Noble Balance Sheet Health
Financial Health criteria checks 5/6
Noble has a total shareholder equity of $4.7B and total debt of $2.0B, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are $8.0B and $3.4B respectively. Noble's EBIT is $633.9M making its interest coverage ratio 7.4. It has cash and short-term investments of $391.9M.
Key information
42.3%
Debt to equity ratio
US$1.98b
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$391.86m |
| Equity | US$4.68b |
| Total liabilities | US$3.35b |
| Total assets | US$8.04b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLE's short term assets ($1.4B) exceed its short term liabilities ($900.5M).
Long Term Liabilities: NOBLE's short term assets ($1.4B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NOBLE's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: NOBLE's debt to equity ratio has reduced from 106.1% to 42.3% over the past 5 years.
Debt Coverage: NOBLE's debt is well covered by operating cash flow (40.7%).
Interest Coverage: NOBLE's interest payments on its debt are well covered by EBIT (7.4x coverage).