Noble Corporation

Noble Corporationverified

NE

Price:

$47.5

Market Cap:

$6.79B

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 July 2024 (TTM) for Noble Corporation (NE) is 1.61

According to Noble Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.61. This represents a change of -9.04% compared to the average of 1.77 of the last 4 quarters.

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

How has NE Current Ratio performed in the past?

The mean historical Current Ratio of Noble Corporation over the last ten years is 1.69. The current 1.61 Current Ratio has changed 9.42% 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 (NE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Noble Corporation 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%
20161.8831.10%
20151.443.44%
20141.395.02%

Noble Corporation (NE) Average Current Ratio

How has NE Current Ratio performed in the past?

The current Current Ratio of Noble Corporation (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 (NE) Current Ratio vs. Peers

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

Noble Corporation’s Current Ratio is less than Seadrill Limited (2.92), greater than Borr Drilling Limited (1.50), greater than Patterson-UTI Energy, Inc. (1.50), greater than Transocean Ltd. (1.35), less than Diamond Offshore Drilling, Inc. (1.63), less than Nabors Industries Ltd. (1.82), less than Helmerich & Payne, Inc. (2.12), less than Precision Drilling Corporation (1.71), greater than Independence Contract Drilling, Inc. (1.29),

Build a custom stock screener for Noble Corporation (NE) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Noble Corporation using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Noble Corporation (NE) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Noble Corporation or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Noble Corporation's Current Ratio?

How is the Current Ratio calculated for Noble Corporation (NE)?

What is the highest Current Ratio for Noble Corporation (NE)?

What is the 3-year average Current Ratio for Noble Corporation (NE)?

What is the 5-year average Current Ratio for Noble Corporation (NE)?

How does the current Current Ratio for Noble Corporation (NE) compare to its historical average?