Pan Asia Footwear Public Company Limited (PAF) — Working Capital to Net Assets Ratio
Pan Asia Footwear Public Company Limited (PAF) has a Working Capital to Net Assets ratio of 36.5% as of December 2025. Working capital of ฿236.76 Million (current assets of ฿526.65 Million minus current liabilities of ฿289.89 Million) is measured against net assets of ฿648.84 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pan Asia Footwear Public Company Limited free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pan Asia Footwear Public Company Limited Working Capital to Net Assets (2006–2025)
This chart shows how Pan Asia Footwear Public Company Limited's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of December 2025, the ratio stands at 36.5%, reflecting working capital of ฿236.76 Million against net assets of ฿648.84 Million THB. See operational self-sufficiency of Pan Asia Footwear Public Company Limited to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Pan Asia Footwear Public Company Limited (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pan Asia Footwear Public Company Limited from 2006 to 2025, covering 20 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 Pan Asia Footwear Public Company Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.5% | ฿236.76 Million | ฿648.84 Million | ฿526.65 Million | ฿289.89 Million | ▲ +10.1 pp |
| 2024 | 26.4% | ฿164.80 Million | ฿624.64 Million | ฿431.24 Million | ฿266.44 Million | ▼ -3.4 pp |
| 2023 | 29.8% | ฿189.20 Million | ฿635.52 Million | ฿494.36 Million | ฿305.16 Million | ▲ +1.8 pp |
| 2022 | 27.9% | ฿174.85 Million | ฿625.67 Million | ฿554.34 Million | ฿379.49 Million | ▲ +5.6 pp |
| 2021 | 22.3% | ฿136.63 Million | ฿611.67 Million | ฿285.61 Million | ฿148.99 Million | ▼ -1.9 pp |
| 2020 | 24.3% | ฿151.18 Million | ฿622.79 Million | ฿271.56 Million | ฿120.38 Million | ▼ -1.6 pp |
| 2019 | 25.9% | ฿140.16 Million | ฿541.35 Million | ฿301.25 Million | ฿161.08 Million | ▲ +11.6 pp |
| 2018 | 14.3% | ฿69.94 Million | ฿489.24 Million | ฿296.98 Million | ฿227.04 Million | ▲ +0.5 pp |
| 2017 | 13.7% | ฿59.51 Million | ฿432.86 Million | ฿307.98 Million | ฿248.47 Million | ▼ -5.5 pp |
| 2016 | 19.2% | ฿93.17 Million | ฿484.57 Million | ฿327.86 Million | ฿234.69 Million | ▼ -28.0 pp |
| 2015 | 47.3% | ฿129.69 Million | ฿274.40 Million | ฿406.29 Million | ฿276.60 Million | ▲ +284.1 pp |
| 2014 | -236.9% | ฿-155.90 Million | ฿65.82 Million | ฿439.20 Million | ฿595.10 Million | ▼ -39.8 pp |
| 2013 | -197.1% | ฿-68.69 Million | ฿34.86 Million | ฿586.36 Million | ฿655.06 Million | ▼ -316.3 pp |
| 2012 | 119.2% | ฿-313.84 Million | ฿-263.24 Million | ฿1.52 Billion | ฿1.83 Billion | ▲ +201.4 pp |
| 2011 | -82.1% | ฿-408.52 Million | ฿497.37 Million | ฿1.29 Billion | ฿1.70 Billion | ▲ +58.7 pp |
| 2010 | -140.8% | ฿-696.70 Million | ฿494.78 Million | ฿1.32 Billion | ฿2.01 Billion | ▼ -102.9 pp |
| 2009 | -38.0% | ฿-463.73 Million | ฿1.22 Billion | ฿1.33 Billion | ฿1.79 Billion | ▼ -11.3 pp |
| 2008 | -26.6% | ฿-456.11 Million | ฿1.71 Billion | ฿1.85 Billion | ฿2.31 Billion | ▲ +3.6 pp |
| 2007 | -30.3% | ฿-763.02 Million | ฿2.52 Billion | ฿1.99 Billion | ฿2.75 Billion | ▲ +8.1 pp |
| 2006 | -38.4% | ฿-965.90 Million | ฿2.51 Billion | ฿2.08 Billion | ฿3.05 Billion | — |