Noble Net Debt vs Other Current Assets Analysis

NE Stock

USD 35.41 0.71 2.05%

Noble Plc financial indicator trend analysis is infinitely more than just investigating Noble plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noble plc is a good investment. Please check the relationship between Noble Plc Net Debt and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble plc Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.

The correlation between Noble Plc's Net Debt and Other Current Assets is 0.07. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Noble plc, assuming nothing else is changed. The correlation between historical values of Noble Plc's Net Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Noble plc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Noble Plc's Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Noble Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noble plc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.At present, Noble Plc's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 8.01, whereas Selling General Administrative is forecasted to decline to about 106.2 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	68.2M	82.2M	128.4M	170.5M
Cost Of Revenue	855.1M	1.1B	1.8B	931.6M

Total Operating Expenses Cost Of Revenue

Noble Plc fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.77	0.88	0.52	0.47	0.55	0.79	0.72	0.64	0.18	0.12	0.78	-0.16	0.06	0.39	0.26	-0.47	0.88	0.16	0.15	-0.48	0.88	0.78	0.43	0.45	0.26
Total Assets	0.77		0.8	0.84	0.85	0.94	1.0	0.9	0.94	0.47	0.0	1.0	-0.06	-0.04	0.77	0.43	-0.28	0.82	0.18	0.41	-0.47	0.87	0.98	0.75	0.8	0.43
Short Long Term Debt Total	0.88	0.8		0.61	0.49	0.58	0.83	0.86	0.8	0.09	0.01	0.82	-0.44	-0.03	0.43	0.26	-0.47	1.0	0.52	-0.08	-0.76	0.99	0.82	0.41	0.65	0.26
Other Current Liab	0.52	0.84	0.61		0.79	0.82	0.84	0.76	0.78	0.59	-0.43	0.84	-0.15	-0.46	0.89	0.45	-0.16	0.65	0.1	0.42	-0.34	0.7	0.83	0.58	0.58	0.45
Total Current Liabilities	0.47	0.85	0.49	0.79		0.92	0.82	0.67	0.77	0.74	0.01	0.83	0.13	-0.03	0.91	0.42	-0.29	0.51	-0.03	0.66	-0.1	0.6	0.8	0.89	0.78	0.42
Total Stockholder Equity	0.55	0.94	0.58	0.82	0.92		0.92	0.82	0.9	0.62	0.0	0.93	0.12	-0.03	0.83	0.46	-0.21	0.6	0.04	0.55	-0.28	0.66	0.92	0.81	0.8	0.46
Property Plant And Equipment Net	0.79	1.0	0.83	0.84	0.82	0.92		0.92	0.94	0.44	-0.03	1.0	-0.1	-0.06	0.74	0.42	-0.28	0.84	0.21	0.37	-0.5	0.88	0.99	0.71	0.79	0.42
Net Debt	0.72	0.9	0.86	0.76	0.67	0.82	0.92		0.95	0.24	-0.1	0.91	-0.3	-0.14	0.57	0.31	-0.37	0.86	0.44	0.07	-0.67	0.88	0.92	0.49	0.75	0.31
Retained Earnings	0.64	0.94	0.8	0.78	0.77	0.9	0.94	0.95		0.39	-0.04	0.94	-0.18	-0.06	0.68	0.47	-0.31	0.8	0.39	0.2	-0.65	0.84	0.95	0.64	0.86	0.47
