Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Noble Development PCLBKK:NOBLE-R 52 Cash-to-Debt is 0.04 as of Jun. 2026, which is 60% below its 10-year median of 0.10. GuruFocus rates BKK:NOBLE-R with a GF Score™ of 52/100 and a GF Value™ of ฿2.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,745 Real Estate companies, Noble Development PCL ranks worse than 83.95% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Noble Development PCL's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.04.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Noble Development PCLcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Noble Development PCL's Cash-to-Debt or its related term are showing as below:
BKK:NOBLE-R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.37
Current: 0.04
During the past 13 years, Noble Development PCL's highest Cash to Debt Ratio was 0.37. The lowest was 0.03. And the median was 0.10.
BKK:NOBLE-R's Cash-to-Debt is ranked worse than 83.95% of 1745
companies
in the Real Estate industry
Industry Median: 0.25
vs BKK:NOBLE-R: 0.04
Noble Development PCL (BKK:NOBLE-R) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Noble Development PCL Cash-to-Debt Related Terms
Noble Development PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Noble Development PCL's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Noble Development PCL Cash-to-Debt Competitor Comparison
For the Real Estate - Development subindustry, Noble Development PCL's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Noble Development PCL Cash-to-Debt vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Noble Development PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Noble Development PCL's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Noble Development PCL (BKK:NOBLE-R) has a Cash-to-Debt of 0.04 as of Jun. 2026. This is 60% below median its historical median of 0.10. Over the past decade, Noble Development PCL's Cash-to-Debt has ranged from 0.03 to 0.37. According to the industry distribution chart, Noble Development PCL ranks #1465 out of 1745 companies in the Real Estate industry, placing it in the top 84%.
Is Noble Development PCL's Cash-to-Debt too high?
Noble Development PCL's current Cash-to-Debt of 0.04 is 60% below median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.37. The Real Estate industry median Cash-to-Debt is 0.25. Noble Development PCL's value of 0.04 is 84% below this industry median. Based on the distribution chart, Noble Development PCL ranks #1465 out of 1745 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Noble Development PCL has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noble Development PCL's Cash-to-Debt compare to competitors?
According to the Real Estate industry distribution chart, Noble Development PCL ranks #1465 out of 1745 companies for Cash-to-Debt. This places Noble Development PCL in the lower half of its industry. The industry median Cash-to-Debt is 0.25. Noble Development PCL's value of 0.04 is 84% below this benchmark. Historically, Noble Development PCL's own Cash-to-Debt has ranged from 0.03 to 0.37 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.25, Noble Development PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Real Estate company?
The median Cash-to-Debt among Real Estate companies is 0.25, based on 1,745 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Development PCL's current Cash-to-Debt of 0.04 is 84% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Real Estate industry, the median Cash-to-Debt is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Development PCL's current Cash-to-Debt is 0.04, which is 60% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Noble Development PCL (BKK:NOBLE-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.14, compared to a current price of ฿1.67 — trading 22% below its estimated fair value. The current Cash-to-Debt is 0.04, which is 60% below median its 10-year median of 0.10 and 84% below the Real Estate industry median of 0.25. Noble Development PCL's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Noble Development PCL (BKK:NOBLE-R), the current Cash-to-Debt is 0.04 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Noble Development PCL (BKK:NOBLE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Noble Development PCL stock appears to be undervalued.
The current stock price of ฿1.67 is trading 22% below its estimated GF Value™ of ฿2.14.
GuruFocus considers Noble Development PCL to be Modestly Undervalued.
Key valuation signals for BKK:NOBLE-R:
Cash-to-Debt: 0.04 (60% below median its 10-year median of 0.10)
GF Value™: ฿2.14 vs. price of ฿1.67 (22% below fair value)
Industry Position: 84% below the Real Estate median (#1465 of 1745)
No single metric tells the full story. See the BKK:NOBLE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noble Development PCL is a Thailand-based real estate company. Along with its subsidiaries, the firm is engaged in the development of real estate for sale, providing construction, rental and service, construction consulting services, and manufacturing and sale of furniture in Thailand. Its segments are Condominium, House and land, Rental and service business, and Others.
52GF Score
Get the complete analysis for BKK:NOBLE-R
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:NOBLE-R has been successfully added to your 
