Thai Oil Public Company Limited (TOP) — Cash Flow-to-Debt Ratio
Thai Oil Public Company Limited (TOP) has a Cash Flow-to-Debt Ratio of 0.11x as of December 2025, meaning its operating cash flow of ฿26.09 Billion could theoretically repay 0% of its total liabilities (฿234.25 Billion) in one year. See Thai Oil Public Company Limited free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Thai Oil Public Company Limited Cash Flow-to-Debt Ratio (2003–2025)
Historical debt coverage capacity for Thai Oil Public Company Limited across 23 annual periods. Also explore TOP shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Thai Oil Public Company Limited (2003–2025)
Year-by-year debt coverage analysis for Thai Oil Public Company Limited. For market capitalisation and broader financial context, see market value of Thai Oil Public Company Limited.
| Year | CF-to-Debt Ratio | Operating CF (THB) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.21x | ฿48.81 Billion | ฿234.25 Billion | ▲ +28.6% |
| 2024 | 0.16x | ฿39.35 Billion | ฿242.83 Billion | ▲ +45.2% |
| 2023 | 0.11x | ฿28.09 Billion | ฿251.68 Billion | ▼ -26.2% |
| 2022 | 0.15x | ฿43.25 Billion | ฿285.92 Billion | ▲ +244.3% |
| 2021 | 0.04x | ฿10.50 Billion | ฿239.05 Billion | ▲ +235.8% |
| 2020 | 0.01x | ฿2.43 Billion | ฿186.07 Billion | ▼ -84.1% |
| 2019 | 0.08x | ฿13.09 Billion | ฿159.52 Billion | ▼ -36.3% |
| 2018 | 0.13x | ฿18.31 Billion | ฿142.14 Billion | ▼ -62.2% |
| 2017 | 0.34x | ฿34.42 Billion | ฿100.96 Billion | ▲ +56.1% |
| 2016 | 0.22x | ฿23.18 Billion | ฿106.13 Billion | ▼ -34.5% |
| 2015 | 0.33x | ฿31.71 Billion | ฿95.16 Billion | ▲ +44.2% |
| 2014 | 0.23x | ฿24.43 Billion | ฿105.76 Billion | ▲ +62.8% |
| 2013 | 0.14x | ฿16.13 Billion | ฿113.68 Billion | ▼ -50.8% |
| 2012 | 0.29x | ฿23.05 Billion | ฿79.95 Billion | ▲ +14.7% |
| 2011 | 0.25x | ฿17.60 Billion | ฿70.05 Billion | ▲ +29.5% |
| 2010 | 0.19x | ฿13.54 Billion | ฿69.77 Billion | ▼ -16.4% |
| 2009 | 0.23x | ฿15.34 Billion | ฿66.06 Billion | ▲ +90.5% |
| 2008 | 0.12x | ฿8.44 Billion | ฿69.26 Billion | ▼ -65.0% |
| 2007 | 0.35x | ฿22.70 Billion | ฿65.18 Billion | ▲ +0.9% |
| 2006 | 0.35x | ฿17.91 Billion | ฿51.87 Billion | ▼ -3.0% |
| 2005 | 0.36x | ฿20.40 Billion | ฿57.32 Billion | ▲ +56.6% |
| 2004 | 0.23x | ฿14.06 Billion | ฿61.85 Billion | ▲ +16.5% |
| 2003 | 0.20x | ฿12.82 Billion | ฿65.66 Billion | — |