Trinity Watthana Public Company Limited Net Assets

Latest as of March 2026: ฿1.30 Billion THB ≈ $40.62 Million USD

Trinity Watthana Public Company Limited net assets. Based on the latest financial reports, Trinity Watthana Public Company Limited (TNITY) has net assets worth ฿1.30 Billion THB (≈ $40.62 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.17 Billion ≈ $130.04 Million USD) and total liabilities (฿2.87 Billion ≈ $89.42 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. Also explore net asset momentum of Trinity Watthana Public Company Limited to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.30 Billion
% of Total Assets	31.24%
Annual Growth Rate	1.69%
5-Year Change	-26.02%
10-Year Change	-18.82%
Growth Volatility	78.25

Net Assets of Trinity Watthana Public Company Limited (2002–2025)

Net assets of Trinity Watthana Public Company Limited from 2002 to 2025. This chart illustrates how Trinity Watthana Public Company Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Trinity Watthana Public Company Limited to measure how much of total assets are equity-financed.

Annual Net Assets for Trinity Watthana Public Company Limited (2002–2025)

The table below shows the annual net assets of Trinity Watthana Public Company Limited from 2002 to 2025. For live market cap and overall valuation, see Trinity Watthana Public Company Limited (TNITY) market capitalisation.

Year	Net Assets	Change
2025-12-31	฿1.30 Billion ≈ $40.49 Million	-5.84%
2024-12-31	฿1.38 Billion ≈ $43.00 Million	-0.49%
2023-12-31	฿1.39 Billion ≈ $43.21 Million	-20.32%
2022-12-31	฿1.74 Billion ≈ $54.22 Million	-0.92%
2021-12-31	฿1.76 Billion ≈ $54.73 Million	+9.93%
2020-12-31	฿1.60 Billion ≈ $49.78 Million	+1.28%
2019-12-31	฿1.58 Billion ≈ $49.15 Million	+1.60%
2018-12-31	฿1.55 Billion ≈ $48.38 Million	-3.24%
2017-12-31	฿1.60 Billion ≈ $50.00 Million	+0.26%
2016-12-31	฿1.60 Billion ≈ $49.87 Million	+2.14%
2015-12-31	฿1.57 Billion ≈ $48.83 Million	+4.09%
2014-12-31	฿1.51 Billion ≈ $46.91 Million	+4.94%
2013-12-31	฿1.43 Billion ≈ $44.70 Million	+0.67%
2012-12-31	฿1.42 Billion ≈ $44.41 Million	+3.77%
2011-12-31	฿1.37 Billion ≈ $42.79 Million	+5.13%
2010-12-31	฿1.31 Billion ≈ $40.70 Million	+3.08%
2009-12-31	฿1.27 Billion ≈ $39.49 Million	+370.88%
2008-12-31	฿269.05 Million ≈ $8.39 Million	-81.12%
2007-12-31	฿1.43 Billion ≈ $44.43 Million	+4.07%
2006-12-31	฿1.37 Billion ≈ $42.69 Million	-1.05%
2005-12-31	฿1.38 Billion ≈ $43.14 Million	+28.64%
2004-12-31	฿1.08 Billion ≈ $33.54 Million	-0.57%
2003-12-31	฿1.08 Billion ≈ $33.73 Million	+22.57%
2002-12-31	฿882.86 Million ≈ $27.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Trinity Watthana 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 8057350400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Trinity Watthana Public Company Limited Net Assets Breakdown (December 2025)

Trinity Watthana Public Company Limited net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Common Stock	฿1.07 Billion	82.53%
Other Comprehensive Income	฿15.50 Million	1.19%
Other Components	฿291.99 Million	22.48%
Total Equity	฿1.30 Billion	100.00%

Trinity Watthana Public Company Limited Competitors by Market Cap

The table below lists competitors of Trinity Watthana Public Company Limited ranked by their market capitalization.

Company	Market Cap
Northstar Clean Technologies Inc V:ROOF	$14.97 Million
Edaran Bhd KLSE:5036	$14.97 Million
Barrel Co. Ltd KQ:267790	$14.98 Million
Recrusul S/A SA:RCSL3	$14.98 Million
Swoop Holdings Ltd AU:SWP	$14.97 Million
Citius Pharmaceuticals Inc NASDAQ:CTXR	$14.96 Million
Senior PLC LSE:SNR	$14.96 Million
RN2 Technologies Co. Ltd KQ:148250	$14.95 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,379,520,201 to 1,298,946,697, a change of -80,573,504 (-5.8%).
Net loss of 79,431,897 reduced equity.
Other comprehensive income decreased equity by 85,096,024.
Other factors increased equity by 83,954,417.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-79.43 Million	-6.12%
Other Comprehensive Income	฿-85.10 Million	-6.55%
Other Changes	฿83.95 Million	+6.46%
Total Change	฿-	-5.84%

