Pico (Thailand) Public Company Limited (PICO) — Cash Flow-to-Debt Ratio
Pico (Thailand) Public Company Limited (PICO) has a Cash Flow-to-Debt Ratio of -0.11x as of January 2026, meaning its operating cash flow of ฿-28.75 Million could theoretically repay 0% of its total liabilities (฿259.55 Million) in one year. See Pico (Thailand) Public Company Limited (PICO) financial flexibility to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Pico (Thailand) Public Company Limited Cash Flow-to-Debt Ratio (2003–2025)
Historical debt coverage capacity for Pico (Thailand) Public Company Limited across 23 annual periods. For the full cash flow conversion analysis, see PICO cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Pico (Thailand) Public Company Limited (2003–2025)
Year-by-year debt coverage analysis for Pico (Thailand) Public Company Limited. Check how high is Pico (Thailand) Public Company Limited's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (THB) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | ฿80.33 Million | ฿414.58 Million | ▼ -34.0% |
| 2024 | 0.29x | ฿106.83 Million | ฿363.74 Million | ▲ +3.1% |
| 2023 | 0.28x | ฿96.24 Million | ฿337.75 Million | ▲ +486.8% |
| 2022 | -0.07x | ฿-29.38 Million | ฿398.82 Million | ▲ +47.9% |
| 2021 | -0.14x | ฿-44.87 Million | ฿317.28 Million | ▼ -235.5% |
| 2020 | 0.10x | ฿30.04 Million | ฿287.83 Million | ▲ +131.3% |
| 2019 | -0.33x | ฿-151.43 Million | ฿454.65 Million | ▼ -212.4% |
| 2018 | 0.30x | ฿186.16 Million | ฿628.41 Million | ▼ -15.2% |
| 2017 | 0.35x | ฿162.70 Million | ฿465.63 Million | ▲ +101.7% |
| 2016 | 0.17x | ฿78.49 Million | ฿452.94 Million | ▲ +118.3% |
| 2015 | 0.08x | ฿39.99 Million | ฿503.65 Million | ▼ -63.3% |
| 2014 | 0.22x | ฿63.31 Million | ฿292.48 Million | ▲ +4291.2% |
| 2013 | -0.01x | ฿-1.50 Million | ฿290.88 Million | ▼ -100.8% |
| 2012 | 0.64x | ฿252.90 Million | ฿396.17 Million | ▲ +139.2% |
| 2011 | 0.27x | ฿125.22 Million | ฿469.12 Million | ▲ +235.7% |
| 2010 | -0.20x | ฿-89.07 Million | ฿452.66 Million | ▼ -71.3% |
| 2009 | -0.11x | ฿-14.22 Million | ฿123.82 Million | ▼ -126.3% |
| 2008 | 0.44x | ฿109.78 Million | ฿251.48 Million | ▲ +1133.0% |
| 2007 | 0.04x | ฿10.57 Million | ฿298.55 Million | ▼ -92.4% |
| 2006 | 0.47x | ฿97.55 Million | ฿209.76 Million | ▼ -3.9% |
| 2005 | 0.48x | ฿70.08 Million | ฿144.87 Million | ▲ +2433.2% |
| 2004 | 0.02x | ฿2.41 Million | ฿126.00 Million | ▼ -94.1% |
| 2003 | 0.32x | ฿36.38 Million | ฿113.21 Million | — |