Thai Wah Public Company Limited (TWPC) — Working Capital to Net Assets Ratio
Thai Wah Public Company Limited (TWPC) has a Working Capital to Net Assets ratio of 30.0% as of March 2026. Working capital of ฿1.72 Billion (current assets of ฿4.07 Billion minus current liabilities of ฿2.35 Billion) is measured against net assets of ฿5.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TWPC FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Wah Public Company Limited Working Capital to Net Assets (2005–2025)
This chart shows how Thai Wah Public Company Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of March 2026, the ratio stands at 30.0%, reflecting working capital of ฿1.72 Billion against net assets of ฿5.74 Billion THB. See defensive interval ratio of Thai Wah Public Company Limited to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Thai Wah Public Company Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Wah Public Company Limited from 2005 to 2025, covering 21 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 TWPC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 34.5% | ฿1.92 Billion | ฿5.57 Billion | ฿3.54 Billion | ฿1.62 Billion | ▲ +2.3 pp |
| 2024 | 32.2% | ฿1.66 Billion | ฿5.16 Billion | ฿3.74 Billion | ฿2.08 Billion | ▼ -4.4 pp |
| 2023 | 36.6% | ฿1.97 Billion | ฿5.39 Billion | ฿4.55 Billion | ฿2.57 Billion | ▼ -7.2 pp |
| 2022 | 43.8% | ฿2.47 Billion | ฿5.64 Billion | ฿4.04 Billion | ฿1.57 Billion | ▲ +10.8 pp |
| 2021 | 33.0% | ฿1.83 Billion | ฿5.53 Billion | ฿4.06 Billion | ฿2.23 Billion | ▼ -15.0 pp |
| 2020 | 48.0% | ฿2.50 Billion | ฿5.21 Billion | ฿3.49 Billion | ฿993.49 Million | ▲ +5.4 pp |
| 2019 | 42.6% | ฿2.26 Billion | ฿5.30 Billion | ฿3.24 Billion | ฿986.85 Million | ▲ +2.3 pp |
| 2018 | 40.3% | ฿2.36 Billion | ฿5.87 Billion | ฿3.16 Billion | ฿794.08 Million | ▲ +0.7 pp |
| 2017 | 39.6% | ฿2.34 Billion | ฿5.91 Billion | ฿3.15 Billion | ฿808.47 Million | ▲ +1.3 pp |
| 2016 | 38.3% | ฿2.05 Billion | ฿5.34 Billion | ฿2.80 Billion | ฿750.17 Million | ▼ -1.2 pp |
| 2015 | 39.5% | ฿1.95 Billion | ฿4.92 Billion | ฿2.52 Billion | ฿570.15 Million | ▲ +12.0 pp |
| 2014 | 27.6% | ฿421.38 Million | ฿1.53 Billion | ฿623.94 Million | ฿202.56 Million | ▼ -25.6 pp |
| 2013 | 53.2% | ฿731.91 Million | ฿1.38 Billion | ฿923.08 Million | ฿191.17 Million | ▲ +5.6 pp |
| 2012 | 47.6% | ฿544.91 Million | ฿1.14 Billion | ฿723.08 Million | ฿178.17 Million | ▲ +4.5 pp |
| 2011 | 43.1% | ฿431.62 Million | ฿1.00 Billion | ฿575.01 Million | ฿143.40 Million | ▲ +8.4 pp |
| 2010 | 34.6% | ฿313.59 Million | ฿905.10 Million | ฿450.56 Million | ฿136.98 Million | ▼ 0.0 pp |
| 2009 | 34.7% | ฿282.39 Million | ฿814.47 Million | ฿437.93 Million | ฿155.54 Million | ▲ +14.6 pp |
| 2008 | 20.0% | ฿133.88 Million | ฿668.48 Million | ฿330.70 Million | ฿196.82 Million | ▲ +7.9 pp |
| 2007 | 12.2% | ฿69.69 Million | ฿572.58 Million | ฿272.14 Million | ฿202.45 Million | ▲ +1.5 pp |
| 2006 | 10.7% | ฿76.74 Million | ฿716.45 Million | ฿282.57 Million | ฿205.83 Million | ▼ -0.6 pp |
| 2005 | 11.3% | ฿68.66 Million | ฿605.44 Million | ฿312.05 Million | ฿243.39 Million | — |