Book Value vs Market Value Analysis

This analysis compares Trinity Watthana 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: 0.37x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	฿6.87	฿2.24	x
2007-12-31	฿7.29	฿2.24	x
2008-12-31	฿1.36	฿2.24	x
2009-12-31	฿6.41	฿2.24	x
2010-12-31	฿6.61	฿2.24	x
2011-12-31	฿6.95	฿2.24	x
2012-12-31	฿7.21	฿2.24	x
2013-12-31	฿7.26	฿2.24	x
2014-12-31	฿7.62	฿2.24	x
2015-12-31	฿7.93	฿2.24	x
2016-12-31	฿8.10	฿2.24	x
2017-12-31	฿8.12	฿2.24	x
2018-12-31	฿7.39	฿2.24	x
2019-12-31	฿7.92	฿2.24	x
2020-12-31	฿8.02	฿2.24	x
2021-12-31	฿8.20	฿2.24	x
2022-12-31	฿8.11	฿2.24	x
2023-12-31	฿6.47	฿2.24	x
2024-12-31	฿6.43	฿2.24	x
2025-12-31	฿6.06	฿2.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trinity Watthana 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): -6.12%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -16.15%
• Asset Turnover: 0.12x
• Equity Multiplier: 3.07x
Recent ROE (-6.12%) is below the historical average (2.99%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	7.97%	21.52%	0.31x	1.19x	฿-17.94 Million
2003	17.62%	19.59%	0.33x	2.76x	฿82.48 Million
2004	8.46%	13.03%	0.41x	1.60x	฿-16.59 Million
2005	5.13%	13.72%	0.27x	1.37x	฿-67.45 Million
2006	0.91%	0.00%	0.00x	1.23x	฿-124.54 Million
2007	4.51%	0.00%	0.00x	1.63x	฿-78.19 Million
2008	-46.55%	-31.64%	0.25x	5.82x	฿-152.14 Million
2009	-0.94%	-3.48%	0.21x	1.31x	฿-138.54 Million
2010	2.97%	8.58%	0.21x	1.68x	฿-91.74 Million
2011	8.53%	18.99%	0.33x	1.36x	฿-20.22 Million
2012	8.13%	17.32%	0.21x	2.25x	฿-26.61 Million
2013	9.62%	16.50%	0.25x	2.33x	฿-5.51 Million
2014	12.74%	24.20%	0.20x	2.68x	฿41.21 Million
2015	9.33%	20.11%	0.19x	2.38x	฿-10.55 Million
2016	9.97%	20.51%	0.17x	2.87x	฿-444.30K
2017	1.75%	4.31%	0.16x	2.47x	฿-132.35 Million
2018	4.39%	10.96%	0.16x	2.53x	฿-87.12 Million
2019	6.13%	16.34%	0.13x	2.79x	฿-60.96 Million
2020	8.17%	21.37%	0.12x	3.16x	฿-29.27 Million
2021	14.25%	28.91%	0.13x	3.65x	฿74.56 Million
2022	10.25%	25.50%	0.10x	4.16x	฿4.43 Million
2023	-25.49%	-171.26%	0.04x	3.97x	฿-492.02 Million
2024	0.04%	0.10%	0.11x	3.33x	฿-137.44 Million
2025	-6.12%	-16.15%	0.12x	3.07x	฿-209.33 Million

Industry Comparison

This section compares Trinity Watthana 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: $3,563,471,024
Average return on equity (ROE) among peers: -1.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Trinity Watthana Public Company Limited (TNITY)	฿1.30 Billion	7.97%	2.20x	$14.97 Million
AIRA Capital Public Company Limited (AIRA)	$4.64 Billion	-3.56%	0.95x	$198.80 Million
Asia Plus Group Holdings PCL (ASP)	$3.86 Billion	11.72%	0.40x	$144.40 Million
Country Group Holdings Public Company Limited (CGH)	$4.13 Billion	-16.54%	0.09x	$90.60 Million
Globlex Holding Management Public Company Limited (GBX)	$1.14 Billion	-10.54%	0.12x	$21.39 Million
KGI Securities (Thailand) Public Company Limited (KGI)	$5.56 Billion	1.15%	0.34x	$301.72 Million
UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH)	$2.05 Billion	6.84%	0.65x	$83.79 Million

About Trinity Watthana Public Company Limited

BK:TNITY Thailand Capital Markets

Market Cap

$14.97 Million

฿480.27 Million THB

Market Cap Rank

#25816 Global

#521 in Thailand

Share Price

฿2.24

Change (1 day)

-1.75%

52-Week Range

฿2.00 - ฿3.06

All Time High

฿15.79