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
We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt
May 11
Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet
Feb 07Recent updates
Noble Corporation: Production Backlog And Capital Return Promising, Yet Low Visibility On Earnings Past 2025
Nov 08Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy
Aug 21Noble Corporation: The Post Acquisition Outlook
Jul 16Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?
Jul 15Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?
Jun 22Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage
Jun 10We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt
May 11Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)
Apr 20Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching
Mar 30Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet
Feb 07Noble Corporation: Quality Backlogs With Room To Grow
Feb 05Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?
Dec 15Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy
Nov 16Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce
Oct 17Noble Corporation Plc (NYSE:NE) Shares Could Be 50% Below Their Intrinsic Value Estimate
Oct 10With EPS Growth And More, Noble (NYSE:NE) Makes An Interesting Case
Aug 13Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy
Aug 07Noble Corporation: Not Enough Upside
Jul 24If EPS Growth Is Important To You, Noble (NYSE:NE) Presents An Opportunity
May 07Getting In Cheap On Noble Corporation Plc (NYSE:NE) Might Be Difficult
Mar 01Noble updates Q4 Adjusted EBITDA guidance
Jan 23Are Investors Undervaluing Noble Corporation Plc (NYSE:NE) By 50%?
Dec 27Noble closes $350M term loan
Dec 22Noble's (NYSE:NE) Robust Earnings Are Not All Good News For Shareholders
Nov 10Noble Non-GAAP EPS of $0.50 beats by $0.11, revenue of $306M beats by $10.82M
Nov 03Financial Position Analysis
Short Term Liabilities: NE's short term assets ($1.4B) exceed its short term liabilities ($900.5M).
Long Term Liabilities: NE's short term assets ($1.4B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NE's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: NE's debt to equity ratio has reduced from 106.1% to 42.3% over the past 5 years.
Debt Coverage: NE's debt is well covered by operating cash flow (40.7%).
Interest Coverage: NE's interest payments on its debt are well covered by EBIT (7.4x coverage).