TPC Power Holding Public Company Limited (TPCH) — Working Capital to Net Assets Ratio
TPC Power Holding Public Company Limited (TPCH) has a Working Capital to Net Assets ratio of 20.7% as of December 2025. Working capital of ฿733.62 Million (current assets of ฿1.86 Billion minus current liabilities of ฿1.13 Billion) is measured against net assets of ฿3.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of TPC Power Holding Public Company Limited to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TPC Power Holding Public Company Limited Working Capital to Net Assets (2011–2025)
This chart shows how TPC Power Holding Public Company Limited's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at 20.7%, reflecting working capital of ฿733.62 Million against net assets of ฿3.55 Billion THB. For the complete balance sheet picture, see TPC Power Holding Public Company Limited asset portfolio.
Annual Working Capital to Net Assets for TPC Power Holding Public Company Limited (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TPC Power Holding Public Company Limited from 2011 to 2025, covering 15 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 TPCH cash and liquid asset 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 | 20.7% | ฿733.62 Million | ฿3.55 Billion | ฿1.86 Billion | ฿1.13 Billion | ▲ +16.5 pp |
| 2024 | 4.2% | ฿156.80 Million | ฿3.77 Billion | ฿2.12 Billion | ฿1.96 Billion | ▲ +15.1 pp |
| 2023 | -11.0% | ฿-426.65 Million | ฿3.88 Billion | ฿1.98 Billion | ฿2.41 Billion | ▼ -15.3 pp |
| 2022 | 4.3% | ฿168.87 Million | ฿3.92 Billion | ฿1.35 Billion | ฿1.18 Billion | ▼ -3.1 pp |
| 2021 | 7.4% | ฿278.20 Million | ฿3.75 Billion | ฿1.59 Billion | ฿1.31 Billion | ▲ +26.4 pp |
| 2020 | -19.0% | ฿-769.74 Million | ฿4.05 Billion | ฿822.54 Million | ฿1.59 Billion | ▼ -19.5 pp |
| 2019 | 0.5% | ฿16.74 Million | ฿3.71 Billion | ฿1.10 Billion | ฿1.08 Billion | ▼ -8.2 pp |
| 2018 | 8.7% | ฿282.96 Million | ฿3.27 Billion | ฿1.10 Billion | ฿816.33 Million | ▲ +2.2 pp |
| 2017 | 6.4% | ฿176.57 Million | ฿2.75 Billion | ฿834.72 Million | ฿658.14 Million | ▼ -27.7 pp |
| 2016 | 34.1% | ฿831.92 Million | ฿2.44 Billion | ฿1.16 Billion | ฿331.43 Million | ▼ -12.9 pp |
| 2015 | 47.0% | ฿1.00 Billion | ฿2.14 Billion | ฿1.27 Billion | ฿261.01 Million | ▼ -23.8 pp |
| 2014 | 70.8% | ฿1.38 Billion | ฿1.95 Billion | ฿1.62 Billion | ฿242.17 Million | ▲ +21.6 pp |
| 2013 | 49.3% | ฿323.94 Million | ฿657.74 Million | ฿430.52 Million | ฿106.59 Million | ▲ +31.2 pp |
| 2012 | 18.0% | ฿41.13 Million | ฿227.96 Million | ฿52.53 Million | ฿11.40 Million | ▼ -54.6 pp |
| 2011 | 72.6% | ฿93.83 Million | ฿129.15 Million | ฿94.97 Million | ฿1.14 Million | — |