Asia Aviation Public Company Limited (AAV) — Working Capital to Net Assets Ratio
Asia Aviation Public Company Limited (AAV) has a Working Capital to Net Assets ratio of -97.8% as of September 2025. Working capital of ฿-11.84 Billion (current assets of ฿17.55 Billion minus current liabilities of ฿29.39 Billion) is measured against net assets of ฿12.11 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Asia Aviation Public Company Limited financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Asia Aviation Public Company Limited Working Capital to Net Assets (2009–2024)
This chart shows how Asia Aviation Public Company Limited's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2009 to 2024. As of September 2025, the ratio stands at -97.8%, reflecting working capital of ฿-11.84 Billion against net assets of ฿12.11 Billion THB. See Asia Aviation Public Company Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Asia Aviation Public Company Limited (2009–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Asia Aviation Public Company Limited from 2009 to 2024, covering 16 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Asia Aviation Public Company Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -119.2% | ฿-13.56 Billion | ฿11.38 Billion | ฿15.50 Billion | ฿29.07 Billion | ▲ +59.3 pp |
| 2023 | -178.5% | ฿-15.02 Billion | ฿8.41 Billion | ฿10.00 Billion | ฿25.02 Billion | ▲ +30.9 pp |
| 2022 | -209.4% | ฿-16.66 Billion | ฿7.95 Billion | ฿5.24 Billion | ฿21.89 Billion | ▼ -150.7 pp |
| 2021 | -58.8% | ฿-9.89 Billion | ฿16.83 Billion | ฿7.67 Billion | ฿17.56 Billion | ▲ +28.0 pp |
| 2020 | -86.8% | ฿-15.06 Billion | ฿17.36 Billion | ฿2.76 Billion | ฿17.82 Billion | ▼ -63.2 pp |
| 2019 | -23.6% | ฿-6.53 Billion | ฿27.69 Billion | ฿7.43 Billion | ฿13.96 Billion | ▼ -7.3 pp |
| 2018 | -16.3% | ฿-4.66 Billion | ฿28.62 Billion | ฿6.37 Billion | ฿11.02 Billion | ▼ -10.4 pp |
| 2017 | -5.9% | ฿-1.86 Billion | ฿31.45 Billion | ฿9.05 Billion | ฿10.91 Billion | ▼ -4.2 pp |
| 2016 | -1.7% | ฿-510.48 Million | ฿30.12 Billion | ฿8.76 Billion | ฿9.27 Billion | ▼ -3.6 pp |
| 2015 | 1.9% | ฿532.72 Million | ฿28.08 Billion | ฿8.83 Billion | ฿8.30 Billion | ▲ +3.3 pp |
| 2014 | -1.4% | ฿-372.20 Million | ฿27.02 Billion | ฿7.49 Billion | ฿7.86 Billion | ▼ -3.4 pp |
| 2013 | 2.0% | ฿545.28 Million | ฿26.68 Billion | ฿7.82 Billion | ฿7.27 Billion | ▼ -6.2 pp |
| 2012 | 8.3% | ฿2.17 Billion | ฿26.17 Billion | ฿7.13 Billion | ฿4.96 Billion | ▲ +9304.6 pp |
| 2011 | -9296.3% | ฿-711.18 Million | ฿7.65 Million | ฿1.45 Billion | ฿2.16 Billion | ▼ -9468.2 pp |
| 2010 | 171.9% | ฿-1.65 Billion | ฿-959.40 Million | ฿2.04 Billion | ฿3.68 Billion | ▲ +39.3 pp |
| 2009 | 132.6% | ฿-2.60 Billion | ฿-1.96 Billion | ฿685.44 Million | ฿3.29 Billion | — |