TRF Limited (TRF) — Working Capital to Net Assets Ratio
TRF Limited (TRF) has a Working Capital to Net Assets ratio of 184.2% as of September 2025. Working capital of Rs1.57 Billion (current assets of Rs2.66 Billion minus current liabilities of Rs1.10 Billion) is measured against net assets of Rs850.89 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of TRF Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TRF Limited Working Capital to Net Assets (2005–2025)
This chart shows how TRF Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 184.2%, reflecting working capital of Rs1.57 Billion against net assets of Rs850.89 Million INR. Check TRF tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TRF Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TRF 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 TRF market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 178.5% | Rs1.49 Billion | Rs834.68 Million | Rs2.70 Billion | Rs1.21 Billion | ▼ -113.7 pp |
| 2024 | 292.2% | Rs1.14 Billion | Rs390.64 Million | Rs2.68 Billion | Rs1.54 Billion | ▼ -82.9 pp |
| 2023 | 375.1% | Rs824.61 Million | Rs219.84 Million | Rs2.69 Billion | Rs1.86 Billion | ▲ +284.7 pp |
| 2022 | 90.4% | Rs-2.66 Billion | Rs-2.94 Billion | Rs2.96 Billion | Rs5.62 Billion | ▼ -12.2 pp |
| 2021 | 102.6% | Rs-2.78 Billion | Rs-2.71 Billion | Rs3.52 Billion | Rs6.30 Billion | ▼ -8.5 pp |
| 2020 | 111.0% | Rs-1.99 Billion | Rs-1.79 Billion | Rs4.93 Billion | Rs6.92 Billion | ▼ -27351.4 pp |
| 2019 | 27462.5% | Rs-1.62 Billion | Rs-5.89 Million | Rs4.80 Billion | Rs6.41 Billion | ▲ +27262.8 pp |
| 2018 | 199.7% | Rs-4.00 Billion | Rs-2.00 Billion | Rs8.42 Billion | Rs12.42 Billion | ▼ -14.4 pp |
| 2017 | 214.0% | Rs-1.73 Billion | Rs-809.19 Million | Rs9.09 Billion | Rs10.82 Billion | ▲ +4.1 pp |
| 2016 | 210.0% | Rs-908.24 Million | Rs-432.56 Million | Rs10.55 Billion | Rs11.46 Billion | ▲ +281.6 pp |
| 2015 | -71.6% | Rs61.19 Million | Rs-85.42 Million | Rs10.72 Billion | Rs10.65 Billion | ▼ -159.0 pp |
| 2014 | 87.4% | Rs543.13 Million | Rs621.47 Million | Rs9.74 Billion | Rs9.20 Billion | ▲ +10.5 pp |
| 2013 | 76.9% | Rs627.81 Million | Rs816.61 Million | Rs10.73 Billion | Rs10.10 Billion | ▲ +13.6 pp |
| 2012 | 63.3% | Rs1.06 Billion | Rs1.68 Billion | Rs9.32 Billion | Rs8.26 Billion | ▼ -105.9 pp |
| 2011 | 169.2% | Rs3.61 Billion | Rs2.13 Billion | Rs9.19 Billion | Rs5.58 Billion | ▲ +26.5 pp |
| 2010 | 142.7% | Rs2.95 Billion | Rs2.07 Billion | Rs7.63 Billion | Rs4.68 Billion | ▲ +19.7 pp |
| 2009 | 123.0% | Rs2.03 Billion | Rs1.65 Billion | Rs5.78 Billion | Rs3.75 Billion | ▲ +17.8 pp |
| 2008 | 105.3% | Rs1.34 Billion | Rs1.28 Billion | Rs4.50 Billion | Rs3.15 Billion | ▲ +16.8 pp |
| 2007 | 88.4% | Rs491.88 Million | Rs556.20 Million | Rs2.72 Billion | Rs2.23 Billion | ▼ -87.5 pp |
| 2006 | 175.9% | Rs751.49 Million | Rs427.25 Million | Rs1.89 Billion | Rs1.14 Billion | ▼ -70.0 pp |
| 2005 | 245.9% | Rs938.24 Million | Rs381.60 Million | Rs1.81 Billion | Rs875.61 Million | — |