Gulf Energy Development Public Company Limited (GULF) — Working Capital to Net Assets Ratio
Gulf Energy Development Public Company Limited (GULF) has a Working Capital to Net Assets ratio of 3.1% as of March 2026. Working capital of ฿11.87 Billion (current assets of ฿110.10 Billion minus current liabilities of ฿98.22 Billion) is measured against net assets of ฿378.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Gulf Energy Development Public Company L balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gulf Energy Development Public Company Limited Working Capital to Net Assets (2014–2025)
This chart shows how Gulf Energy Development Public Company Limited's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 3.1%, reflecting working capital of ฿11.87 Billion against net assets of ฿378.12 Billion THB. Check tangible equity quality of Gulf Energy Development Public Company L to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Gulf Energy Development Public Company Limited (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gulf Energy Development Public Company Limited from 2014 to 2025, covering 12 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 Gulf Energy Development Public Company L market capitalisation.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 0.8% | ฿2.89 Billion | ฿365.90 Billion | ฿98.76 Billion | ฿95.87 Billion | ▲ +0.9 pp |
| 2024 | -0.1% | ฿-163.39 Million | ฿153.84 Billion | ฿71.45 Billion | ฿71.61 Billion | ▼ -5.0 pp |
| 2023 | 4.9% | ฿7.06 Billion | ฿144.10 Billion | ฿72.69 Billion | ฿65.62 Billion | ▼ -8.6 pp |
| 2022 | 13.5% | ฿18.38 Billion | ฿135.80 Billion | ฿70.25 Billion | ฿51.87 Billion | ▲ +10.0 pp |
| 2021 | 3.5% | ฿3.79 Billion | ฿107.51 Billion | ฿38.81 Billion | ฿35.02 Billion | ▲ +2.5 pp |
| 2020 | 1.0% | ฿711.74 Million | ฿72.08 Billion | ฿30.35 Billion | ฿29.64 Billion | ▼ -24.7 pp |
| 2019 | 25.7% | ฿12.61 Billion | ฿49.04 Billion | ฿22.42 Billion | ฿9.81 Billion | ▲ +9.1 pp |
| 2018 | 16.7% | ฿7.46 Billion | ฿44.79 Billion | ฿25.87 Billion | ฿18.41 Billion | ▼ -28.8 pp |
| 2017 | 45.5% | ฿17.90 Billion | ฿39.35 Billion | ฿24.94 Billion | ฿7.05 Billion | ▲ +248.5 pp |
| 2016 | -203.0% | ฿-7.68 Billion | ฿3.78 Billion | ฿4.33 Billion | ฿12.01 Billion | ▼ -65.2 pp |
| 2015 | -137.8% | ฿-3.44 Billion | ฿2.49 Billion | ฿2.21 Billion | ฿5.65 Billion | ▼ -156.9 pp |
| 2014 | 19.1% | ฿698.50 Million | ฿3.66 Billion | ฿1.62 Billion | ฿920.10 Million | — |