Rs1.94 Billion | Rs2.57 Billion | ▲ +20.8 pp |
| 2013 | -57.2% | Rs-1.29 Billion | Rs2.25 Billion | Rs1.86 Billion | Rs3.15 Billion | ▲ +460.4 pp |
| 2012 | -517.6% | Rs-7.48 Billion | Rs1.45 Billion | Rs2.01 Billion | Rs9.49 Billion | ▼ -458.0 pp |
| 2011 | -59.6% | Rs-1.25 Billion | Rs2.09 Billion | Rs1.94 Billion | Rs3.19 Billion | ▼ -7.3 pp |
| 2010 | -52.2% | Rs-1.50 Billion | Rs2.88 Billion | Rs1.53 Billion | Rs3.03 Billion | ▼ -32.7 pp |
| 2009 | -19.5% | Rs-976.09 Million | Rs5.01 Billion | Rs2.10 Billion | Rs3.07 Billion | ▼ -32.4 pp |
| 2008 | 12.9% | Rs971.81 Million | Rs7.54 Billion | Rs2.62 Billion | Rs1.65 Billion | ▼ -9.1 pp |
| 2007 | 22.0% | Rs1.85 Billion | Rs8.41 Billion | Rs2.79 Billion | Rs938.04 Million | ▼ -39.3 pp |
| 2006 | 61.3% | Rs1.11 Billion | Rs1.81 Billion | Rs1.44 Billion | Rs330.60 Million | ▼ -8.6 pp |
| 2005 | 69.9% | Rs867.64 Million | Rs1.24 Billion | Rs1.07 Billion | Rs200.44 Million | — |