Thanachart Capital Public Company Limited (TCAP) — Working Capital to Net Assets Ratio
Thanachart Capital Public Company Limited (TCAP) has a Working Capital to Net Assets ratio of -19.2% as of March 2026. Working capital of ฿-16.94 Billion (current assets of ฿495.61 Million minus current liabilities of ฿17.43 Billion) is measured against net assets of ฿88.34 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Thanachart Capital Public Company Limite defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thanachart Capital Public Company Limited Working Capital to Net Assets (2004–2025)
This chart shows how Thanachart Capital Public Company Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -19.2%, reflecting working capital of ฿-16.94 Billion against net assets of ฿88.34 Billion THB. For the complete balance sheet picture, see total assets of Thanachart Capital Public Company Limite.
Annual Working Capital to Net Assets for Thanachart Capital Public Company Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thanachart Capital 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 TCAP asset liquidity 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 | 32.7% | ฿28.10 Billion | ฿86.01 Billion | ฿29.99 Billion | ฿1.89 Billion | ▼ -73.8 pp |
| 2024 | 106.5% | ฿84.05 Billion | ฿78.95 Billion | ฿85.36 Billion | ฿1.31 Billion | ▼ -10.3 pp |
| 2023 | 116.8% | ฿88.89 Billion | ฿76.11 Billion | ฿90.47 Billion | ฿1.57 Billion | ▲ +85.3 pp |
| 2022 | 31.5% | ฿22.79 Billion | ฿72.42 Billion | ฿24.83 Billion | ฿2.04 Billion | ▼ -79.2 pp |
| 2021 | 110.7% | ฿82.08 Billion | ฿74.14 Billion | ฿83.27 Billion | ฿1.19 Billion | ▼ -9.6 pp |
| 2020 | 120.3% | ฿87.52 Billion | ฿72.77 Billion | ฿88.62 Billion | ฿1.10 Billion | ▲ +0.1 pp |
| 2019 | 120.2% | ฿89.01 Billion | ฿74.06 Billion | ฿105.15 Billion | ฿16.13 Billion | ▲ +144.4 pp |
| 2018 | -24.2% | ฿-33.36 Billion | ฿137.92 Billion | ฿796.62 Billion | ฿829.98 Billion | ▲ +12.1 pp |
| 2017 | -36.3% | ฿-47.23 Billion | ฿130.07 Billion | ฿759.64 Billion | ฿806.86 Billion | ▲ +7.2 pp |
| 2016 | -43.5% | ฿-52.15 Billion | ฿119.85 Billion | ฿694.24 Billion | ฿746.39 Billion | ▼ -1.1 pp |
| 2015 | -42.4% | ฿-47.25 Billion | ฿111.32 Billion | ฿712.89 Billion | ฿760.13 Billion | ▲ +9.3 pp |
| 2014 | -51.8% | ฿-53.98 Billion | ฿104.28 Billion | ฿728.24 Billion | ฿782.22 Billion | ▲ +93.7 pp |
| 2013 | -145.4% | ฿-138.79 Billion | ฿95.44 Billion | ฿770.68 Billion | ฿909.47 Billion | ▲ +33.7 pp |
| 2012 | -179.2% | ฿-152.71 Billion | ฿85.23 Billion | ฿718.01 Billion | ฿870.72 Billion | ▲ +362.2 pp |
| 2011 | -541.4% | ฿-418.01 Billion | ฿77.21 Billion | ฿82.13 Billion | ฿500.13 Billion | ▲ +51.4 pp |
| 2010 | -592.8% | ฿-425.17 Billion | ฿71.72 Billion | ฿156.75 Billion | ฿581.92 Billion | ▲ +38.2 pp |
| 2009 | -631.0% | ฿-299.14 Billion | ฿47.41 Billion | ฿65.18 Billion | ฿364.32 Billion | ▲ +119.8 pp |
| 2008 | -750.8% | ฿-242.98 Billion | ฿32.36 Billion | ฿77.56 Billion | ฿320.55 Billion | ▲ +29.2 pp |
| 2007 | -780.0% | ฿-251.65 Billion | ฿32.26 Billion | ฿9.07 Billion | ฿260.72 Billion | ▲ +115.1 pp |
| 2006 | -895.1% | ฿-214.55 Billion | ฿23.97 Billion | ฿10.08 Billion | ฿224.63 Billion | ▼ -262.7 pp |
| 2005 | -632.4% | ฿-147.89 Billion | ฿23.39 Billion | ฿7.04 Billion | ฿154.94 Billion | ▲ +59.3 pp |
| 2004 | -691.7% | ฿-148.68 Billion | ฿21.49 Billion | ฿11.39 Billion | ฿160.07 Billion | — |