Noble Development PCL

Noble Development PCL Net Debt/Equity

The Net Debt to Equity Ratio of Noble Development PCL (NOBLE.BK) as of Oct 31, 2026 is 1.86. In the previous year, Net Debt to Equity Ratio was 2.34 — a change of -20.25% (lower).

Net Debt/Equity

1.86

YoY

-20.25%

Last updated:

Net Debt to Equity Ratio of Noble Development PCL is 2025 1.86 . Net Debt to Equity Ratio of Noble Development PCL was 2024 2.34 . It decreases by -20.25% lower compared to the previous year.

The Noble Development PCL Net Debt/Equity history

  • 3 Years

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  • Max

Net Debt/Equity
Date
Net Debt/Equity
Jan 1, 2018
1.45 THB
Jan 1, 2019
1.58 THB
Jan 1, 2020
1.25 THB
Jan 1, 2021
1.85 THB
Jan 1, 2022
2.02 THB
Jan 1, 2023
2.21 THB
Jan 1, 2024
2.34 THB
Jan 1, 2025
1.86 THB
The Noble Development PCL Net Debt/Equity history
YEARNet Debt/EquityYoY
1.86-20.25%
2.34+5.70%
2.21+9.49%
2.02+8.91%
1.85+48.30%
1.25-20.64%
1.58+8.62%
1.45-19.52%
1.80-39.64%
2.99-12.54%
3.41+65.06%
2.07—

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Noble Development PCL Stock analysis

What does Noble Development PCL do? Noble Development PCL generates revenue through real estate development projects in Thailand, primarily selling condominiums, houses, and land plots. The company's key projects include Noble Tara Ekamai-Rama 9, Noble Tara Ngamwongwan, and Noble Ora Condo, targeting urban and BTS-connected areas. Its segments encompass condominiums, houses, land, rental services, and construction consulting, with clients purchasing residential properties for personal use or investment. The company employs 522 full-time staff to manage construction, rental, and service operations across its diverse project portfolio. Noble Development PCL focuses on high-demand residential segments, offering single detached houses like Noble Wana Pinklao and condominiums such as Noble Lite and Noble 09. These properties are developed for sale in Bangkok and surrounding areas, with a strategic emphasis on locations near BTS infrastructure to attract urban buyers. The rental and service business segment complements sales by providing ongoing income through property management and related services. The company’s revenue streams are derived from the sale of residential properties including townhouses and land plots, alongside construction consulting services. Projects like Noble Ambience Sarasin and Noble Remix cater to different market segments, ensuring a balanced portfolio. Noble Development PCL’s business model relies on direct sales to end-users and property rentals, with no mention of third-party partnerships or external financing sources in its operations. Noble Development PCL is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Noble Development PCL stock

Net Debt to Equity Ratio of Noble Development PCL is 1.86 in 2025.

Net Debt to Equity Ratio of Noble Development PCL changed from 2.34 to 1.86, representing a -20.25% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Net Debt to Equity Ratio Noble Development PCL since 2006 – with annual values, charts, and detailed analysis.

Net Debt/Equity adjusts the debt-to-equity ratio by subtracting cash from total debt. It provides a more accurate picture of actual leverage.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Net Debt to Equity Ratio's Noble Development PCL with sector peers and the industry average to assess whether it is attractive.

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Leverage — Noble Development PCL

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