TCI Express Limited (TCIEXP) — Working Capital to Net Assets Ratio
TCI Express Limited (TCIEXP) has a Working Capital to Net Assets ratio of 39.6% as of September 2025. Working capital of Rs3.20 Billion (current assets of Rs4.54 Billion minus current liabilities of Rs1.34 Billion) is measured against net assets of Rs8.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TCI Express Limited balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TCI Express Limited Working Capital to Net Assets (2014–2025)
This chart shows how TCI Express Limited's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of September 2025, the ratio stands at 39.6%, reflecting working capital of Rs3.20 Billion against net assets of Rs8.07 Billion INR. Check TCI Express Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TCI Express Limited (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TCI Express Limited from 2014 to 2025, covering 12 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 TCIEXP market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 38.8% | Rs2.96 Billion | Rs7.64 Billion | Rs4.31 Billion | Rs1.35 Billion | ▲ +2.8 pp |
| 2024 | 35.9% | Rs2.53 Billion | Rs7.04 Billion | Rs3.82 Billion | Rs1.29 Billion | ▲ +6.6 pp |
| 2023 | 29.4% | Rs1.75 Billion | Rs5.96 Billion | Rs2.99 Billion | Rs1.24 Billion | ▼ -11.2 pp |
| 2022 | 40.6% | Rs2.17 Billion | Rs5.36 Billion | Rs3.30 Billion | Rs1.13 Billion | ▲ +1.5 pp |
| 2021 | 39.1% | Rs1.70 Billion | Rs4.34 Billion | Rs2.76 Billion | Rs1.06 Billion | ▼ -0.7 pp |
| 2020 | 39.7% | Rs1.34 Billion | Rs3.37 Billion | Rs2.22 Billion | Rs881.00 Million | ▲ +6.4 pp |
| 2019 | 33.3% | Rs890.90 Million | Rs2.67 Billion | Rs1.93 Billion | Rs1.04 Billion | ▲ +11.3 pp |
| 2018 | 22.0% | Rs456.00 Million | Rs2.07 Billion | Rs1.77 Billion | Rs1.31 Billion | ▼ -11.1 pp |
| 2017 | 33.2% | Rs530.88 Million | Rs1.60 Billion | Rs1.42 Billion | Rs889.11 Million | ▼ -7.7 pp |
| 2016 | 40.9% | Rs502.57 Million | Rs1.23 Billion | Rs1.23 Billion | Rs725.85 Million | ▼ -49.7 pp |
| 2015 | 90.6% | Rs411.43K | Rs454.25K | Rs418.34K | Rs6.91K | ▲ +0.1 pp |
| 2014 | 90.5% | Rs408.54K | Rs451.36K | Rs414.15K | Rs5.62K | — |