Thai Airways International Public Company Limited Working Capital to Net Assets Ratio
Thai Airways International Public Company Limited working capital to net assets ratio. Thai Airways International Public Company Limited (THAI) has a Working Capital to Net Assets ratio of 94.3% as of September 2025. Working capital of ฿67.85 Billion (current assets of ฿145.33 Billion minus current liabilities of ฿77.47 Billion) is measured against net assets of ฿71.98 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Thai Airways International Public Compan tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Thai Airways International Public Company Limited (2013–2024)
Working capital to net assets ratio of Thai Airways International Public Company Limited from 2013 to 2024. This chart shows how Thai Airways International Public Company Limited's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 94.3%, reflecting working capital of ฿67.85 Billion against net assets of ฿71.98 Billion THB. See THAI defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Thai Airways International Public Company Limited Working Capital to Net Assets Ratio by Year (2013–2024)
Thai Airways International Public Company Limited working capital to net assets ratio by year from 2013 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Airways International Public Company Limited from 2013 to 2024, covering 12 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 the complete balance sheet picture, see THAI total assets.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 128.2% | ฿58.42 Billion | ฿45.59 Billion | ฿135.01 Billion | ฿76.59 Billion | ▲ +174.2 pp |
| 2023 | -46.1% | ฿19.88 Billion | ฿-43.14 Billion | ฿94.08 Billion | ฿74.20 Billion | ▼ -51.5 pp |
| 2022 | 5.4% | ฿-3.85 Billion | ฿-71.02 Billion | ฿59.80 Billion | ฿63.66 Billion | ▼ -26.2 pp |
| 2021 | 31.7% | ฿-22.55 Billion | ฿-71.25 Billion | ฿24.80 Billion | ฿47.35 Billion | ▼ -187.4 pp |
| 2020 | 219.1% | ฿-281.85 Billion | ฿-128.66 Billion | ฿20.25 Billion | ฿302.10 Billion | ▲ +525.7 pp |
| 2019 | -306.7% | ฿-36.08 Billion | ฿11.77 Billion | ฿45.68 Billion | ฿81.76 Billion | ▼ -87.8 pp |
| 2018 | -218.9% | ฿-44.78 Billion | ฿20.46 Billion | ฿44.13 Billion | ฿88.91 Billion | ▼ -89.8 pp |
| 2017 | -129.1% | ฿-41.34 Billion | ฿32.01 Billion | ฿51.52 Billion | ฿92.86 Billion | ▼ -45.3 pp |
| 2016 | -83.8% | ฿-28.15 Billion | ฿33.59 Billion | ฿59.37 Billion | ฿87.52 Billion | ▼ -6.2 pp |
| 2015 | -77.6% | ฿-25.55 Billion | ฿32.93 Billion | ฿70.48 Billion | ฿96.02 Billion | ▲ +14.0 pp |
| 2014 | -91.6% | ฿-37.82 Billion | ฿41.30 Billion | ฿64.28 Billion | ฿102.11 Billion | ▼ -49.6 pp |
| 2013 | -42.0% | ฿-23.88 Billion | ฿56.92 Billion | ฿58.48 Billion | ฿82.37 Billion | — |