Noble Development Balance Sheet Health
Financial Health criteria checks 3/6
Noble Development has a total shareholder equity of THB6.0B and total debt of THB12.4B, which brings its debt-to-equity ratio to 206.1%. Its total assets and total liabilities are THB22.3B and THB16.3B respectively. Noble Development's EBIT is THB549.7M making its interest coverage ratio 1.8. It has cash and short-term investments of THB878.4M.
Key information
206.1%
Debt to equity ratio
฿12.38b
Debt
Interest coverage ratio | 1.8x |
Cash | ฿878.42m |
Equity | ฿6.01b |
Total liabilities | ฿16.31b |
Total assets | ฿22.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLE-W2-R's short term assets (THB19.6B) exceed its short term liabilities (THB8.2B).
Long Term Liabilities: NOBLE-W2-R's short term assets (THB19.6B) exceed its long term liabilities (THB8.1B).
Debt to Equity History and Analysis
Debt Level: NOBLE-W2-R's net debt to equity ratio (191.5%) is considered high.
Reducing Debt: NOBLE-W2-R's debt to equity ratio has reduced from 223.6% to 206.1% over the past 5 years.
Debt Coverage: NOBLE-W2-R's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOBLE-W2-R's interest payments on its debt are not well covered by EBIT (1.8x coverage).