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 net asset quality index of Asia Plus Group Holdings PCL to measure how much of total assets are equity-financed.
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. Check ASP intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 stock valuation.
| 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 | — |