The Steel Public Company Limited Working Capital to Net Assets Ratio
The Steel Public Company Limited working capital to net assets ratio. The Steel Public Company Limited (THE) has a Working Capital to Net Assets ratio of 8.8% as of September 2025. Working capital of ฿167.46 Million (current assets of ฿1.95 Billion minus current liabilities of ฿1.78 Billion) is measured against net assets of ฿1.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of The Steel Public Company Limited 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 The Steel Public Company Limited (2006–2024)
Working capital to net assets ratio of The Steel Public Company Limited from 2006 to 2024. This chart shows how The Steel Public Company Limited's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at 8.8%, reflecting working capital of ฿167.46 Million against net assets of ฿1.91 Billion THB. See operational self-sufficiency of The Steel Public Company Limited to measure how many days the company can operate on defensive assets alone.
The Steel Public Company Limited Working Capital to Net Assets Ratio by Year (2006–2024)
The Steel Public Company Limited working capital to net assets ratio by year from 2006 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for The Steel Public Company Limited from 2006 to 2024, covering 19 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 THE total asset value.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 7.7% | ฿148.38 Million | ฿1.93 Billion | ฿2.48 Billion | ฿2.33 Billion | ▲ +5.1 pp |
| 2023 | 2.6% | ฿51.80 Million | ฿2.02 Billion | ฿2.38 Billion | ฿2.33 Billion | ▼ -15.8 pp |
| 2022 | 18.4% | ฿408.20 Million | ฿2.22 Billion | ฿3.35 Billion | ฿2.94 Billion | ▼ -11.6 pp |
| 2021 | 29.9% | ฿756.96 Million | ฿2.53 Billion | ฿3.80 Billion | ฿3.04 Billion | ▲ +29.6 pp |
| 2020 | 0.4% | ฿6.01 Million | ฿1.62 Billion | ฿2.68 Billion | ฿2.67 Billion | ▲ +0.9 pp |
| 2019 | -0.5% | ฿-9.10 Million | ฿1.79 Billion | ฿3.48 Billion | ฿3.49 Billion | ▲ +2.8 pp |
| 2018 | -3.3% | ฿-55.76 Million | ฿1.67 Billion | ฿3.32 Billion | ฿3.37 Billion | ▼ -10.5 pp |
| 2017 | 7.2% | ฿134.70 Million | ฿1.87 Billion | ฿3.94 Billion | ฿3.80 Billion | ▼ -36.9 pp |
| 2016 | 44.0% | ฿760.32 Million | ฿1.73 Billion | ฿4.34 Billion | ฿3.58 Billion | ▲ +10.1 pp |
| 2015 | 34.0% | ฿474.53 Million | ฿1.40 Billion | ฿3.16 Billion | ฿2.69 Billion | ▲ +23.5 pp |
| 2014 | 10.4% | ฿82.19 Million | ฿786.55 Million | ฿3.27 Billion | ฿3.18 Billion | ▼ -5.4 pp |
| 2013 | 15.8% | ฿106.18 Million | ฿671.14 Million | ฿3.29 Billion | ฿3.18 Billion | ▼ -41.4 pp |
| 2012 | 57.2% | ฿663.88 Million | ฿1.16 Billion | ฿4.94 Billion | ฿4.28 Billion | ▼ -9.2 pp |
| 2011 | 66.4% | ฿751.60 Million | ฿1.13 Billion | ฿4.64 Billion | ฿3.89 Billion | ▲ +20.2 pp |
| 2010 | 46.2% | ฿475.21 Million | ฿1.03 Billion | ฿2.25 Billion | ฿1.77 Billion | ▼ -5.8 pp |
| 2009 | 52.1% | ฿455.31 Million | ฿874.42 Million | ฿1.56 Billion | ฿1.10 Billion | ▼ -23.5 pp |
| 2008 | 75.5% | ฿681.85 Million | ฿902.54 Million | ฿1.45 Billion | ฿766.84 Million | ▼ -10.6 pp |
| 2007 | 86.2% | ฿736.87 Million | ฿854.94 Million | ฿1.37 Billion | ฿633.71 Million | ▲ +12.6 pp |
| 2006 | 73.6% | ฿321.30 Million | ฿436.74 Million | ฿2.16 Billion | ฿1.84 Billion | — |