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NobleFRA:85V1 -1.07%67 Quick Ratio is 1.99 as of Mar. 2026, which is 16% above its 10-year median of 1.71. GuruFocus rates FRA:85V1 with a GF Score™ of 67/100 and a GF Value™ of €35.01 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,017 Oil & Gas companies, Noble ranks better than 72.47% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Noble's quick ratio for the quarter that ended in Mar. 2026 was 1.99.
Noble has a quick ratio of 1.99. It generally indicates good short-term financial strength.
The historical rank and industry rank for Noble's Quick Ratio or its related term are showing as below:
FRA:85V1'
s Quick Ratio Range Over the Past 10 Years
Min: 1.48 Med: 1.71 Max: 2.81
Current: 1.99
During the past 6 years, Noble's highest Quick Ratio was 2.81. The lowest was 1.48. And the median was 1.71.
FRA:85V1's Quick Ratio is ranked better than 72.47% of 1017
companies
in the Oil & Gas industry
Industry Median: 1.11
vs FRA:85V1: 1.99
Noble (FRA:85V1) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Noble Quick Ratio Related Terms
Noble Quick Ratio Historical Data
* Premium members only.
The historical data trend for Noble's Quick Ratio 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.
FRA:85V1 vs RIG, VAL, PTEN: Quick Ratio Comparison
For the Oil & Gas Drilling subindustry, Noble's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Noble's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Noble's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FRA:85V1) has a Quick Ratio of 1.99 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Noble and its competitors. This is 16% above median its historical median of 1.71. Over the past decade, Noble's Quick Ratio has ranged from 1.48 to 2.81. According to the industry distribution chart, Noble ranks #280 out of 1017 companies in the Oil & Gas industry, placing it in the top 27.5%.
Is Noble's Quick Ratio too high?
Noble's current Quick Ratio of 1.99 is 16% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 2.81. The Oil & Gas industry median Quick Ratio is 1.11. Noble's value of 1.99 is 79.3% above this industry median. Based on the distribution chart, Noble ranks #280 out of 1017 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Noble has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noble's Quick Ratio compare to RIG and VAL?
According to the Oil & Gas industry distribution chart, Noble ranks #280 out of 1017 companies for Quick Ratio. This puts Noble in the upper half of its industry. The industry median Quick Ratio is 1.11. Noble's value of 1.99 is 79.3% above this benchmark. Historically, Noble's own Quick Ratio has ranged from 1.48 to 2.81 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 1.11, Noble has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.11, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble's current Quick Ratio of 1.99 is 79.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Noble and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble's current Quick Ratio is 1.99, which is 16% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble stock overvalued right now?
Based on GuruFocus' analysis, Noble (FRA:85V1) is currently considered Fairly Valued. The stock's GF Value™ is €35.01, compared to a current price of €37.00 — trading 5.7% above its estimated fair value. The current Quick Ratio is 1.99, which is 16% above median its 10-year median of 1.71 and 79.3% above the Oil & Gas industry median of 1.11. Noble's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Noble (FRA:85V1), the current Quick Ratio is 1.99 as of Mar. 2026. 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.
Is Noble (FRA:85V1) Overvalued in 2026?
Based on GuruFocus' analysis, Noble stock appears to be overvalued.
The current stock price of €37.00 is trading 5.7% above its estimated GF Value™ of €35.01.
GuruFocus considers Noble to be Fairly Valued.
Key valuation signals for FRA:85V1:
Quick Ratio: 1.99 (16% above median its 10-year median of 1.71)
GF Value™: €35.01 vs. price of €37.00 (5.7% above fair value)
Industry Position: 79.3% above the Oil & Gas median (#280 of 1017)
No single metric tells the full story. See the FRA:85V1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 on deploying its drilling rigs in oil and gas basins around the world. The mobile offshore drilling units comprising the offshore rig fleet operate in international markets for contract drilling services and are often redeployed to different regions due to changing customer demand, which consists mainly of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world.
67GF Score
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