Pha Lai Thermal Power JSC (PPC) — Working Capital to Net Assets Ratio
Pha Lai Thermal Power JSC (PPC) has a Working Capital to Net Assets ratio of 39.9% as of March 2026. Working capital of ₫1.82 Trillion (current assets of ₫2.69 Trillion minus current liabilities of ₫865.81 Billion) is measured against net assets of ₫4.56 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pha Lai Thermal Power JSC financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pha Lai Thermal Power JSC Working Capital to Net Assets (2019–2025)
This chart shows how Pha Lai Thermal Power JSC's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 39.9%, reflecting working capital of ₫1.82 Trillion against net assets of ₫4.56 Trillion VND. See Pha Lai Thermal Power JSC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Pha Lai Thermal Power JSC (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pha Lai Thermal Power JSC from 2019 to 2025, covering 7 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 PPC market cap overview.
| Year | WC/NA Ratio | Working Capital (VND) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 38.4% | ₫1.71 Trillion | ₫4.47 Trillion | ₫2.49 Trillion | ₫775.18 Billion | ▲ +0.3 pp |
| 2024 | 38.0% | ₫1.72 Trillion | ₫4.52 Trillion | ₫2.73 Trillion | ₫1.01 Trillion | ▼ -5.1 pp |
| 2023 | 43.1% | ₫2.16 Trillion | ₫5.01 Trillion | ₫2.93 Trillion | ₫767.10 Billion | ▲ +1.8 pp |
| 2022 | 41.3% | ₫2.14 Trillion | ₫5.17 Trillion | ₫2.74 Trillion | ₫602.73 Billion | ▲ +2.3 pp |
| 2021 | 39.0% | ₫1.89 Trillion | ₫4.85 Trillion | ₫2.49 Trillion | ₫594.32 Billion | ▼ -15.1 pp |
| 2020 | 54.1% | ₫3.51 Trillion | ₫6.48 Trillion | ₫4.26 Trillion | ₫749.78 Billion | ▲ +5.2 pp |
| 2019 | 48.9% | ₫2.92 Trillion | ₫5.96 Trillion | ₫4.21 Trillion | ₫1.29 Trillion | — |