Thanulux Public Company Limited (TNL) — Working Capital to Net Assets Ratio
Thanulux Public Company Limited (TNL) has a Working Capital to Net Assets ratio of 63.4% as of September 2025. Working capital of ฿6.85 Billion (current assets of ฿7.95 Billion minus current liabilities of ฿1.09 Billion) is measured against net assets of ฿10.80 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TNL days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thanulux Public Company Limited Working Capital to Net Assets (2004–2024)
This chart shows how Thanulux Public Company Limited's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 63.4%, reflecting working capital of ฿6.85 Billion against net assets of ฿10.80 Billion THB. For the complete balance sheet picture, see balance sheet size of Thanulux Public Company Limited.
Annual Working Capital to Net Assets for Thanulux Public Company Limited (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thanulux Public Company Limited from 2004 to 2024, 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. Check asset resilience ratio of Thanulux Public Company Limited to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 52.6% | ฿5.57 Billion | ฿10.60 Billion | ฿7.43 Billion | ฿1.86 Billion | ▼ -4.3 pp |
| 2023 | 56.9% | ฿5.97 Billion | ฿10.49 Billion | ฿7.08 Billion | ฿1.10 Billion | ▲ +17.3 pp |
| 2022 | 39.6% | ฿2.80 Billion | ฿7.07 Billion | ฿6.02 Billion | ฿3.22 Billion | ▲ +10.4 pp |
| 2021 | 29.2% | ฿1.16 Billion | ฿3.98 Billion | ฿1.34 Billion | ฿179.40 Million | ▼ -0.6 pp |
| 2020 | 29.8% | ฿1.13 Billion | ฿3.79 Billion | ฿1.34 Billion | ฿212.48 Million | ▲ +1.4 pp |
| 2019 | 28.4% | ฿1.07 Billion | ฿3.78 Billion | ฿1.25 Billion | ฿174.75 Million | ▼ -2.3 pp |
| 2018 | 30.7% | ฿1.15 Billion | ฿3.76 Billion | ฿1.36 Billion | ฿202.35 Million | ▲ +0.1 pp |
| 2017 | 30.5% | ฿1.15 Billion | ฿3.76 Billion | ฿1.37 Billion | ฿226.11 Million | ▼ -3.1 pp |
| 2016 | 33.7% | ฿1.18 Billion | ฿3.51 Billion | ฿1.42 Billion | ฿239.50 Million | ▼ -3.2 pp |
| 2015 | 36.8% | ฿1.23 Billion | ฿3.33 Billion | ฿1.47 Billion | ฿247.21 Million | ▼ -3.1 pp |
| 2014 | 39.9% | ฿1.32 Billion | ฿3.31 Billion | ฿1.60 Billion | ฿283.74 Million | ▼ -1.6 pp |
| 2013 | 41.6% | ฿1.31 Billion | ฿3.15 Billion | ฿1.55 Billion | ฿242.81 Million | ▲ +4.3 pp |
| 2012 | 37.2% | ฿1.27 Billion | ฿3.40 Billion | ฿1.59 Billion | ฿328.24 Million | ▲ +5.2 pp |
| 2011 | 32.0% | ฿956.52 Million | ฿2.99 Billion | ฿1.27 Billion | ฿314.58 Million | ▲ +2.5 pp |
| 2010 | 29.5% | ฿818.30 Million | ฿2.77 Billion | ฿1.16 Billion | ฿344.99 Million | ▼ -7.1 pp |
| 2009 | 36.6% | ฿981.48 Million | ฿2.68 Billion | ฿1.25 Billion | ฿264.03 Million | ▲ +0.7 pp |
| 2007 | 35.9% | ฿890.66 Million | ฿2.48 Billion | ฿1.15 Billion | ฿260.41 Million | ▲ +2.1 pp |
| 2006 | 33.8% | ฿823.17 Million | ฿2.44 Billion | ฿1.12 Billion | ฿299.82 Million | ▲ +1.2 pp |
| 2005 | 32.5% | ฿766.75 Million | ฿2.36 Billion | ฿1.09 Billion | ฿320.10 Million | ▲ +1.7 pp |
| 2004 | 30.8% | ฿641.00 Million | ฿2.08 Billion | ฿920.24 Million | ฿279.24 Million | — |