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Noble Corporation Plc  (NE)
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Noble Plc's Working Capital Ratio

NE's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 1.65 below Noble Corporation Plc average.

Within Oil Well Services & Equipment industry 3 other companies have achieved higher Working Capital Ratio than Noble Plc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 1181 to 1214.

Explain Working Capital Ratio
How much in Current Assets NE´s has?
What is the value of NE´s Current Liabilities?


NE Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 138.7 % 108.3 % 119.64 % 168.56 % -1.02 %
Y / Y Current Assets Change 40.7 % 114.59 % 123.14 % 130.83 % 61.5 %
Working Capital Ratio MRQ 1.65 2 1.81 1.58 2.81
NE's Total Ranking # 1214 # 1181 # 1263 # 3151 #
Seq. Current Liabilities Change 24.4 % 0.33 % -22.93 % 148.16 % 8.55 %
Seq. Current Assets Change 2.94 % 10.6 % -11.33 % 39.38 % 57 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 4
Energy Sector # 36
Overall Market # 1214


Working Capital Ratio Statistics
High Average Low
3.86 1.82 0.14
(Sep. 30, 2010)   (Jun 30 2020)




Financial Statements
Noble Plc's Current Liabilities $ 642 Millions Visit NE's Balance sheet
Noble Plc's Current Assets $ 1,062 Millions Visit NE's Balance sheet
Source of NE's Sales Visit NE's Sales by Geography


Cumulative Noble Plc's Working Capital Ratio

NE's Working Capital Ratio for the trailling 12 Months

NE Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 138.7 % 108.3 % 119.64 % 168.56 % -1.02 %
Y / Y Current Assets TTM Growth 40.7 % 114.59 % 123.14 % 130.83 % 61.5 %
Working Capital Ratio TTM 1.74 1.92 1.9 1.91 2.11
Total Ranking TTM # 2398 # 3821 # 2007 # 4606 #
Seq. Current Liabilities TTM Growth 24.4 % 0.33 % -22.93 % 148.16 % 8.55 %
Seq. Current Assets TTM Growth 2.94 % 10.6 % -11.33 % 39.38 % 57 %


On the trailing twelve months basis Due to growth in Current Liabilities in the IV Quarter 2023 to $641.68 millions, cumulative Working Capital Ratio decreased to 1.74 above the NE average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil Well Services & Equipment industry 9 other companies have achieved higher Working Capital Ratio than Noble Plc. While Working Capital Ratio overall ranking has improved so far to 2398, from total ranking during the twelve months ending third quarter 2023 at 3821.

Explain Working Capital Ratio
How much in Current Assets NE´s has?
What is the value of NE´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Oil Well Services & Equipment Industry # 10
Energy Sector # 120
Within the Market # 2398


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.46 1.71 0.33
(Sep. 30, 2010)   (Jun 30 2020)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Oil Well Services & Equipment Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Seadrill Limited  2.98 $ 1,158.000  Millions$ 389.000  Millions
Helmerich and Payne inc   2.11 $ 988.680  Millions$ 468.986  Millions
Team Inc   1.84 $ 322.101  Millions$ 174.938  Millions
Valaris Limited  1.71 $ 1,272.200  Millions$ 744.300  Millions
Noble Corporation Plc  1.65 $ 1,061.748  Millions$ 641.680  Millions
Transocean ltd  1.52 $ 2,126.000  Millions$ 1,397.000  Millions
Nabors Industries ltd  1.36 $ 1,645.678  Millions$ 1,213.981  Millions
Highpeak Energy Inc   1.14 $ 328.833  Millions$ 287.393  Millions
Borr Drilling Limited  1.14 $ 409.900  Millions$ 360.400  Millions
Independence Contract Drilling inc   1.07 $ 43.576  Millions$ 40.587  Millions
Baytex Energy Corp   0.79 $ 337.058  Millions$ 427.446  Millions

Date modified: 2024-02-24T15:24:02+00:00



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