Thai Oil Public Company Limited (TOP) — Tangible Net Worth Ratio
Thai Oil Public Company Limited (TOP) has a Tangible Net Worth Ratio of 98.7% as of December 2025. This metric is calculated by deducting intangible assets (฿2.44 Billion) from net assets (฿193.03 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Thai Oil Public Company Limited (TOP) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Thai Oil Public Company Limited Tangible Net Worth Ratio (2003–2025)
This chart shows how Thai Oil Public Company Limited's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at 98.7%, reflecting net assets of ฿193.03 Billion with intangible assets of ฿2.44 Billion THB. See TOP cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Thai Oil Public Company Limited (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Thai Oil Public Company Limited from 2003 to 2025, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of Thai Oil Public Company Limited.
| Year | Tangible NW Ratio | Net Assets (THB) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.7% | ฿193.03 Billion | ฿2.44 Billion | ฿427.28 Billion | ▲ +0.2 pp |
| 2024 | 98.5% | ฿166.18 Billion | ฿2.46 Billion | ฿409.01 Billion | ▼ -0.1 pp |
| 2023 | 98.6% | ฿168.31 Billion | ฿2.40 Billion | ฿419.99 Billion | ▲ +0.1 pp |
| 2022 | 98.4% | ฿158.66 Billion | ฿2.50 Billion | ฿444.58 Billion | ▲ +2.4 pp |
| 2021 | 96.0% | ฿123.09 Billion | ฿4.91 Billion | ฿362.14 Billion | ▲ +0.1 pp |
| 2020 | 95.9% | ฿120.12 Billion | ฿4.96 Billion | ฿306.19 Billion | ▼ -0.3 pp |
| 2019 | 96.1% | ฿123.92 Billion | ฿4.77 Billion | ฿283.44 Billion | ▲ +0.0 pp |
| 2018 | 96.1% | ฿126.47 Billion | ฿4.92 Billion | ฿268.61 Billion | ▲ +0.2 pp |
| 2017 | 95.9% | ฿127.15 Billion | ฿5.18 Billion | ฿228.11 Billion | ▲ +0.9 pp |
| 2016 | 95.0% | ฿111.60 Billion | ฿5.56 Billion | ฿217.73 Billion | ▼ -1.7 pp |
| 2015 | 96.8% | ฿97.01 Billion | ฿3.15 Billion | ฿192.17 Billion | ▲ +0.5 pp |
| 2014 | 96.3% | ฿87.04 Billion | ฿3.26 Billion | ฿192.80 Billion | ▼ -0.3 pp |
| 2013 | 96.5% | ฿94.84 Billion | ฿3.29 Billion | ฿208.52 Billion | ▼ -0.4 pp |
| 2012 | 96.9% | ฿90.72 Billion | ฿2.81 Billion | ฿170.68 Billion | ▼ -1.3 pp |
| 2011 | 98.2% | ฿85.03 Billion | ฿1.53 Billion | ฿155.09 Billion | ▲ +0.1 pp |
| 2010 | 98.1% | ฿76.84 Billion | ฿1.47 Billion | ฿146.61 Billion | ▼ -0.8 pp |
| 2009 | 98.9% | ฿71.69 Billion | ฿790.16 Million | ฿137.74 Billion | ▲ +0.2 pp |
| 2008 | 98.7% | ฿63.58 Billion | ฿841.69 Million | ฿132.84 Billion | ▼ -2.0 pp |
| 2007 | 100.7% | ฿71.89 Billion | ฿-473.77 Million | ฿137.06 Billion | ▲ +0.0 pp |
| 2006 | 100.7% | ฿72.81 Billion | ฿-479.44 Million | ฿124.68 Billion | ▲ +0.8 pp |
| 2005 | 99.9% | ฿66.85 Billion | ฿79.43 Million | ฿124.17 Billion | ▲ +0.1 pp |
| 2004 | 99.8% | ฿53.58 Billion | ฿120.41 Million | ฿115.43 Billion | ▲ +0.2 pp |
| 2003 | 99.6% | ฿36.28 Billion | ฿160.79 Million | ฿101.94 Billion | — |