Thai Ha Public Company Limited (KASET) — Working Capital to Net Assets Ratio
Thai Ha Public Company Limited (KASET) has a Working Capital to Net Assets ratio of -76.4% as of December 2025. Working capital of ฿-161.17 Million (current assets of ฿154.82 Million minus current liabilities of ฿315.99 Million) is measured against net assets of ฿210.99 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Thai Ha Public Company Limited fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Ha Public Company Limited Working Capital to Net Assets (2004–2025)
This chart shows how Thai Ha Public Company Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at -76.4%, reflecting working capital of ฿-161.17 Million against net assets of ฿210.99 Million THB. For the complete balance sheet picture, see how large is Thai Ha Public Company Limited's balance sheet.
Annual Working Capital to Net Assets for Thai Ha Public Company Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Ha Public Company Limited from 2004 to 2025, covering 22 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 KASET asset resilience 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 | -76.4% | ฿-161.17 Million | ฿210.99 Million | ฿154.82 Million | ฿315.99 Million | ▼ -20.8 pp |
| 2024 | -55.6% | ฿-156.91 Million | ฿282.25 Million | ฿200.99 Million | ฿357.90 Million | ▼ -18.5 pp |
| 2023 | -37.1% | ฿-115.29 Million | ฿310.45 Million | ฿231.34 Million | ฿346.64 Million | ▼ -33.6 pp |
| 2022 | -3.5% | ฿-13.94 Million | ฿394.66 Million | ฿323.29 Million | ฿337.24 Million | ▲ +14.1 pp |
| 2021 | -17.7% | ฿-41.75 Million | ฿236.43 Million | ฿380.92 Million | ฿422.68 Million | ▼ -32.2 pp |
| 2020 | 14.5% | ฿43.62 Million | ฿300.33 Million | ฿352.67 Million | ฿309.05 Million | ▼ -19.2 pp |
| 2019 | 33.7% | ฿109.65 Million | ฿325.04 Million | ฿408.10 Million | ฿298.45 Million | ▼ -14.7 pp |
| 2018 | 48.5% | ฿177.81 Million | ฿366.88 Million | ฿531.64 Million | ฿353.83 Million | ▲ +1.7 pp |
| 2017 | 46.8% | ฿164.26 Million | ฿350.89 Million | ฿514.49 Million | ฿350.23 Million | ▲ +3.2 pp |
| 2016 | 43.6% | ฿148.18 Million | ฿340.13 Million | ฿485.87 Million | ฿337.69 Million | ▼ -1.6 pp |
| 2015 | 45.1% | ฿157.67 Million | ฿349.47 Million | ฿567.70 Million | ฿410.03 Million | ▲ +12.0 pp |
| 2014 | 33.1% | ฿88.31 Million | ฿266.78 Million | ฿487.04 Million | ฿398.72 Million | ▲ +12.5 pp |
| 2013 | 20.6% | ฿51.14 Million | ฿248.67 Million | ฿488.37 Million | ฿437.23 Million | ▼ -4.2 pp |
| 2012 | 24.7% | ฿75.33 Million | ฿304.41 Million | ฿553.03 Million | ฿477.70 Million | ▼ -8.3 pp |
| 2011 | 33.1% | ฿143.16 Million | ฿433.03 Million | ฿896.45 Million | ฿753.29 Million | ▲ +25.7 pp |
| 2010 | 7.4% | ฿19.81 Million | ฿268.03 Million | ฿911.89 Million | ฿892.08 Million | ▼ -11.6 pp |
| 2009 | 19.0% | ฿50.20 Million | ฿263.77 Million | ฿982.35 Million | ฿932.15 Million | ▼ -9.1 pp |
| 2008 | 28.2% | ฿72.94 Million | ฿259.01 Million | ฿786.61 Million | ฿713.67 Million | ▲ +9.2 pp |
| 2007 | 19.0% | ฿41.89 Million | ฿220.42 Million | ฿673.79 Million | ฿631.90 Million | ▲ +0.7 pp |
| 2006 | 18.3% | ฿39.40 Million | ฿215.80 Million | ฿538.59 Million | ฿499.20 Million | ▲ +4.0 pp |
| 2005 | 14.3% | ฿30.12 Million | ฿210.80 Million | ฿415.56 Million | ฿385.44 Million | ▲ +10.9 pp |
| 2004 | 3.4% | ฿6.37 Million | ฿186.26 Million | ฿463.64 Million | ฿457.27 Million | — |