Noble Balance Sheet Health
Financial Health criteria checks 6/6
Noble has a total shareholder equity of $3.8B and total debt of $585.8M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are $5.3B and $1.4B respectively. Noble's EBIT is $617.1M making its interest coverage ratio 10. It has cash and short-term investments of $244.8M.
Key information
15.3%
Debt to equity ratio
US$585.79m
Debt
Interest coverage ratio | 10x |
Cash | US$244.79m |
Equity | US$3.83b |
Total liabilities | US$1.44b |
Total assets | US$5.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBLEC's short term assets ($1.0B) exceed its short term liabilities ($515.8M).
Long Term Liabilities: NOBLEC's short term assets ($1.0B) exceed its long term liabilities ($920.1M).
Debt to Equity History and Analysis
Debt Level: NOBLEC's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: NOBLEC's debt to equity ratio has reduced from 83.2% to 15.3% over the past 5 years.
Debt Coverage: NOBLEC's debt is well covered by operating cash flow (78.2%).
Interest Coverage: NOBLEC's interest payments on its debt are well covered by EBIT (10x coverage).