S. Pack & Print Public Company Limited (SPACK) — Working Capital to Net Assets Ratio
S. Pack & Print Public Company Limited (SPACK) has a Working Capital to Net Assets ratio of -1.2% as of December 2025. Working capital of ฿-8.89 Million (current assets of ฿464.10 Million minus current liabilities of ฿472.99 Million) is measured against net assets of ฿713.49 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See S. Pack & Print Public Company Limited (SPACK) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
S. Pack & Print Public Company Limited Working Capital to Net Assets (2006–2025)
This chart shows how S. Pack & Print 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 -1.2%, reflecting working capital of ฿-8.89 Million against net assets of ฿713.49 Million THB. Check SPACK goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for S. Pack & Print Public Company Limited (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for S. Pack & Print 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 market cap of S. Pack & Print Public Company Limited.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1.2% | ฿-8.89 Million | ฿713.49 Million | ฿464.10 Million | ฿472.99 Million | ▲ +9.2 pp |
| 2024 | -10.4% | ฿-71.32 Million | ฿683.03 Million | ฿509.18 Million | ฿580.50 Million | ▲ +17.0 pp |
| 2023 | -27.4% | ฿-171.79 Million | ฿626.60 Million | ฿497.02 Million | ฿668.81 Million | ▲ +8.0 pp |
| 2022 | -35.4% | ฿-214.46 Million | ฿605.74 Million | ฿558.94 Million | ฿773.40 Million | ▼ -13.7 pp |
| 2021 | -21.7% | ฿-129.08 Million | ฿595.80 Million | ฿581.35 Million | ฿710.43 Million | ▼ -5.6 pp |
| 2020 | -16.1% | ฿-84.79 Million | ฿526.44 Million | ฿454.16 Million | ฿538.95 Million | ▲ +11.3 pp |
| 2019 | -27.4% | ฿-122.70 Million | ฿447.05 Million | ฿394.34 Million | ฿517.03 Million | ▼ -8.9 pp |
| 2018 | -18.6% | ฿-82.03 Million | ฿441.50 Million | ฿425.43 Million | ฿507.46 Million | ▼ -3.0 pp |
| 2017 | -15.6% | ฿-69.76 Million | ฿446.51 Million | ฿405.49 Million | ฿475.26 Million | ▼ -9.2 pp |
| 2016 | -6.5% | ฿-30.45 Million | ฿470.56 Million | ฿316.83 Million | ฿347.29 Million | ▼ -9.1 pp |
| 2015 | 2.6% | ฿13.13 Million | ฿506.65 Million | ฿306.95 Million | ฿293.82 Million | ▲ +3.1 pp |
| 2014 | -0.5% | ฿-2.76 Million | ฿550.91 Million | ฿358.57 Million | ฿361.33 Million | ▲ +85.8 pp |
| 2013 | -86.3% | ฿-553.58 Million | ฿641.14 Million | ฿342.30 Million | ฿895.88 Million | ▼ -98.2 pp |
| 2012 | 11.8% | ฿77.98 Million | ฿658.78 Million | ฿555.06 Million | ฿477.08 Million | ▲ +14.4 pp |
| 2011 | -2.6% | ฿-19.21 Million | ฿735.28 Million | ฿411.78 Million | ฿430.99 Million | ▼ -35.2 pp |
| 2010 | 32.5% | ฿242.59 Million | ฿745.55 Million | ฿411.96 Million | ฿169.37 Million | ▲ +18.3 pp |
| 2009 | 14.2% | ฿123.34 Million | ฿865.77 Million | ฿354.68 Million | ฿231.34 Million | ▲ +1.1 pp |
| 2008 | 13.1% | ฿121.98 Million | ฿931.14 Million | ฿312.52 Million | ฿190.53 Million | ▲ +0.4 pp |
| 2007 | 12.7% | ฿120.89 Million | ฿954.16 Million | ฿367.57 Million | ฿246.69 Million | ▼ -2.3 pp |
| 2006 | 15.0% | ฿136.83 Million | ฿913.81 Million | ฿386.59 Million | ฿249.75 Million | — |