Asia Plus Group Holdings PCL (ASP) — Working Capital to Net Assets Ratio
Asia Plus Group Holdings PCL (ASP) has a Working Capital to Net Assets ratio of 88.2% as of December 2025. Working capital of ฿4.20 Billion (current assets of ฿8.28 Billion minus current liabilities of ฿4.09 Billion) is measured against net assets of ฿4.76 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Asia Plus Group Holdings PCL (ASP) 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 Plus Group Holdings PCL Working Capital to Net Assets (2005–2025)
This chart shows how Asia Plus Group Holdings PCL's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 88.2%, reflecting working capital of ฿4.20 Billion against net assets of ฿4.76 Billion THB. See operational self-sufficiency of Asia Plus Group Holdings PCL to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Asia Plus Group Holdings PCL (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Asia Plus Group Holdings PCL from 2005 to 2025, covering 19 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 Plus Group Holdings PCL (ASP) total market value.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 88.2% | ฿4.20 Billion | ฿4.76 Billion | ฿8.28 Billion | ฿4.09 Billion | ▼ -20.2 pp |
| 2024 | 108.4% | ฿5.32 Billion | ฿4.91 Billion | ฿10.99 Billion | ฿5.67 Billion | ▼ -1.9 pp |
| 2023 | 110.2% | ฿5.39 Billion | ฿4.89 Billion | ฿13.01 Billion | ฿7.62 Billion | ▼ -6.9 pp |
| 2022 | 117.1% | ฿5.71 Billion | ฿4.87 Billion | ฿14.97 Billion | ฿9.26 Billion | ▲ +29.1 pp |
| 2021 | 88.0% | ฿4.39 Billion | ฿4.99 Billion | ฿13.72 Billion | ฿9.34 Billion | ▲ +0.9 pp |
| 2020 | 87.1% | ฿4.17 Billion | ฿4.79 Billion | ฿8.37 Billion | ฿4.19 Billion | ▲ +1.5 pp |
| 2019 | 85.6% | ฿3.98 Billion | ฿4.65 Billion | ฿5.50 Billion | ฿1.52 Billion | ▲ +1.4 pp |
| 2018 | 84.2% | ฿3.90 Billion | ฿4.63 Billion | ฿5.52 Billion | ฿1.62 Billion | ▼ -0.7 pp |
| 2017 | 84.9% | ฿4.10 Billion | ฿4.83 Billion | ฿10.42 Billion | ฿6.32 Billion | ▼ -0.1 pp |
| 2016 | 85.0% | ฿4.04 Billion | ฿4.75 Billion | ฿9.03 Billion | ฿4.99 Billion | ▼ -0.6 pp |
| 2015 | 85.7% | ฿3.80 Billion | ฿4.43 Billion | ฿6.98 Billion | ฿3.18 Billion | ▼ -8.2 pp |
| 2014 | 93.8% | ฿4.31 Billion | ฿4.59 Billion | ฿7.22 Billion | ฿2.92 Billion | ▲ +0.8 pp |
| 2013 | 93.1% | ฿4.13 Billion | ฿4.44 Billion | ฿7.23 Billion | ฿3.10 Billion | ▼ -0.2 pp |
| 2012 | 93.2% | ฿3.90 Billion | ฿4.18 Billion | ฿7.88 Billion | ฿3.98 Billion | ▼ -19.9 pp |
| 2011 | 113.2% | ฿4.50 Billion | ฿3.98 Billion | ฿4.50 Billion | ฿1.19 Million | ▲ +62.7 pp |
| 2010 | 50.5% | ฿2.16 Billion | ฿4.29 Billion | ฿4.09 Billion | ฿1.92 Billion | ▲ +35.1 pp |
| 2008 | 15.4% | ฿520.42 Million | ฿3.38 Billion | ฿1.12 Billion | ฿598.55 Million | ▲ +14.2 pp |
| 2006 | 1.2% | ฿45.19 Million | ฿3.77 Billion | ฿914.40 Million | ฿869.21 Million | ▼ -47.8 pp |
| 2005 | 49.0% | ฿1.88 Billion | ฿3.84 Billion | ฿1.88 Billion | ฿1.72 Million | — |