Noble (NE) Interest Expense

: $-62 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Noble's interest expense for the three months ended in Dec. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-62 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Noble's Operating Income for the three months ended in Dec. 2023 was $ 129 Mil. Noble's Interest Expense for the three months ended in Dec. 2023 was $ -15 Mil. Noble's Interest Coverage for the quarter that ended in Dec. 2023 was 8.85. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Noble Interest Expense Historical Data

The historical data trend for Noble's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Noble Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-164.65

-42.72

-59.14

Noble Quarterly Data
	Dec20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense						-19.38	-16.87	-17.60	-13.01	-14.60

Noble Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-62 Mil.

Noble (NYSE:NE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Noble's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was $129 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $586 Mil.

Noble's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	129.143	/	-14.6
	=	8.85

The higher the ratio, the stronger the company's financial strength is.

Noble (NE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (NYSE:NE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NOBLE:Denmark 85V1:Germany 85V1:Germany

Address

13135 Dairy Ashford, Suite 800, Sugar Land, TX, USA, 77478

Website

https://www.noblecorp.com

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.

Executives

Noble Corp Plc	officer: VP & Chief Accounting Officer	13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Caroline Alting	officer: See Remarks	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Joey M Kawaja	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Blake Denton	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Robert W. Eifler	director, officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Richard B. Barker	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Jennie Howard	officer: SVP, Gen. Counsel & Corp. Sec.	13135 DAIRY ASHFORD ROAD, SUGAR LAND TX 77478
Pacific Investment Management Co Llc	10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Mikkel Ipsen	officer: See Remarks	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Kristin Holth	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Claus Hemmingsen	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Alastair Maxwell	director	C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Apmh Invest A/s	10 percent owner	ESPLANADEN 50, COPENHAGEN G7 1263
Laura D. Campbell	officer: See Remarks	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345