Indorama Ventures PCL (IVL) — Working Capital to Net Assets Ratio
Indorama Ventures PCL (IVL) has a Working Capital to Net Assets ratio of -3.0% as of December 2025. Working capital of ฿-3.92 Billion (current assets of ฿166.64 Billion minus current liabilities of ฿170.56 Billion) is measured against net assets of ฿128.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See IVL equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Indorama Ventures PCL Working Capital to Net Assets (2008–2025)
This chart shows how Indorama Ventures PCL's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of December 2025, the ratio stands at -3.0%, reflecting working capital of ฿-3.92 Billion against net assets of ฿128.95 Billion THB. Check tangible equity quality of Indorama Ventures PCL to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Indorama Ventures PCL (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Indorama Ventures PCL from 2008 to 2025, covering 18 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 how much is Indorama Ventures PCL worth.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -3.0% | ฿-3.92 Billion | ฿128.95 Billion | ฿166.64 Billion | ฿170.56 Billion | ▲ +3.2 pp |
| 2024 | -6.2% | ฿-8.62 Billion | ฿138.93 Billion | ฿184.12 Billion | ฿192.74 Billion | ▲ +0.5 pp |
| 2023 | -6.7% | ฿-11.99 Billion | ฿178.07 Billion | ฿189.35 Billion | ฿201.35 Billion | ▼ -13.5 pp |
| 2022 | 6.7% | ฿13.51 Billion | ฿200.89 Billion | ฿215.71 Billion | ฿202.20 Billion | ▼ -2.5 pp |
| 2021 | 9.2% | ฿15.74 Billion | ฿171.00 Billion | ฿176.86 Billion | ฿161.12 Billion | ▲ +7.2 pp |
| 2020 | 2.0% | ฿2.67 Billion | ฿135.61 Billion | ฿119.83 Billion | ฿117.16 Billion | ▼ -2.2 pp |
| 2019 | 4.2% | ฿5.77 Billion | ฿138.17 Billion | ฿118.76 Billion | ฿112.99 Billion | ▼ -2.8 pp |
| 2018 | 7.0% | ฿10.58 Billion | ฿151.86 Billion | ฿124.28 Billion | ฿113.70 Billion | ▼ -16.0 pp |
| 2017 | 23.0% | ฿27.33 Billion | ฿118.99 Billion | ฿92.95 Billion | ฿65.62 Billion | ▲ +2.7 pp |
| 2016 | 20.3% | ฿18.63 Billion | ฿91.81 Billion | ฿84.50 Billion | ฿65.86 Billion | ▲ +4.4 pp |
| 2015 | 15.9% | ฿13.17 Billion | ฿82.95 Billion | ฿70.55 Billion | ฿57.38 Billion | ▼ -16.0 pp |
| 2014 | 31.9% | ฿24.11 Billion | ฿75.55 Billion | ฿72.18 Billion | ฿48.07 Billion | ▲ +6.8 pp |
| 2013 | 25.1% | ฿15.44 Billion | ฿61.57 Billion | ฿68.42 Billion | ฿52.98 Billion | ▲ +3.9 pp |
| 2012 | 21.2% | ฿12.67 Billion | ฿59.88 Billion | ฿59.96 Billion | ฿47.29 Billion | ▼ -20.6 pp |
| 2011 | 41.8% | ฿24.57 Billion | ฿58.78 Billion | ฿67.77 Billion | ฿43.20 Billion | ▲ +35.4 pp |
| 2010 | 6.4% | ฿2.06 Billion | ฿32.40 Billion | ฿26.14 Billion | ฿24.08 Billion | ▲ +16.3 pp |
| 2009 | -9.9% | ฿-2.22 Billion | ฿22.47 Billion | ฿23.57 Billion | ฿25.79 Billion | ▲ +0.9 pp |
| 2008 | -10.8% | ฿-4.94 Billion | ฿45.99 Billion | ฿18.84 Billion | ฿23.78 Billion | — |