Noble Corporation Plc

Noble Corporation Plcverified

NE

Price:

$30.465

Market Cap:

$4.89B

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2021-06-09

Stock Exchange

NYSE

Ticker

NE

The Current Ratio as of December 2024 (TTM) for Noble Corporation Plc (NE) is 1.57

According to Noble Corporation Plc’s latest financial reports and current stock price. The company's current Current Ratio is 1.57. This represents a change of -1.78% compared to the average of 1.59 of the last 4 quarters.

Noble Corporation Plc (NE) Historical Current Ratio (quarterly & annually)

How has NE Current Ratio performed in the past?

The mean historical Current Ratio of Noble Corporation Plc over the last ten years is 1.69. The current 1.57 Current Ratio has changed 9.17% with respect to the historical average. Over the past ten years (40 quarters), NE's Current Ratio was at its highest in in the September 2020 quarter at 3.06. The Current Ratio was at its lowest in in the June 2020 quarter at 0.14.

Quarterly (TTM)
Annual

Average

1.69

Median

1.70

Minimum

0.82

Maximum

2.76

Noble Corporation Plc (NE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Noble Corporation Plc Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 237.80%

Maximum Annual Current Ratio = 2.76

Minimum Annual Increase = -54.72%

Minimum Annual Current Ratio = 0.82

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.654.95%
20221.58-14.05%
20211.83-33.50%
20202.76237.80%
20190.82-54.72%
20181.802.93%
20171.75-6.97%
20161.8831.09%
20151.443.45%
20141.395.02%

Noble Corporation Plc (NE) Average Current Ratio

How has NE Current Ratio performed in the past?

The current Current Ratio of Noble Corporation Plc (NE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.69

5-year avg

1.73

10-year avg

1.69

Noble Corporation Plc (NE) Current Ratio vs. Peers

How is NE’s Current Ratio compared to its peers?

Noble Corporation Plc’s Current Ratio is less than Seadrill Limited (2.53), greater than Borr Drilling Limited (1.41), greater than Patterson-UTI Energy, Inc. (1.52), less than Transocean Ltd. (1.64), less than Diamond Offshore Drilling, Inc. (1.73), less than Nabors Industries Ltd. (1.88), less than Helmerich & Payne, Inc. (2.67), greater than Precision Drilling Corporation (1.54), greater than Independence Contract Drilling, Inc. (1.32),

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