Noble Balance Sheet Health

Financial Health criteria checks 6/6

Noble has a total shareholder equity of $4.0B and total debt of $622.1M, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are $5.6B and $1.6B respectively. Noble's EBIT is $665.8M making its interest coverage ratio 11.7. It has cash and short-term investments of $162.9M.

Key information

15.6%

Debt to equity ratio

US$622.05m

Debt

Interest coverage ratio11.7x
CashUS$162.85m
EquityUS$3.99b
Total liabilitiesUS$1.60b
Total assetsUS$5.59b

Recent financial health updates

Recent updates

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Aug 21

Noble Corporation: The Post Acquisition Outlook

Jul 16

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Jul 15
Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Jun 22
Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Jun 10

We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

May 11
We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Apr 20
Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Mar 30
Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Feb 07
Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Noble Corporation: Quality Backlogs With Room To Grow

Feb 05

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Dec 15
Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy

Nov 16

Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce

Oct 17

Noble Corporation Plc (NYSE:NE) Shares Could Be 50% Below Their Intrinsic Value Estimate

Oct 10
Noble Corporation Plc (NYSE:NE) Shares Could Be 50% Below Their Intrinsic Value Estimate

With EPS Growth And More, Noble (NYSE:NE) Makes An Interesting Case

Aug 13
With EPS Growth And More, Noble (NYSE:NE) Makes An Interesting Case

Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy

Aug 07

Noble Corporation: Not Enough Upside

Jul 24

If EPS Growth Is Important To You, Noble (NYSE:NE) Presents An Opportunity

May 07
If EPS Growth Is Important To You, Noble (NYSE:NE) Presents An Opportunity

Getting In Cheap On Noble Corporation Plc (NYSE:NE) Might Be Difficult

Mar 01
Getting In Cheap On Noble Corporation Plc (NYSE:NE) Might Be Difficult

Noble updates Q4 Adjusted EBITDA guidance

Jan 23

Are Investors Undervaluing Noble Corporation Plc (NYSE:NE) By 50%?

Dec 27
Are Investors Undervaluing Noble Corporation Plc (NYSE:NE) By 50%?

Noble closes $350M term loan

Dec 22

Noble's (NYSE:NE) Robust Earnings Are Not All Good News For Shareholders

Nov 10
Noble's (NYSE:NE) Robust Earnings Are Not All Good News For Shareholders

Noble Non-GAAP EPS of $0.50 beats by $0.11, revenue of $306M beats by $10.82M

Nov 03

Financial Position Analysis

Short Term Liabilities: NE's short term assets ($986.9M) exceed its short term liabilities ($637.0M).

Long Term Liabilities: NE's short term assets ($986.9M) exceed its long term liabilities ($965.1M).


Debt to Equity History and Analysis

Debt Level: NE's net debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: NE's debt to equity ratio has reduced from 87% to 15.6% over the past 5 years.

Debt Coverage: NE's debt is well covered by operating cash flow (106.4%).

Interest Coverage: NE's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet


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