Thai Oil Public Company Limited (TOP) - Total Liabilities

Latest as of December 2025: ฿234.25 Billion THB ≈ $7.30 Billion USD

Based on the latest financial reports, Thai Oil Public Company Limited (TOP) has total liabilities worth ฿234.25 Billion THB (≈ $7.30 Billion USD) as of December 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore TOP cash flow conversion to assess how effectively this company generates cash.

Thai Oil Public Company Limited - Total Liabilities Trend (2003–2025)

This chart illustrates how Thai Oil Public Company Limited's total liabilities have evolved over time, based on quarterly financial data. Check TOP asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Thai Oil Public Company Limited Competitors by Total Liabilities

The table below lists competitors of Thai Oil Public Company Limited ranked by their total liabilities.

Company	Country	Total Liabilities
Star Health and Allied Insurance Company Limited NSE:STARHEALTH	India	Rs122.99 Billion
Powell Industries Inc NASDAQ:POWL	USA	$425.48 Million
Boyd Group Services Inc. NYSE:BGSI	USA	$2.14 Billion
Doximity Inc NYSE:DOCS	USA	$177.73 Million
Rocket Internet SE HM:RKET	Germany	€243.60 Million
Multistrada Arah Sarana Tbk JK:MASA	Indonesia	Rp116.72 Million
Steadfast Group Limited F:1S6	Germany	€3.80 Billion
Sinopec Shanghai Petrochemical Co Ltd Class A SHG:600688	China	CN¥17.49 Billion

Liability Composition Analysis (2003–2025)

This chart breaks down Thai Oil Public Company Limited's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Thai Oil Public Company Limited stock valuation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	1.44	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	1.36	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.55	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Thai Oil Public Company Limited's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Thai Oil Public Company Limited (2003–2025)

The table below shows the annual total liabilities of Thai Oil Public Company Limited from 2003 to 2025.

Year	Total Liabilities	Change
2025-12-31	฿234.25 Billion ≈ $7.30 Billion	-3.53%
2024-12-31	฿242.83 Billion ≈ $7.57 Billion	-3.52%
2023-12-31	฿251.68 Billion ≈ $7.84 Billion	-11.98%
2022-12-31	฿285.92 Billion ≈ $8.91 Billion	+19.61%
2021-12-31	฿239.05 Billion ≈ $7.45 Billion	+28.47%
2020-12-31	฿186.07 Billion ≈ $5.80 Billion	+16.64%
2019-12-31	฿159.52 Billion ≈ $4.97 Billion	+12.23%
2018-12-31	฿142.14 Billion ≈ $4.43 Billion	+40.79%
2017-12-31	฿100.96 Billion ≈ $3.15 Billion	-4.87%
2016-12-31	฿106.13 Billion ≈ $3.31 Billion	+11.54%
2015-12-31	฿95.16 Billion ≈ $2.97 Billion	-10.03%
2014-12-31	฿105.76 Billion ≈ $3.30 Billion	-6.97%
2013-12-31	฿113.68 Billion ≈ $3.54 Billion	+42.19%
2012-12-31	฿79.95 Billion ≈ $2.49 Billion	+14.13%
2011-12-31	฿70.05 Billion ≈ $2.18 Billion	+0.41%
2010-12-31	฿69.77 Billion ≈ $2.17 Billion	+5.62%
2009-12-31	฿66.06 Billion ≈ $2.06 Billion	-4.63%
2008-12-31	฿69.26 Billion ≈ $2.16 Billion	+6.27%
2007-12-31	฿65.18 Billion ≈ $2.03 Billion	+25.66%
2006-12-31	฿51.87 Billion ≈ $1.62 Billion	-9.50%
2005-12-31	฿57.32 Billion ≈ $1.79 Billion	-7.33%
2004-12-31	฿61.85 Billion ≈ $1.93 Billion	-5.80%
2003-12-31	฿65.66 Billion ≈ $2.05 Billion	--

About Thai Oil Public Company Limited

BK:TOP Thailand Oil & Gas Refining & Marketing

Market Cap

$3.34 Billion

฿107.22 Billion THB

Market Cap Rank

#4618 Global

#26 in Thailand

Share Price

฿48.00

Change (1 day)

-2.04%

52-Week Range

฿25.25 - ฿55.25

All Time High

฿83.44