NOBGY (Noble Group) Debt-to-Equity: -3.09 (As of Sep. 2018)

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What is Noble Group Debt-to-Equity?

Noble Group NOBGY -99.00% Debt-to-Equity is -3.09 as of Sep. 2018.

Noble Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $3,547 Mil. Noble Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0 Mil. Noble Group's Total Stockholders Equity for the quarter that ended in Sep. 2018 was $-1,147 Mil. Noble Group's debt to equity for the quarter that ended in Sep. 2018 was -3.09.

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 Group's Debt-to-Equity or its related term are showing as below:

NOBGY's Debt-to-Equity is not ranked *
in the Conglomerates industry.
Industry Median: 0.53
* Ranked among companies with meaningful Debt-to-Equity only.

Noble Group  (OTCPK:NOBGY) 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 Group Debt-to-Equity Related Terms

Noble Group Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Noble Group'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.

Noble Group Debt-to-Equity Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 0.79 1.80 1.02 -4.45

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 -4.45 -3.95 -3.46 -3.09

NOBGY vs SGOC, HHHH: Debt-to-Equity Comparison

For the Conglomerates subindustry, Noble Group'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 Group Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Debt-to-Equity distribution charts can be found below:

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


Noble Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noble Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
=(1568.401 + 2013.645) / -805.071
=-4.45

Noble Group's Debt to Equity Ratio for the quarter that ended in Sep. 2018 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
=(3547.255 + 0) / -1147.196
=-3.09

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -3.09 mean?
Noble Group (NOBGY) has a Debt-to-Equity of -3.09 as of Sep. 2018. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Noble Group and its competitors.
Is Noble Group's Debt-to-Equity too high?
Noble Group's current Debt-to-Equity is -3.09.
How does Noble Group's Debt-to-Equity compare to SGOC and HHHH?
Noble Group's Debt-to-Equity of -3.09 can be compared against companies in the Conglomerates industry. The industry median Debt-to-Equity is 0.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.53, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Noble Group and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Group's current Debt-to-Equity is -3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Debt-to-Equity of -3.09. The current Debt-to-Equity is -3.09. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Noble Group (NOBGY), the current Debt-to-Equity is -3.09 as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.