Thai Oil Public Company Limited (TOP) — Financial Flexibility Index

Latest as of December 2025: 0.13x

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). Check TOP capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

฿30.38 Billion
Operating CF − Capex

Total Liabilities

฿234.25 Billion
THB

Capital Expenditures

฿4.29 Billion
THB

Thai Oil Public Company Limited Financial Flexibility Index (2003–2025)

Historical Financial Flexibility Index trend for Thai Oil Public Company Limited across 23 annual periods. See working capital position of Thai Oil Public Company Limited to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Thai Oil Public Company Limited (2003–2025)

Year-by-year free cash flow to debt coverage for Thai Oil Public Company Limited. For the full company profile including market capitalisation, see TOP company net worth.

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 —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities