Tata Consultancy Services Limited (TCS) — Working Capital to Net Assets Ratio
Tata Consultancy Services Limited (TCS) has a Working Capital to Net Assets ratio of 74.0% as of December 2025. Working capital of Rs848.08 Billion (current assets of Rs1.42 Trillion minus current liabilities of Rs572.27 Billion) is measured against net assets of Rs1.15 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TCS net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tata Consultancy Services Limited Working Capital to Net Assets (2005–2025)
This chart shows how Tata Consultancy Services Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 74.0%, reflecting working capital of Rs848.08 Billion against net assets of Rs1.15 Trillion INR. Check TCS goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tata Consultancy Services Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tata Consultancy Services Limited from 2005 to 2025, covering 21 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 market cap of Tata Consultancy Services Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 73.1% | Rs700.10 Billion | Rs957.71 Billion | Rs1.23 Trillion | Rs530.01 Billion | ▼ -0.1 pp |
| 2024 | 73.2% | Rs668.80 Billion | Rs913.19 Billion | Rs1.13 Trillion | Rs461.04 Billion | ▲ +0.1 pp |
| 2023 | 73.1% | Rs667.12 Billion | Rs912.06 Billion | Rs1.10 Trillion | Rs435.58 Billion | ▼ -0.3 pp |
| 2022 | 73.4% | Rs659.59 Billion | Rs898.46 Billion | Rs1.08 Trillion | Rs423.51 Billion | ▼ -1.4 pp |
| 2021 | 74.8% | Rs651.25 Billion | Rs871.08 Billion | Rs992.80 Billion | Rs341.55 Billion | ▲ +0.2 pp |
| 2020 | 74.5% | Rs631.77 Billion | Rs847.49 Billion | Rs902.37 Billion | Rs270.60 Billion | ▼ -3.4 pp |
| 2019 | 77.9% | Rs700.47 Billion | Rs898.99 Billion | Rs921.31 Billion | Rs220.84 Billion | ▲ +3.8 pp |
| 2018 | 74.1% | Rs633.96 Billion | Rs855.30 Billion | Rs812.24 Billion | Rs178.28 Billion | ▼ -1.9 pp |
| 2017 | 76.0% | Rs658.04 Billion | Rs865.80 Billion | Rs803.16 Billion | Rs145.12 Billion | ▲ +9.3 pp |
| 2016 | 66.7% | Rs476.44 Billion | Rs714.27 Billion | Rs632.13 Billion | Rs155.69 Billion | ▲ +11.7 pp |
| 2015 | 55.0% | Rs284.95 Billion | Rs517.63 Billion | Rs488.13 Billion | Rs203.18 Billion | ▲ +0.5 pp |
| 2014 | 54.6% | Rs272.27 Billion | Rs499.03 Billion | Rs428.98 Billion | Rs156.70 Billion | ▲ +4.4 pp |
| 2013 | 50.2% | Rs197.34 Billion | Rs393.41 Billion | Rs313.98 Billion | Rs116.65 Billion | ▲ +10.9 pp |
| 2012 | 39.2% | Rs97.90 Billion | Rs249.63 Billion | Rs170.36 Billion | Rs72.46 Billion | ▼ -0.1 pp |
| 2011 | 39.3% | Rs73.95 Billion | Rs188.28 Billion | Rs157.89 Billion | Rs83.94 Billion | ▼ -7.9 pp |
| 2010 | 47.2% | Rs75.44 Billion | Rs159.77 Billion | Rs135.12 Billion | Rs59.68 Billion | ▲ +2.8 pp |
| 2009 | 44.4% | Rs55.53 Billion | Rs125.13 Billion | Rs100.31 Billion | Rs44.77 Billion | ▼ -3.4 pp |
| 2008 | 47.8% | Rs43.31 Billion | Rs90.62 Billion | Rs78.27 Billion | Rs34.95 Billion | ▲ +1.3 pp |
| 2007 | 46.5% | Rs28.67 Billion | Rs61.64 Billion | Rs51.65 Billion | Rs22.98 Billion | ▲ +11.4 pp |
| 2006 | 35.1% | Rs10.01 Billion | Rs28.51 Billion | Rs32.51 Billion | Rs22.50 Billion | ▼ -15.3 pp |
| 2005 | 50.4% | Rs17.97 Billion | Rs35.67 Billion | Rs32.51 Billion | Rs14.54 Billion | — |