Varun Beverages Limited (VBL) — Working Capital to Net Assets Ratio
Varun Beverages Limited (VBL) has a Working Capital to Net Assets ratio of 19.2% as of June 2025. Working capital of Rs35.55 Billion (current assets of Rs80.13 Billion minus current liabilities of Rs44.58 Billion) is measured against net assets of Rs185.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Varun Beverages Limited (VBL) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Varun Beverages Limited Working Capital to Net Assets (2012–2024)
This chart shows how Varun Beverages Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2012 to 2024. As of June 2025, the ratio stands at 19.2%, reflecting working capital of Rs35.55 Billion against net assets of Rs185.07 Billion INR. See Varun Beverages Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Varun Beverages Limited (2012–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Varun Beverages Limited from 2012 to 2024, covering 13 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 value of Varun Beverages Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 19.9% | Rs33.40 Billion | Rs167.40 Billion | Rs78.64 Billion | Rs45.24 Billion | ▲ +18.8 pp |
| 2023 | 1.2% | Rs824.18 Million | Rs70.85 Billion | Rs42.36 Billion | Rs41.53 Billion | ▲ +12.0 pp |
| 2022 | -10.8% | Rs-5.65 Billion | Rs52.15 Billion | Rs34.04 Billion | Rs39.69 Billion | ▲ +0.5 pp |
| 2021 | -11.3% | Rs-4.74 Billion | Rs41.97 Billion | Rs25.46 Billion | Rs30.20 Billion | ▲ +6.4 pp |
| 2020 | -17.7% | Rs-6.35 Billion | Rs35.89 Billion | Rs18.00 Billion | Rs24.35 Billion | ▼ -1.4 pp |
| 2019 | -16.3% | Rs-5.48 Billion | Rs33.59 Billion | Rs16.72 Billion | Rs22.20 Billion | ▲ +13.6 pp |
| 2018 | -29.9% | Rs-6.00 Billion | Rs20.06 Billion | Rs11.41 Billion | Rs17.41 Billion | ▲ +5.4 pp |
| 2017 | -35.3% | Rs-6.25 Billion | Rs17.68 Billion | Rs9.69 Billion | Rs15.93 Billion | ▲ +10.5 pp |
| 2016 | -45.8% | Rs-8.67 Billion | Rs18.94 Billion | Rs8.74 Billion | Rs17.41 Billion | ▼ -426.9 pp |
| 2015 | 381.1% | Rs-8.97 Billion | Rs-2.35 Billion | Rs7.89 Billion | Rs16.85 Billion | ▲ +481.5 pp |
| 2014 | -100.5% | Rs-3.45 Billion | Rs3.43 Billion | Rs8.59 Billion | Rs12.04 Billion | ▲ +95.6 pp |
| 2013 | -196.1% | Rs-4.22 Billion | Rs2.15 Billion | Rs5.44 Billion | Rs9.66 Billion | ▼ -12.9 pp |
| 2012 | -183.2% | Rs-3.14 Billion | Rs1.72 Billion | Rs5.84 Billion | Rs8.99 Billion | — |