Asia Aviation Public Company Limited Working Capital to Net Assets Ratio
Asia Aviation Public Company Limited 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. Check Asia Aviation Public Company Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Asia Aviation Public Company Limited (2009–2024)
Working capital to net assets ratio of Asia Aviation Public Company Limited from 2009 to 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 AAV defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Asia Aviation Public Company Limited Working Capital to Net Assets Ratio by Year (2009–2024)
Asia Aviation Public Company Limited working capital to net assets ratio by year from 2009 to 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 the complete balance sheet picture, see how large is Asia Aviation Public Company Limited's balance sheet.
| 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 | — |