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 -32.4% as of March 2026. Working capital of €-12.31 Billion (current assets of €26.56 Billion minus current liabilities of €38.87 Billion) is measured against net assets of €37.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bangkok Expressway and Metro PCL F defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bangkok Expressway and Metro PCL F Working Capital to Net Assets (2016–2025)
This chart shows how Bangkok Expressway and Metro PCL F's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at -32.4%, reflecting working capital of €-12.31 Billion against net assets of €37.93 Billion EUR. For the complete balance sheet picture, see Bangkok Expressway and Metro PCL F total assets.
Annual Working Capital to Net Assets for Bangkok Expressway and Metro PCL F (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bangkok Expressway and Metro PCL F from 2016 to 2025, covering 10 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 Bangkok Expressway and Metro PCL F (B4X) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -47.8% | €-17.68 Billion | €37.00 Billion | €24.66 Billion | €42.33 Billion | ▼ -9.7 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 | — |