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Noble (FRA:85V1) Total Current Liabilities : €555 Mil (As of Mar. 2024)


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What is Noble Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Noble's total current liabilities for the quarter that ended in Mar. 2024 was €555

Noble Total Current Liabilities Historical Data

The historical data trend for Noble's Total Current Liabilities 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 Total Current Liabilities Chart

Noble Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
- 219.83 629.74 588.42

Noble Quarterly Data
Dec20 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 432.42 474.56 483.33 588.42 555.11

Noble Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Noble's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=513.158+0
+Other Current Liabilities+Current Deferred Liabilities
=75.263+0
=588

Noble's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=475.973+0
+Other Current Liabilities+Current Deferred Liabilities
=79.132+0
=555

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Noble Total Current Liabilities Related Terms

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Noble (FRA:85V1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (FRA:85V1) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
NE:USA NOBLE:Denmark 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.

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