International Research Corporation Public Company Limited (IRCP) — Working Capital to Net Assets Ratio
International Research Corporation Public Company Limited (IRCP) has a Working Capital to Net Assets ratio of 70.2% as of March 2026. Working capital of ฿310.75 Million (current assets of ฿852.41 Million minus current liabilities of ฿541.66 Million) is measured against net assets of ฿442.62 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See International Research Corporation Publi leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
International Research Corporation Public Company Limited Working Capital to Net Assets (2003–2025)
This chart shows how International Research Corporation Public Company Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2003 to 2025. As of March 2026, the ratio stands at 70.2%, reflecting working capital of ฿310.75 Million against net assets of ฿442.62 Million THB. See International Research Corporation Publi defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for International Research Corporation Public Company Limited (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for International Research Corporation Public Company Limited from 2003 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 IRCP stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 68.7% | ฿301.10 Million | ฿438.10 Million | ฿849.52 Million | ฿548.42 Million | ▼ -4.1 pp |
| 2024 | 72.8% | ฿443.38 Million | ฿608.71 Million | ฿919.56 Million | ฿476.19 Million | ▲ +6.4 pp |
| 2023 | 66.5% | ฿402.87 Million | ฿606.10 Million | ฿995.54 Million | ฿592.67 Million | ▲ +9.4 pp |
| 2022 | 57.1% | ฿303.59 Million | ฿532.09 Million | ฿763.08 Million | ฿459.49 Million | ▲ +48.9 pp |
| 2021 | 8.2% | ฿25.92 Million | ฿317.90 Million | ฿490.03 Million | ฿464.12 Million | ▲ +129.4 pp |
| 2020 | -121.3% | ฿-204.71 Million | ฿168.83 Million | ฿545.94 Million | ฿750.65 Million | ▲ +6.9 pp |
| 2019 | -128.1% | ฿-245.36 Million | ฿191.47 Million | ฿626.96 Million | ฿872.32 Million | ▼ -68.5 pp |
| 2018 | -59.6% | ฿-173.17 Million | ฿290.43 Million | ฿717.23 Million | ฿890.40 Million | ▼ -120.2 pp |
| 2017 | 60.6% | ฿215.12 Million | ฿355.04 Million | ฿857.36 Million | ฿642.24 Million | ▼ -15.3 pp |
| 2016 | 75.9% | ฿273.47 Million | ฿360.33 Million | ฿927.84 Million | ฿654.38 Million | ▼ -3.8 pp |
| 2015 | 79.7% | ฿390.71 Million | ฿489.97 Million | ฿974.22 Million | ฿583.51 Million | ▼ -2.4 pp |
| 2014 | 82.1% | ฿402.08 Million | ฿489.44 Million | ฿1.21 Billion | ฿808.71 Million | ▲ +15.7 pp |
| 2013 | 66.4% | ฿265.43 Million | ฿399.50 Million | ฿734.52 Million | ฿469.09 Million | ▼ -3.5 pp |
| 2012 | 70.0% | ฿240.01 Million | ฿343.09 Million | ฿583.95 Million | ฿343.94 Million | ▲ +8.0 pp |
| 2011 | 62.0% | ฿200.74 Million | ฿324.04 Million | ฿606.66 Million | ฿405.92 Million | ▲ +25.6 pp |
| 2010 | 36.3% | ฿108.39 Million | ฿298.36 Million | ฿854.66 Million | ฿746.27 Million | ▲ +39.5 pp |
| 2009 | -3.1% | ฿-5.70 Million | ฿181.02 Million | ฿527.13 Million | ฿532.83 Million | ▲ +14.5 pp |
| 2008 | -17.7% | ฿-30.07 Million | ฿170.03 Million | ฿592.06 Million | ฿622.13 Million | ▼ -29.2 pp |
| 2007 | 11.5% | ฿29.12 Million | ฿253.38 Million | ฿805.14 Million | ฿776.02 Million | ▼ -44.9 pp |
| 2004 | 56.4% | ฿158.41 Million | ฿280.92 Million | ฿264.04 Million | ฿105.63 Million | ▲ +3.4 pp |
| 2003 | 53.0% | ฿117.51 Million | ฿221.59 Million | ฿306.33 Million | ฿188.82 Million | — |