Thai Oil Public Company Limited Financial Flexibility Index
Thai Oil Public Company Limited financial flexibility index. Thai Oil Public Company Limited (TOP) has a Financial Flexibility Index of 0.13x as of December 2025. Free cash flow of ฿30.38 Billion (operating CF ฿26.09 Billion minus capex ฿4.29 Billion) represents 0% of total liabilities (฿234.25 Billion). See Thai Oil Public Company Limited (TOP) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Thai Oil Public Company Limited (2003–2025)
Financial flexibility index of Thai Oil Public Company Limited from 2003 to 2025. Historical Financial Flexibility Index trend for Thai Oil Public Company Limited across 23 annual periods. Check cash flow quality index of Thai Oil Public Company Limited to evaluate the quality of earnings relative to operating cash generation.
Thai Oil Public Company Limited Financial Flexibility Index by Year (2003–2025)
Thai Oil Public Company Limited financial flexibility index by year from 2003 to 2025. Year-by-year free cash flow to debt coverage for Thai Oil Public Company Limited. For the full cash flow conversion analysis, see Thai Oil Public Company Limited (TOP) cash conversion ratio.
| Year | Flexibility Index | Free Cash Flow (THB) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.25x | ฿59.51 Billion | ฿48.81 Billion | ฿234.25 Billion | ▲ +26.1% |
| 2024 | 0.20x | ฿48.91 Billion | ฿39.35 Billion | ฿242.83 Billion | ▲ +18.8% |
| 2023 | 0.17x | ฿42.69 Billion | ฿28.09 Billion | ฿251.68 Billion | ▼ -35.6% |
| 2022 | 0.26x | ฿75.36 Billion | ฿43.25 Billion | ฿285.92 Billion | ▲ +37.1% |
| 2021 | 0.19x | ฿45.94 Billion | ฿10.50 Billion | ฿239.05 Billion | ▼ -30.1% |
| 2020 | 0.27x | ฿51.12 Billion | ฿2.43 Billion | ฿186.07 Billion | ▲ +7.3% |
| 2019 | 0.26x | ฿40.84 Billion | ฿13.09 Billion | ฿159.52 Billion | ▲ +38.3% |
| 2018 | 0.19x | ฿26.31 Billion | ฿18.31 Billion | ฿142.14 Billion | ▼ -52.1% |
| 2017 | 0.39x | ฿39.02 Billion | ฿34.42 Billion | ฿100.96 Billion | ▲ +35.8% |
| 2016 | 0.28x | ฿30.20 Billion | ฿23.18 Billion | ฿106.13 Billion | ▼ -36.5% |
| 2015 | 0.45x | ฿42.61 Billion | ฿31.71 Billion | ฿95.16 Billion | ▲ +9.6% |
| 2014 | 0.41x | ฿43.20 Billion | ฿24.43 Billion | ฿105.76 Billion | ▲ +60.9% |
| 2013 | 0.25x | ฿28.86 Billion | ฿16.13 Billion | ฿113.68 Billion | ▼ -31.2% |
| 2012 | 0.37x | ฿29.51 Billion | ฿23.05 Billion | ฿79.95 Billion | ▲ +19.3% |
| 2011 | 0.31x | ฿21.67 Billion | ฿17.60 Billion | ฿70.05 Billion | ▲ +28.1% |
| 2010 | 0.24x | ฿16.85 Billion | ฿13.54 Billion | ฿69.77 Billion | ▼ -4.5% |
| 2009 | 0.25x | ฿16.71 Billion | ฿15.34 Billion | ฿66.06 Billion | ▲ +13.9% |
| 2008 | 0.22x | ฿15.38 Billion | ฿8.44 Billion | ฿69.26 Billion | ▼ -63.5% |
| 2007 | 0.61x | ฿39.65 Billion | ฿22.70 Billion | ฿65.18 Billion | ▲ +76.1% |
| 2006 | 0.35x | ฿17.92 Billion | ฿17.91 Billion | ฿51.87 Billion | ▼ -3.0% |
| 2005 | 0.36x | ฿20.41 Billion | ฿20.40 Billion | ฿57.32 Billion | ▲ +56.5% |
| 2004 | 0.23x | ฿14.08 Billion | ฿14.06 Billion | ฿61.85 Billion | ▲ +16.6% |
| 2003 | 0.20x | ฿12.82 Billion | ฿12.82 Billion | ฿65.66 Billion | — |