Accounts Payable	0.18	0.47	0.09	0.59	0.74	0.62	0.44	0.24	0.39		-0.25	0.45	0.43	-0.29	0.81	0.57	-0.29	0.15	-0.32	0.79	0.18	0.23	0.46	0.65	0.39	0.57
Cash	0.12	0.0	0.01	-0.43	0.01	0.0	-0.03	-0.1	-0.04	-0.25		-0.03	0.11	1.0	-0.27	-0.16	-0.15	-0.03	-0.04	-0.04	0.11	-0.03	-0.03	0.35	0.16	-0.16
Non Current Assets Total	0.78	1.0	0.82	0.84	0.83	0.93	1.0	0.91	0.94	0.45	-0.03		-0.08	-0.06	0.75	0.43	-0.28	0.83	0.2	0.38	-0.49	0.88	0.99	0.71	0.79	0.43
Non Currrent Assets Other	-0.16	-0.06	-0.44	-0.15	0.13	0.12	-0.1	-0.3	-0.18	0.43	0.11	-0.08		0.12	0.08	0.2	0.28	-0.42	-0.7	0.57	0.52	-0.38	-0.07	0.17	-0.07	0.2
Cash And Short Term Investments	0.06	-0.04	-0.03	-0.46	-0.03	-0.03	-0.06	-0.14	-0.06	-0.29	1.0	-0.06	0.12		-0.3	-0.17	-0.07	-0.08	-0.04	-0.07	0.12	-0.07	-0.07	0.32	0.14	-0.17
Net Receivables	0.39	0.77	0.43	0.89	0.91	0.83	0.74	0.57	0.68	0.81	-0.27	0.75	0.08	-0.3		0.42	-0.23	0.47	-0.09	0.71	-0.06	0.55	0.71	0.81	0.64	0.42
Common Stock Total Equity	0.26	0.43	0.26	0.45	0.42	0.46	0.42	0.31	0.47	0.57	-0.16	0.43	0.2	-0.17	0.42		-0.13	0.3	0.15	0.17	-0.41	0.33	0.53	0.32	0.41	1.0
Short Term Investments	-0.47	-0.28	-0.47	-0.16	-0.29	-0.21	-0.28	-0.37	-0.31	-0.29	-0.15	-0.28	0.28	-0.07	-0.23	-0.13		-0.47	-0.26	0.01	0.24	-0.47	-0.3	-0.29	-0.29	-0.13
Non Current Liabilities Total	0.88	0.82	1.0	0.65	0.51	0.6	0.84	0.86	0.8	0.15	-0.03	0.83	-0.42	-0.08	0.47	0.3	-0.47		0.5	-0.03	-0.74	0.99	0.83	0.43	0.65	0.3
Inventory	0.16	0.18	0.52	0.1	-0.03	0.04	0.21	0.44	0.39	-0.32	-0.04	0.2	-0.7	-0.04	-0.09	0.15	-0.26	0.5		-0.68	-0.77	0.46	0.24	-0.12	0.44	0.15
Other Current Assets	0.15	0.41	-0.08	0.42	0.66	0.55	0.37	0.07	0.2	0.79	-0.04	0.38	0.57	-0.07	0.71	0.17	0.01	-0.03	-0.68		0.52	0.05	0.31	0.68	0.23	0.17
Other Stockholder Equity	-0.48	-0.47	-0.76	-0.34	-0.1	-0.28	-0.5	-0.67	-0.65	0.18	0.11	-0.49	0.52	0.12	-0.06	-0.41	0.24	-0.74	-0.77	0.52		-0.7	-0.55	0.0	-0.49	-0.41
Total Liab	0.88	0.87	0.99	0.7	0.6	0.66	0.88	0.88	0.84	0.23	-0.03	0.88	-0.38	-0.07	0.55	0.33	-0.47	0.99	0.46	0.05	-0.7		0.87	0.51	0.7	0.33
Property Plant And Equipment Gross	0.78	0.98	0.82	0.83	0.8	0.92	0.99	0.92	0.95	0.46	-0.03	0.99	-0.07	-0.07	0.71	0.53	-0.3	0.83	0.24	0.31	-0.55	0.87		0.67	0.78	0.53
Total Current Assets	0.43	0.75	0.41	0.58	0.89	0.81	0.71	0.49	0.64	0.65	0.35	0.71	0.17	0.32	0.81	0.32	-0.29	0.43	-0.12	0.68	0.0	0.51	0.67		0.74	0.32
Short Term Debt	0.45	0.8	0.65	0.58	0.78	0.8	0.79	0.75	0.86	0.39	0.16	0.79	-0.07	0.14	0.64	0.41	-0.29	0.65	0.44	0.23	-0.49	0.7	0.78	0.74		0.41
Common Stock	0.26	0.43	0.26	0.45	0.42	0.46	0.42	0.31	0.47	0.57	-0.16	0.43	0.2	-0.17	0.42	1.0	-0.13	0.3	0.15	0.17	-0.41	0.33	0.53	0.32	0.41

