Noble Development Balance Sheet Health
Financial Health criteria checks 2/6
Noble Development has a total shareholder equity of THB6.5B and total debt of THB15.8B, which brings its debt-to-equity ratio to 244.3%. Its total assets and total liabilities are THB26.3B and THB19.8B respectively. Noble Development's EBIT is THB713.7M making its interest coverage ratio 2.1. It has cash and short-term investments of THB2.5B.
Key information
244.3%
Debt to equity ratio
฿15.77b
Debt
Interest coverage ratio | 2.1x |
Cash | ฿2.52b |
Equity | ฿6.46b |
Total liabilities | ฿19.81b |
Total assets | ฿26.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLE's short term assets (THB23.2B) exceed its short term liabilities (THB6.9B).
Long Term Liabilities: NOBLE's short term assets (THB23.2B) exceed its long term liabilities (THB12.9B).
Debt to Equity History and Analysis
Debt Level: NOBLE's net debt to equity ratio (205.3%) is considered high.
Reducing Debt: NOBLE's debt to equity ratio has increased from 166.2% to 244.3% over the past 5 years.
Debt Coverage: NOBLE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOBLE's interest payments on its debt are not well covered by EBIT (2.1x coverage).