Airports Of Thailand PCL (AOT) — Working Capital to Net Assets Ratio
Airports Of Thailand PCL (AOT) has a Working Capital to Net Assets ratio of 11.9% as of December 2025. Working capital of ฿16.37 Billion (current assets of ฿37.15 Billion minus current liabilities of ฿20.78 Billion) is measured against net assets of ฿137.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Airports Of Thailand PCL balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Airports Of Thailand PCL Working Capital to Net Assets (2005–2025)
This chart shows how Airports Of Thailand PCL's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 11.9%, reflecting working capital of ฿16.37 Billion against net assets of ฿137.57 Billion THB. Check Airports Of Thailand PCL tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Airports Of Thailand PCL (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Airports Of Thailand PCL from 2005 to 2025, covering 21 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 AOT market cap.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.6% | ฿12.74 Billion | ฿132.84 Billion | ฿37.33 Billion | ฿24.59 Billion | ▲ +4.2 pp |
| 2024 | 5.4% | ฿6.86 Billion | ฿126.40 Billion | ฿30.22 Billion | ฿23.36 Billion | ▲ +9.2 pp |
| 2023 | -3.8% | ฿-4.28 Billion | ฿112.18 Billion | ฿19.01 Billion | ฿23.29 Billion | ▲ +2.1 pp |
| 2022 | -5.9% | ฿-6.02 Billion | ฿102.52 Billion | ฿8.48 Billion | ฿14.50 Billion | ▼ -12.8 pp |
| 2021 | 7.0% | ฿7.89 Billion | ฿113.42 Billion | ฿21.50 Billion | ฿13.61 Billion | ▼ -17.6 pp |
| 2020 | 24.6% | ฿35.16 Billion | ฿143.03 Billion | ฿50.49 Billion | ฿15.33 Billion | ▼ -10.8 pp |
| 2019 | 35.3% | ฿54.61 Billion | ฿154.54 Billion | ฿80.79 Billion | ฿26.18 Billion | ▼ -2.0 pp |
| 2018 | 37.3% | ฿53.87 Billion | ฿144.27 Billion | ฿77.07 Billion | ฿23.20 Billion | ▼ -1.3 pp |
| 2017 | 38.7% | ฿50.93 Billion | ฿131.69 Billion | ฿71.66 Billion | ฿20.73 Billion | ▲ +1.1 pp |
| 2016 | 37.6% | ฿45.73 Billion | ฿121.58 Billion | ฿64.16 Billion | ฿18.43 Billion | ▲ +4.5 pp |
| 2015 | 33.1% | ฿36.07 Billion | ฿108.81 Billion | ฿51.92 Billion | ฿15.85 Billion | ▲ +3.5 pp |
| 2014 | 29.7% | ฿28.85 Billion | ฿97.25 Billion | ฿47.36 Billion | ฿18.51 Billion | ▲ +3.4 pp |
| 2013 | 26.2% | ฿24.08 Billion | ฿91.74 Billion | ฿43.53 Billion | ฿19.45 Billion | ▲ +0.8 pp |
| 2012 | 25.4% | ฿19.76 Billion | ฿77.79 Billion | ฿37.18 Billion | ฿17.42 Billion | ▲ +4.2 pp |
| 2011 | 21.2% | ฿15.20 Billion | ฿71.55 Billion | ฿31.95 Billion | ฿16.76 Billion | ▲ +2.2 pp |
| 2010 | 19.0% | ฿14.11 Billion | ฿74.09 Billion | ฿28.29 Billion | ฿14.18 Billion | ▲ +3.0 pp |
| 2009 | 16.1% | ฿11.77 Billion | ฿73.26 Billion | ฿25.08 Billion | ฿13.31 Billion | ▼ -2.7 pp |
| 2008 | 18.7% | ฿14.30 Billion | ฿76.31 Billion | ฿24.69 Billion | ฿10.39 Billion | ▲ +7.0 pp |
| 2007 | 11.7% | ฿8.14 Billion | ฿69.69 Billion | ฿19.14 Billion | ฿11.00 Billion | ▼ -1.7 pp |
| 2006 | 13.4% | ฿9.55 Billion | ฿71.07 Billion | ฿23.54 Billion | ฿13.99 Billion | ▼ -16.4 pp |
| 2005 | 29.8% | ฿19.20 Billion | ฿64.48 Billion | ฿28.70 Billion | ฿9.49 Billion | — |