AIRA Capital Public Company Limited (AIRA) - Net Assets

Latest as of December 2025: ฿4.17 Billion THB ≈ $130.02 Million USD

Based on the latest financial reports, AIRA Capital Public Company Limited (AIRA) has net assets worth ฿4.17 Billion THB (≈ $130.02 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.49 Billion ≈ $295.69 Million USD) and total liabilities (฿5.32 Billion ≈ $165.67 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are AIRA Capital Public Company Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.17 Billion
% of Total Assets	43.97%
Annual Growth Rate	10.23%
5-Year Change	-8.66%
10-Year Change	13.99%
Growth Volatility	27.71

AIRA Capital Public Company Limited - Net Assets Trend (2012–2025)

This chart illustrates how AIRA Capital Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore AIRA current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for AIRA Capital Public Company Limited (2012–2025)

The table below shows the annual net assets of AIRA Capital Public Company Limited from 2012 to 2025. For live valuation and market cap data, see AIRA market cap overview.

Year	Net Assets	Change
2025-12-31	฿4.17 Billion ≈ $130.02 Million	-1.74%
2024-12-31	฿4.25 Billion ≈ $132.32 Million	-1.85%
2023-12-31	฿4.33 Billion ≈ $134.82 Million	-5.14%
2022-12-31	฿4.56 Billion ≈ $142.13 Million	-0.16%
2021-12-31	฿4.57 Billion ≈ $142.36 Million	+1.15%
2020-12-31	฿4.52 Billion ≈ $140.73 Million	-2.66%
2019-12-31	฿4.64 Billion ≈ $144.57 Million	-0.49%
2018-12-31	฿4.66 Billion ≈ $145.29 Million	+9.08%
2017-12-31	฿4.27 Billion ≈ $133.20 Million	+16.78%
2016-12-31	฿3.66 Billion ≈ $114.06 Million	+11.00%
2015-12-31	฿3.30 Billion ≈ $102.76 Million	+93.23%
2014-12-31	฿1.71 Billion ≈ $53.18 Million	+53.70%
2013-12-31	฿1.11 Billion ≈ $34.60 Million	-5.60%
2012-12-31	฿1.18 Billion ≈ $36.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to AIRA Capital Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 7551.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿4.74 Billion	150.77%
Total Equity	฿3.15 Billion	100.00%

AIRA Capital Public Company Limited Competitors by Market Cap

The table below lists competitors of AIRA Capital Public Company Limited ranked by their market capitalization.

Company	Market Cap
Investcorp Europe Acquisition I Corp NASDAQ:IVCB	$208.74 Million
AC IMMUNE SA SF-02 F:IMR	$208.75 Million
Taiwan Fu Hsing Industrial Co Ltd TW:9924	$208.75 Million
GOLFZON Co. Ltd KQ:215000	$208.77 Million
BEXIMCO PHARMA.GDR REGS 1 F:R2WA	$208.62 Million
Xiongan Kerong Environment Technology Co Ltd SHE:300152	$208.61 Million
EMS Limited NSE:EMSLIMITED	$208.57 Million
Context Therapeutics Inc NASDAQ:CNTX	$208.57 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AIRA Capital Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,253,914,740 to 3,145,566,179, a change of -108,348,561 (-3.3%).
Net loss of 108,548,664 reduced equity.
Other comprehensive income decreased equity by 25,745,950.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-108.55 Million	-3.45%
Other Comprehensive Income	฿-25.75 Million	-0.82%
Other Changes	฿25.95 Million	+0.82%
Total Change	฿-	-3.33%

Book Value vs Market Value Analysis

This analysis compares AIRA Capital Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.13x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.20x to 2.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿0.33	฿1.06	x
2013-12-31	฿0.21	฿1.06	x
2014-12-31	฿0.57	฿1.06	x
2015-12-31	฿0.82	฿1.06	x
2016-12-31	฿0.56	฿1.06	x
2017-12-31	฿0.61	฿1.06	x
2018-12-31	฿0.65	฿1.06	x
2019-12-31	฿0.63	฿1.06	x
2020-12-31	฿0.58	฿1.06	x
2021-12-31	฿0.58	฿1.06	x
2022-12-31	฿0.58	฿1.06	x
2023-12-31	฿0.54	฿1.06	x
2024-12-31	฿0.52	฿1.06	x
2025-12-31	฿0.50	฿1.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently AIRA Capital Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -3.45%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.70%
• Asset Turnover: 0.11x
• Equity Multiplier: 3.02x
Recent ROE (-3.45%) is below the historical average (-1.22%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	2.84%	7.10%	0.09x	4.45x	฿-73.89 Million
2013	8.85%	11.42%	0.15x	5.21x	฿-11.67 Million
2014	4.41%	8.29%	0.15x	3.47x	฿-90.31 Million
2015	-3.26%	-13.54%	0.13x	1.92x	฿-402.75 Million
2016	-3.46%	-13.50%	0.11x	2.33x	฿-419.33 Million
2017	-6.39%	-30.11%	0.10x	2.20x	฿-594.87 Million
2018	-3.62%	-18.37%	0.10x	1.98x	฿-543.63 Million
2019	-4.53%	-22.34%	0.09x	2.37x	฿-556.27 Million
2020	-2.10%	-7.69%	0.11x	2.52x	฿-442.39 Million
2021	3.43%	11.80%	0.10x	2.77x	฿-242.46 Million
2022	0.06%	0.24%	0.10x	2.63x	฿-365.14 Million
2023	-5.67%	-20.01%	0.10x	2.78x	฿-534.71 Million
2024	-4.19%	-11.93%	0.12x	3.01x	฿-461.64 Million
2025	-3.45%	-10.70%	0.11x	3.02x	฿-423.11 Million

Industry Comparison

This section compares AIRA Capital Public Company Limited's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $3,484,039,383
Average return on equity (ROE) among peers: 7.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
AIRA Capital Public Company Limited (AIRA)	฿4.17 Billion	2.84%	1.27x	$208.64 Million
Asia Plus Group Holdings PCL (ASP)	$4.99 Billion	19.62%	1.96x	$130.47 Million
Country Group Holdings Public Company Limited (CGH)	$5.30 Billion	2.68%	0.76x	$59.54 Million
Globlex Holding Management Public Company Limited (GBX)	$1.41 Billion	6.19%	0.42x	$18.33 Million
KGI Securities (Thailand) Public Company Limited (KGI)	$5.56 Billion	1.15%	0.34x	$249.57 Million
Trinity Watthana Public Company Limited (TNITY)	$1.60 Billion	8.17%	2.16x	$18.98 Million
UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH)	$2.05 Billion	6.84%	0.65x	$83.79 Million

About AIRA Capital Public Company Limited

BK:AIRA Thailand Capital Markets

Market Cap

$208.64 Million

฿6.69 Billion THB

Market Cap Rank

#16380 Global

#194 in Thailand

Share Price

฿1.06

Change (1 day)

-4.50%

52-Week Range

฿0.91 - ฿1.50

All Time High

฿2.56