Haad Thip Public Company Limited (HTC) - Net Assets

Latest as of December 2025: ฿4.24 Billion THB ≈ $132.22 Million USD

Based on the latest financial reports, Haad Thip Public Company Limited (HTC) has net assets worth ฿4.24 Billion THB (≈ $132.22 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 (฿7.84 Billion ≈ $244.29 Million USD) and total liabilities (฿3.60 Billion ≈ $112.07 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 Haad Thip Public Company Limited tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.24 Billion
% of Total Assets	54.12%
Annual Growth Rate	7.47%
5-Year Change	17.38%
10-Year Change	71.51%
Growth Volatility	12.09

Haad Thip Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Haad Thip Public Company Limited's net assets have evolved over time, based on quarterly financial data. See HTC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Haad Thip Public Company Limited (2000–2025)

The table below shows the annual net assets of Haad Thip Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Haad Thip Public Company Limited stock valuation.

Year	Net Assets	Change
2025-12-31	฿4.24 Billion ≈ $132.22 Million	+2.90%
2024-12-31	฿4.12 Billion ≈ $128.50 Million	+4.92%
2023-12-31	฿3.93 Billion ≈ $122.48 Million	+4.69%
2022-12-31	฿3.75 Billion ≈ $116.99 Million	+3.86%
2021-12-31	฿3.61 Billion ≈ $112.64 Million	+4.63%
2020-12-31	฿3.45 Billion ≈ $107.66 Million	+18.50%
2019-12-31	฿2.91 Billion ≈ $90.85 Million	+7.46%
2018-12-31	฿2.71 Billion ≈ $84.54 Million	+1.76%
2017-12-31	฿2.67 Billion ≈ $83.07 Million	+7.76%
2016-12-31	฿2.47 Billion ≈ $77.09 Million	+5.24%
2015-12-31	฿2.35 Billion ≈ $73.25 Million	+53.59%
2014-12-31	฿1.53 Billion ≈ $47.69 Million	+2.38%
2013-12-31	฿1.49 Billion ≈ $46.58 Million	+15.36%
2012-12-31	฿1.30 Billion ≈ $40.38 Million	+9.36%
2011-12-31	฿1.18 Billion ≈ $36.92 Million	-4.14%
2010-12-31	฿1.24 Billion ≈ $38.52 Million	+23.22%
2009-12-31	฿1.00 Billion ≈ $31.26 Million	+3.72%
2008-12-31	฿966.86 Million ≈ $30.14 Million	+1.64%
2007-12-31	฿951.24 Million ≈ $29.65 Million	-2.67%
2006-12-31	฿977.31 Million ≈ $30.46 Million	+1.96%
2005-12-31	฿958.48 Million ≈ $29.87 Million	-0.69%
2004-12-31	฿965.12 Million ≈ $30.08 Million	+29.86%
2003-12-31	฿743.21 Million ≈ $23.17 Million	+0.99%
2002-12-31	฿735.94 Million ≈ $22.94 Million	+1.30%
2001-12-31	฿726.46 Million ≈ $22.64 Million	+3.69%
2000-12-31	฿700.64 Million ≈ $21.84 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Haad Thip 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 grown by 1685.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿2.00 Billion	47.20%
Other Components	฿2.24 Billion	52.80%
Total Equity	฿4.24 Billion	100.00%

Haad Thip Public Company Limited Competitors by Market Cap

The table below lists competitors of Haad Thip Public Company Limited ranked by their market capitalization.

Company	Market Cap
Tai-Saw Technology Co Ltd TWO:3221	$197.94 Million
Sporting Clube de Portugal - Futebol SAD LS:SCP	$197.95 Million
QDRO Acquisition Corp. Class A Ordinary Shares NASDAQ:QADR	$198.00 Million
Camuzzi Gas Pampeana SA BA:CGPA2	$198.03 Million
St Augustine Gold and Copper Ltd TO:SAU	$197.83 Million
Global Water Resources Inc NASDAQ:GWRS	$197.80 Million
Shalby Limited NSE:SHALBY	$197.73 Million
Wei Chuan Foods Corp TW:1201	$197.70 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,122,490,275 to 4,241,868,254, a change of 119,377,979 (2.9%).
Net income of 568,244,046 contributed positively to equity growth.
Dividend payments of 409,957,214 reduced retained earnings.
Other comprehensive income decreased equity by 60,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿568.24 Million	+13.4%
Dividends Paid	฿409.96 Million	-9.66%
Other Comprehensive Income	฿-60.00 Million	-1.41%
Other Changes	฿21.09 Million	+0.5%
Total Change	฿-	2.90%

