Thai Oil Public Company Limited (TOP) — Net Asset Quality Index
Thai Oil Public Company Limited (TOP) has a Net Asset Quality Index of 45.2% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ฿427.28 Billion minus total liabilities of ฿234.25 Billion yields net assets of ฿193.03 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read TOP liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Thai Oil Public Company Limited Net Asset Quality Index Over Time (2003–2025)
This chart shows how Thai Oil Public Company Limited's Net Asset Quality Index has evolved across 23 annual periods from 2003 to 2025. As of December 2025, the index stands at 45.2%, representing net assets of ฿193.03 Billion against total assets of ฿427.28 Billion THB. For live market cap and overall valuation, see Thai Oil Public Company Limited (TOP) total market value.
Annual Net Asset Quality Index for Thai Oil Public Company Limited (2003–2025)
The table below presents the year-by-year Net Asset Quality Index for Thai Oil Public Company Limited from 2003 to 2025, covering 23 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Thai Oil Public Company Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (THB) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 45.2% | ฿193.03 Billion | ฿427.28 Billion | ฿234.25 Billion | ▲ +4.5 pp |
| 2024 | 40.6% | ฿166.18 Billion | ฿409.01 Billion | ฿242.83 Billion | ▲ +0.6 pp |
| 2023 | 40.1% | ฿168.31 Billion | ฿419.99 Billion | ฿251.68 Billion | ▲ +4.4 pp |
| 2022 | 35.7% | ฿158.66 Billion | ฿444.58 Billion | ฿285.92 Billion | ▲ +1.7 pp |
| 2021 | 34.0% | ฿123.09 Billion | ฿362.14 Billion | ฿239.05 Billion | ▼ -5.2 pp |
| 2020 | 39.2% | ฿120.12 Billion | ฿306.19 Billion | ฿186.07 Billion | ▼ -4.5 pp |
| 2019 | 43.7% | ฿123.92 Billion | ฿283.44 Billion | ฿159.52 Billion | ▼ -3.4 pp |
| 2018 | 47.1% | ฿126.47 Billion | ฿268.61 Billion | ฿142.14 Billion | ▼ -8.7 pp |
| 2017 | 55.7% | ฿127.15 Billion | ฿228.11 Billion | ฿100.96 Billion | ▲ +4.5 pp |
| 2016 | 51.3% | ฿111.60 Billion | ฿217.73 Billion | ฿106.13 Billion | ▲ +0.8 pp |
| 2015 | 50.5% | ฿97.01 Billion | ฿192.17 Billion | ฿95.16 Billion | ▲ +5.3 pp |
| 2014 | 45.1% | ฿87.04 Billion | ฿192.80 Billion | ฿105.76 Billion | ▼ -0.3 pp |
| 2013 | 45.5% | ฿94.84 Billion | ฿208.52 Billion | ฿113.68 Billion | ▼ -7.7 pp |
| 2012 | 53.2% | ฿90.72 Billion | ฿170.68 Billion | ฿79.95 Billion | ▼ -1.7 pp |
| 2011 | 54.8% | ฿85.03 Billion | ฿155.09 Billion | ฿70.05 Billion | ▲ +2.4 pp |
| 2010 | 52.4% | ฿76.84 Billion | ฿146.61 Billion | ฿69.77 Billion | ▲ +0.4 pp |
| 2009 | 52.0% | ฿71.69 Billion | ฿137.74 Billion | ฿66.06 Billion | ▲ +4.2 pp |
| 2008 | 47.9% | ฿63.58 Billion | ฿132.84 Billion | ฿69.26 Billion | ▼ -4.6 pp |
| 2007 | 52.4% | ฿71.89 Billion | ฿137.06 Billion | ฿65.18 Billion | ▼ -6.0 pp |
| 2006 | 58.4% | ฿72.81 Billion | ฿124.68 Billion | ฿51.87 Billion | ▲ +4.6 pp |
| 2005 | 53.8% | ฿66.85 Billion | ฿124.17 Billion | ฿57.32 Billion | ▲ +7.4 pp |
| 2004 | 46.4% | ฿53.58 Billion | ฿115.43 Billion | ฿61.85 Billion | ▲ +10.8 pp |
| 2003 | 35.6% | ฿36.28 Billion | ฿101.94 Billion | ฿65.66 Billion | — |