Thai Oil Public Company Limited Net Asset Quality Index
Thai Oil Public Company Limited 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. Check TOP cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Thai Oil Public Company Limited (2003–2025)
Net asset quality index of Thai Oil Public Company Limited from 2003 to 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. See net assets of Thai Oil Public Company Limited for net asset value and shareholders' equity analysis.
Thai Oil Public Company Limited Net Asset Quality Index by Year (2003–2025)
Thai Oil Public Company Limited net asset quality index by year from 2003 to 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. For live market cap and overall valuation, see market value of Thai Oil Public Company Limited.
| 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 | — |