Book Value vs Market Value Analysis

This analysis compares Haad Thip 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: 1.50x
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 2.86x to 1.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	฿5.53	฿15.80	x
2006-12-31	฿5.31	฿15.80	x
2007-12-31	฿5.16	฿15.80	x
2008-12-31	฿5.25	฿15.80	x
2009-12-31	฿5.44	฿15.80	x
2010-12-31	฿6.71	฿15.80	x
2011-12-31	฿6.43	฿15.80	x
2012-12-31	฿7.03	฿15.80	x
2013-12-31	฿7.63	฿15.80	x
2014-12-31	฿7.68	฿15.80	x
2015-12-31	฿11.80	฿15.80	x
2016-12-31	฿12.41	฿15.80	x
2017-12-31	฿13.38	฿15.80	x
2018-12-31	฿13.61	฿15.80	x
2019-12-31	฿7.31	฿15.80	x
2020-12-31	฿8.59	฿15.80	x
2021-12-31	฿8.98	฿15.80	x
2022-12-31	฿9.34	฿15.80	x
2023-12-31	฿9.78	฿15.80	x
2024-12-31	฿10.24	฿15.80	x
2025-12-31	฿10.55	฿15.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Haad Thip 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): 13.40%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.88%
• Asset Turnover: 1.05x
• Equity Multiplier: 1.85x
Recent ROE (13.40%) is above the historical average (8.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.28%	5.56%	1.36x	1.50x	฿8.99 Million
2001	10.41%	5.18%	1.23x	1.63x	฿2.98 Million
2002	9.73%	4.70%	1.29x	1.61x	฿-1.97 Million
2003	7.31%	3.53%	1.18x	1.76x	฿-19.97 Million
2004	5.56%	2.91%	1.17x	1.63x	฿-42.89 Million
2005	1.30%	0.61%	1.34x	1.60x	฿-83.36 Million
2006	5.21%	2.16%	1.48x	1.63x	฿-46.77 Million
2007	0.35%	0.13%	1.68x	1.60x	฿-91.81 Million
2008	2.25%	0.78%	1.70x	1.69x	฿-74.91 Million
2009	4.48%	1.49%	1.70x	1.76x	฿-55.40 Million
2010	6.09%	2.15%	1.77x	1.60x	฿-48.32 Million
2011	3.36%	1.09%	1.74x	1.78x	฿-78.70 Million
2012	9.13%	2.72%	1.65x	2.03x	฿-11.30 Million
2013	12.23%	3.88%	1.45x	2.17x	฿33.31 Million
2014	7.53%	2.21%	1.54x	2.21x	฿-37.77 Million
2015	4.29%	1.87%	1.21x	1.90x	฿-134.12 Million
2016	9.75%	4.23%	1.21x	1.90x	฿-6.24 Million
2017	10.63%	5.00%	1.23x	1.73x	฿16.78 Million
2018	9.18%	4.37%	1.20x	1.75x	฿-22.16 Million
2019	15.12%	6.50%	1.38x	1.68x	฿149.23 Million
2020	16.41%	8.81%	1.21x	1.54x	฿221.28 Million
2021	14.84%	8.21%	1.20x	1.50x	฿174.52 Million
2022	11.59%	6.17%	1.19x	1.58x	฿59.84 Million
2023	15.24%	7.67%	1.20x	1.65x	฿205.68 Million
2024	14.60%	7.40%	1.11x	1.77x	฿189.43 Million
2025	13.40%	6.88%	1.05x	1.85x	฿144.06 Million

Industry Comparison

This section compares Haad Thip Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.

Industry Context

Industry: Beverages - Non-Alcoholic
Average net assets among peers: $3,839,522,489
Average return on equity (ROE) among peers: 15.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Haad Thip Public Company Limited (HTC)	฿4.24 Billion	11.28%	0.85x	$197.94 Million
Carabao Group Public Company Limited (CBG)	$661.00 Million	21.32%	5.32x	$1.25 Billion
Carabao Group Public Company Limited (CBG-R)	$10.11 Billion	28.49%	0.90x	$1.85 Billion
Ichitan Group Public Company Limited (ICHI)	$6.19 Billion	8.83%	0.15x	$534.86 Million
Ichitan Group Public Company Limited (ICHI-R)	$5.75 Billion	6.41%	0.50x	$498.39 Million
Sappe Public Company Limited (SAPPE)	$1.56 Billion	23.17%	0.34x	$285.30 Million
T.A.C. Consumer Public Company Limited (TACC)	$615.04 Million	11.05%	0.31x	$108.47 Million
Tipco Foods Public Company Limited (TIPCO)	$1.99 Billion	10.36%	1.35x	$90.25 Million

About Haad Thip Public Company Limited

BK:HTC Thailand Beverages - Non-Alcoholic

Market Cap

$197.94 Million

฿6.35 Billion THB

Market Cap Rank

#16685 Global

#204 in Thailand

Share Price

฿15.80

Change (1 day)

+0.00%

52-Week Range

฿14.60 - ฿16.30

All Time High

฿19.18