Bangkok Expressway and Metro PCL F (B4X) — Working Capital to Net Assets Ratio
Bangkok Expressway and Metro PCL F (B4X) has a Working Capital to Net Assets ratio of -54.4% as of September 2025. Working capital of €-19.90 Billion (current assets of €24.51 Billion minus current liabilities of €44.41 Billion) is measured against net assets of €36.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Bangkok Expressway and Metro PCL F to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bangkok Expressway and Metro PCL F Working Capital to Net Assets (2016–2024)
This chart shows how Bangkok Expressway and Metro PCL F's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at -54.4%, reflecting working capital of €-19.90 Billion against net assets of €36.57 Billion EUR. Check how tangible is Bangkok Expressway and Metro PCL F's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Bangkok Expressway and Metro PCL F (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bangkok Expressway and Metro PCL F from 2016 to 2024, covering 9 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 Bangkok Expressway and Metro PCL F (B4X) market capitalisation.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -38.1% | €-13.93 Billion | €36.56 Billion | €5.19 Billion | €19.12 Billion | ▼ -10.7 pp |
| 2023 | -27.4% | €-10.32 Billion | €37.66 Billion | €5.25 Billion | €15.57 Billion | ▼ -9.9 pp |
| 2022 | -17.5% | €-6.53 Billion | €37.26 Billion | €5.57 Billion | €12.09 Billion | ▼ -1.3 pp |
| 2021 | -16.2% | €-6.10 Billion | €37.70 Billion | €4.54 Billion | €10.65 Billion | ▲ +6.7 pp |
| 2020 | -22.8% | €-8.69 Billion | €38.03 Billion | €5.04 Billion | €13.73 Billion | ▼ -4.9 pp |
| 2019 | -18.0% | €-6.98 Billion | €38.82 Billion | €4.45 Billion | €11.43 Billion | ▲ +11.2 pp |
| 2018 | -29.2% | €-10.39 Billion | €35.61 Billion | €4.22 Billion | €14.61 Billion | ▼ -12.2 pp |
| 2017 | -17.0% | €-5.30 Billion | €31.18 Billion | €6.28 Billion | €11.58 Billion | ▼ -15.9 pp |
| 2016 | -1.1% | €-338.47 Million | €29.78 Billion | €9.22 Billion | €9.56 Billion | — |