Noble Development Balance Sheet Health
Financial Health criteria checks 2/6
Noble Development has a total shareholder equity of THB6.3B and total debt of THB14.8B, which brings its debt-to-equity ratio to 235.2%. Its total assets and total liabilities are THB25.2B and THB18.9B respectively. Noble Development's EBIT is THB649.4M making its interest coverage ratio 1.8. It has cash and short-term investments of THB925.0M.
Key information
235.2%
Debt to equity ratio
฿14.77b
Debt
| Interest coverage ratio | 1.8x |
| Cash | ฿924.95m |
| Equity | ฿6.28b |
| Total liabilities | ฿18.94b |
| Total assets | ฿25.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLE-R's short term assets (THB22.2B) exceed its short term liabilities (THB7.1B).
Long Term Liabilities: NOBLE-R's short term assets (THB22.2B) exceed its long term liabilities (THB11.8B).
Debt to Equity History and Analysis
Debt Level: NOBLE-R's net debt to equity ratio (220.5%) is considered high.
Reducing Debt: NOBLE-R's debt to equity ratio has increased from 230.8% to 235.2% over the past 5 years.
Debt Coverage: NOBLE-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOBLE-R's interest payments on its debt are not well covered by EBIT (1.8x coverage).