The Erawan Group Public Company Limited (ERW) — Working Capital to Net Assets Ratio
The Erawan Group Public Company Limited (ERW) has a Working Capital to Net Assets ratio of -9.4% as of March 2026. Working capital of ฿-962.07 Million (current assets of ฿1.58 Billion minus current liabilities of ฿2.54 Billion) is measured against net assets of ฿10.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See The Erawan Group Public Company Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
The Erawan Group Public Company Limited Working Capital to Net Assets (2001–2025)
This chart shows how The Erawan Group Public Company Limited's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of March 2026, the ratio stands at -9.4%, reflecting working capital of ฿-962.07 Million against net assets of ฿10.21 Billion THB. For the complete balance sheet picture, see how large is The Erawan Group Public Company Limited's balance sheet.
Annual Working Capital to Net Assets for The Erawan Group Public Company Limited (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for The Erawan Group Public Company Limited from 2001 to 2025, covering 25 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. Check ERW cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -15.4% | ฿-1.51 Billion | ฿9.79 Billion | ฿2.40 Billion | ฿3.91 Billion | ▼ -7.0 pp |
| 2024 | -8.4% | ฿-801.23 Million | ฿9.49 Billion | ฿2.18 Billion | ฿2.98 Billion | ▲ +10.0 pp |
| 2023 | -18.4% | ฿-1.17 Billion | ฿6.37 Billion | ฿1.89 Billion | ฿3.06 Billion | ▼ -23.0 pp |
| 2022 | 4.6% | ฿264.71 Million | ฿5.72 Billion | ฿2.03 Billion | ฿1.76 Billion | ▼ -14.7 pp |
| 2021 | 19.4% | ฿1.17 Billion | ฿6.02 Billion | ฿2.66 Billion | ฿1.49 Billion | ▲ +41.0 pp |
| 2020 | -21.6% | ฿-850.14 Million | ฿3.93 Billion | ฿1.96 Billion | ฿2.81 Billion | ▲ +10.4 pp |
| 2019 | -32.0% | ฿-1.90 Billion | ฿5.94 Billion | ฿1.46 Billion | ฿3.36 Billion | ▲ +2.6 pp |
| 2018 | -34.7% | ฿-1.98 Billion | ฿5.71 Billion | ฿1.56 Billion | ฿3.54 Billion | ▼ -4.2 pp |
| 2017 | -30.4% | ฿-1.65 Billion | ฿5.40 Billion | ฿1.57 Billion | ฿3.22 Billion | ▲ +15.4 pp |
| 2016 | -45.9% | ฿-2.33 Billion | ฿5.07 Billion | ฿1.28 Billion | ฿3.61 Billion | ▼ -2.2 pp |
| 2015 | -43.7% | ฿-2.15 Billion | ฿4.92 Billion | ฿1.41 Billion | ฿3.56 Billion | ▼ -8.5 pp |
| 2014 | -35.3% | ฿-1.67 Billion | ฿4.73 Billion | ฿1.05 Billion | ฿2.72 Billion | ▼ -18.3 pp |
| 2013 | -17.0% | ฿-889.02 Million | ฿5.23 Billion | ฿1.23 Billion | ฿2.12 Billion | ▲ +15.4 pp |
| 2012 | -32.4% | ฿-1.20 Billion | ฿3.71 Billion | ฿818.74 Million | ฿2.02 Billion | ▼ -14.5 pp |
| 2011 | -17.9% | ฿-673.98 Million | ฿3.77 Billion | ฿771.31 Million | ฿1.45 Billion | ▲ +5.6 pp |
| 2010 | -23.5% | ฿-769.18 Million | ฿3.27 Billion | ฿602.16 Million | ฿1.37 Billion | ▼ -1.6 pp |
| 2009 | -21.9% | ฿-776.47 Million | ฿3.54 Billion | ฿825.77 Million | ฿1.60 Billion | ▲ +13.1 pp |
| 2008 | -35.1% | ฿-1.32 Billion | ฿3.76 Billion | ฿908.80 Million | ฿2.23 Billion | ▲ +35.9 pp |
| 2007 | -70.9% | ฿-2.66 Billion | ฿3.75 Billion | ฿751.48 Million | ฿3.41 Billion | ▼ -47.4 pp |
| 2006 | -23.6% | ฿-684.56 Million | ฿2.91 Billion | ฿536.36 Million | ฿1.22 Billion | ▲ +13.7 pp |
| 2005 | -37.2% | ฿-1.49 Billion | ฿3.99 Billion | ฿494.01 Million | ฿1.98 Billion | ▼ -12.3 pp |
| 2004 | -24.9% | ฿-996.65 Million | ฿4.00 Billion | ฿417.29 Million | ฿1.41 Billion | ▼ -15.3 pp |
| 2003 | -9.6% | ฿-375.15 Million | ฿3.89 Billion | ฿583.18 Million | ฿958.33 Million | ▲ +9.5 pp |
| 2002 | -19.1% | ฿-666.92 Million | ฿3.49 Billion | ฿618.39 Million | ฿1.29 Billion | ▼ -12.6 pp |
| 2001 | -6.5% | ฿-210.83 Million | ฿3.26 Billion | ฿898.11 Million | ฿1.11 Billion | — |