Thai Plaspac Public Company Limited (TPAC) — Working Capital to Net Assets Ratio
Thai Plaspac Public Company Limited (TPAC) has a Working Capital to Net Assets ratio of -3.7% as of December 2025. Working capital of ฿-111.65 Million (current assets of ฿2.53 Billion minus current liabilities of ฿2.64 Billion) is measured against net assets of ฿3.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Thai Plaspac Public Company Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Plaspac Public Company Limited Working Capital to Net Assets (2006–2025)
This chart shows how Thai Plaspac 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 -3.7%, reflecting working capital of ฿-111.65 Million against net assets of ฿3.01 Billion THB. Check tangible equity quality of Thai Plaspac Public Company Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Thai Plaspac Public Company Limited (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Plaspac 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 TPAC company net worth.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -3.7% | ฿-111.65 Million | ฿3.01 Billion | ฿2.53 Billion | ฿2.64 Billion | ▼ -5.8 pp |
| 2024 | 2.1% | ฿62.04 Million | ฿2.93 Billion | ฿2.52 Billion | ฿2.46 Billion | ▼ -2.6 pp |
| 2023 | 4.8% | ฿131.45 Million | ฿2.76 Billion | ฿2.34 Billion | ฿2.21 Billion | ▼ -6.8 pp |
| 2022 | 11.6% | ฿299.09 Million | ฿2.58 Billion | ฿2.36 Billion | ฿2.06 Billion | ▼ -10.5 pp |
| 2021 | 22.1% | ฿548.60 Million | ฿2.48 Billion | ฿2.31 Billion | ฿1.76 Billion | ▲ +3.8 pp |
| 2020 | 18.3% | ฿388.67 Million | ฿2.12 Billion | ฿1.56 Billion | ฿1.17 Billion | ▼ -3.6 pp |
| 2019 | 21.9% | ฿404.69 Million | ฿1.85 Billion | ฿1.29 Billion | ฿882.87 Million | ▼ -15.4 pp |
| 2018 | 37.3% | ฿399.92 Million | ฿1.07 Billion | ฿1.21 Billion | ฿813.90 Million | ▼ -7.1 pp |
| 2017 | 44.4% | ฿472.76 Million | ฿1.06 Billion | ฿660.41 Million | ฿187.65 Million | ▲ +13.5 pp |
| 2016 | 31.0% | ฿312.80 Million | ฿1.01 Billion | ฿545.37 Million | ฿232.58 Million | ▲ +5.1 pp |
| 2015 | 25.9% | ฿198.47 Million | ฿767.78 Million | ฿501.33 Million | ฿302.85 Million | ▼ -6.5 pp |
| 2014 | 32.4% | ฿223.69 Million | ฿690.61 Million | ฿624.38 Million | ฿400.69 Million | ▲ +0.6 pp |
| 2013 | 31.8% | ฿207.35 Million | ฿651.35 Million | ฿563.63 Million | ฿356.29 Million | ▲ +6.9 pp |
| 2012 | 25.0% | ฿133.02 Million | ฿532.92 Million | ฿511.64 Million | ฿378.63 Million | ▲ +8.7 pp |
| 2011 | 16.2% | ฿76.77 Million | ฿473.02 Million | ฿483.54 Million | ฿406.77 Million | ▼ -6.6 pp |
| 2010 | 22.8% | ฿106.35 Million | ฿466.44 Million | ฿461.99 Million | ฿355.64 Million | ▼ -4.3 pp |
| 2009 | 27.1% | ฿111.96 Million | ฿412.78 Million | ฿369.27 Million | ฿257.31 Million | ▲ +6.3 pp |
| 2008 | 20.8% | ฿71.18 Million | ฿341.95 Million | ฿300.36 Million | ฿229.18 Million | ▲ +13.1 pp |
| 2007 | 7.7% | ฿21.84 Million | ฿283.39 Million | ฿290.87 Million | ฿269.04 Million | ▼ -12.5 pp |
| 2006 | 20.2% | ฿55.55 Million | ฿274.63 Million | ฿241.16 Million | ฿185.61 Million | — |