Noble Balance Sheet Health
Financial Health criteria checks 6/6
Noble has a total shareholder equity of $3.9B and total debt of $586.6M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are $5.4B and $1.5B respectively. Noble's EBIT is $609.9M making its interest coverage ratio 9.9. It has cash and short-term investments of $212.5M.
Key information
15.0%
Debt to equity ratio
US$586.62m
Debt
Interest coverage ratio | 9.9x |
Cash | US$212.47m |
Equity | US$3.91b |
Total liabilities | US$1.52b |
Total assets | US$5.44b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLE's short term assets ($971.1M) exceed its short term liabilities ($603.4M).
Long Term Liabilities: NOBLE's short term assets ($971.1M) exceed its long term liabilities ($919.8M).
Debt to Equity History and Analysis
Debt Level: NOBLE's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: NOBLE's debt to equity ratio has reduced from 84% to 15% over the past 5 years.
Debt Coverage: NOBLE's debt is well covered by operating cash flow (130.6%).
Interest Coverage: NOBLE's interest payments on its debt are well covered by EBIT (9.9x coverage).