Noble (NE) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Noble Debt-to-Equity?

Noble's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Noble's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $586 Mil. Noble's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,921 Mil. Noble's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Noble's Debt-to-Equity or its related term are showing as below:

NE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.15 Max: 0.19
Current: 0.15

During the past 4 years, the highest Debt-to-Equity Ratio of Noble was 0.19. The lowest was 0.14. And the median was 0.15.

NE's Debt-to-Equity is ranked better than
77.71% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs NE: 0.15

Noble Debt-to-Equity Historical Data

The historical data trend for Noble's Debt-to-Equity 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 Debt-to-Equity Chart

Noble Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.14

0.19

0.15

Noble Quarterly Data
	Dec20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.19	0.14	0.16	0.15	0.15

Competitive Comparison of Noble's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Noble's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Noble's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Noble's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Noble's Debt-to-Equity falls into.

Noble Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noble's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	586.203)	/	3921.24
	=	0.15

Noble's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	586.203)	/	3921.24
	=	0.15

Noble (NYSE:NE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Noble Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Noble's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Noble (NE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (NYSE:NE) » Definitions » Debt-to-Equity

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