AP (Thailand) Public Company Limited (AP) — Working Capital to Net Assets Ratio
AP (Thailand) Public Company Limited (AP) has a Working Capital to Net Assets ratio of 128.1% as of December 2025. Working capital of ฿59.04 Billion (current assets of ฿76.26 Billion minus current liabilities of ฿17.22 Billion) is measured against net assets of ฿46.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AP net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AP (Thailand) Public Company Limited Working Capital to Net Assets (2005–2025)
This chart shows how AP (Thailand) Public Company Limited'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 128.1%, reflecting working capital of ฿59.04 Billion against net assets of ฿46.08 Billion THB. Check AP tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AP (Thailand) Public Company Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for AP (Thailand) Public Company Limited 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 AP (Thailand) Public Company Limited market capitalisation.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 128.1% | ฿59.04 Billion | ฿46.08 Billion | ฿76.26 Billion | ฿17.22 Billion | ▼ -0.8 pp |
| 2024 | 129.0% | ฿56.29 Billion | ฿43.64 Billion | ฿74.90 Billion | ฿18.61 Billion | ▼ -1.7 pp |
| 2023 | 130.7% | ฿53.24 Billion | ฿40.74 Billion | ฿74.57 Billion | ฿21.33 Billion | ▲ +12.7 pp |
| 2022 | 118.0% | ฿43.35 Billion | ฿36.73 Billion | ฿58.89 Billion | ฿15.54 Billion | ▼ -0.8 pp |
| 2021 | 118.8% | ฿38.51 Billion | ฿32.42 Billion | ฿50.95 Billion | ฿12.44 Billion | ▼ -6.4 pp |
| 2020 | 125.2% | ฿36.64 Billion | ฿29.26 Billion | ฿49.90 Billion | ฿13.26 Billion | ▼ -5.7 pp |
| 2019 | 130.9% | ฿34.41 Billion | ฿26.30 Billion | ฿51.47 Billion | ฿17.06 Billion | ▼ -0.5 pp |
| 2018 | 131.4% | ฿32.03 Billion | ฿24.38 Billion | ฿43.28 Billion | ฿11.25 Billion | ▲ +14.7 pp |
| 2017 | 116.7% | ฿25.25 Billion | ฿21.63 Billion | ฿37.74 Billion | ฿12.49 Billion | ▼ -3.7 pp |
| 2016 | 120.5% | ฿23.40 Billion | ฿19.42 Billion | ฿33.12 Billion | ฿9.72 Billion | ▼ -25.9 pp |
| 2015 | 146.3% | ฿25.83 Billion | ฿17.65 Billion | ฿33.28 Billion | ฿7.45 Billion | ▼ -10.1 pp |
| 2014 | 156.4% | ฿24.78 Billion | ฿15.85 Billion | ฿33.74 Billion | ฿8.95 Billion | ▼ -11.3 pp |
| 2013 | 167.7% | ฿23.49 Billion | ฿14.01 Billion | ฿33.16 Billion | ฿9.67 Billion | ▲ +5.1 pp |
| 2012 | 162.6% | ฿20.36 Billion | ฿12.52 Billion | ฿28.75 Billion | ฿8.40 Billion | ▼ -11.3 pp |
| 2011 | 173.8% | ฿18.53 Billion | ฿10.66 Billion | ฿28.60 Billion | ฿10.07 Billion | ▲ +8.7 pp |
| 2010 | 165.2% | ฿15.71 Billion | ฿9.51 Billion | ฿23.22 Billion | ฿7.51 Billion | ▼ -8.3 pp |
| 2009 | 173.4% | ฿14.20 Billion | ฿8.19 Billion | ฿18.34 Billion | ฿4.14 Billion | ▼ -23.3 pp |
| 2008 | 196.7% | ฿13.36 Billion | ฿6.79 Billion | ฿16.82 Billion | ฿3.46 Billion | ▲ +37.1 pp |
| 2007 | 159.7% | ฿9.13 Billion | ฿5.72 Billion | ฿12.57 Billion | ฿3.44 Billion | ▲ +24.8 pp |
| 2006 | 134.9% | ฿6.81 Billion | ฿5.05 Billion | ฿9.79 Billion | ฿2.97 Billion | ▼ -55.9 pp |
| 2005 | 190.8% | ฿7.62 Billion | ฿3.99 Billion | ฿9.58 Billion | ฿1.96 Billion | — |