Click cells to compare fundamentals

Noble Plc Account Relationship Matchups

Noble Plc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	248.9M	250.8M	60.2M	97.6M	145.2M	188.9M
Total Assets	8.3B	4.3B	2.1B	5.2B	5.5B	8.9B
Short Long Term Debt Total	3.9B	4.0B	219.9M	672.8M	611.9M	581.3M
Other Current Liab	305.4M	84.4M	105.7M	135.9M	190.1M	277.0M
Total Current Liabilities	516.9M	218.4M	248.4M	667.1M	641.7M	597.9M
Total Stockholder Equity	3.7B	(311.4M)	1.5B	3.6B	3.9B	5.0B
Property Plant And Equipment Net	7.8B	3.6B	1.5B	4.0B	4.1B	7.7B
Net Debt	3.8B	(358.1M)	21.9M	196.6M	244.1M	231.9M
Retained Earnings	2.9B	(1.1B)	102.0M	255.9M	541.2M	514.1M
Accounts Payable	108.2M	95.2M	120.4M	290.7M	395.2M	225.2M
Cash	105.9M	365.0M	194.1M	476.2M	360.8M	340.2M
Non Current Assets Total	7.9B	3.7B	1.6B	4.2B	4.4B	8.0B
Non Currrent Assets Other	85.5M	54.8M	77.2M	141.4M	286.7M	301.0M
Cash And Short Term Investments	105.9M	365.0M	194.1M	476.2M	360.8M	357.7M
Net Receivables	279.7M	189.3M	216.5M	480.0M	553.1M	506.3M
Common Stock Total Equity	2.5M	2.5M	2.5M	1K	900.0	855.0
Liabilities And Stockholders Equity	8.3B	4.3B	2.1B	5.2B	5.5B	8.9B
Non Current Liabilities Total	4.1B	4.4B	324.4M	960.7M	944.5M	897.3M
Other Current Assets	36.5M	47.9M	45.0M	158.8M	253.2M	265.8M
Other Stockholder Equity	807.1M	814.8M	1.4B	3.3B	3.4B	3.5B
Total Liab	4.6B	4.6B	572.8M	1.6B	1.6B	1.5B
Property Plant And Equipment Gross	10.0B	3.6B	1.5B	4.2B	4.6B	8.3B
Total Current Assets	422.1M	602.3M	455.6M	1.1B	1.1B	961.5M
Accumulated Other Comprehensive Income	(58.4M)	(58.0M)	5.4M	3.6M	3.0M	3.2M
Short Term Debt	69.1M	1.9M	3.9M	183.5M	10.6M	10.1M
Common Stock	2.5M	2.5M	2.5M	1K	900.0	855.0
Other Assets	95.0M	57.9M	77.2M	106.8M	96.2M	116.4M
Long Term Debt	3.8B	4.0B	216M	513.1M	586.2M	556.9M
Long Term Debt Total	3.9B	3.8B	4.0B	216M	194.4M	184.7M
Capital Surpluse	699.4M	807.1M	814.8M	1.4B	1.6B	892.0M
Property Plant Equipment	7.8B	3.6B	1.5B	4.0B	3.6B	5.2B
Other Liab	302.3M	353.1M	108.4M	423.8M	381.4M	255.8M
Net Tangible Assets	3.7B	(311.4M)	1.5B	3.5B	3.2B	2.2B
Cash And Equivalents	375.2M	104.6M	343.3M	194.1M	174.7M	320.8M
Net Invested Capital	7.5B	3.7B	1.7B	672.8M	4.5B	4.1B
Non Current Liabilities Other	260.9M	201.0M	95.2M	447.6M	296.0M	293.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

How To Invest In Noble

Details

Is Noble Stock a good investment?

Details

What is Noble Plc's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noble Plc. If investors know Noble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noble Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.63)

Dividend Share

1.7

Earnings Share

3.4

Revenue Per Share

18.385

Quarterly Revenue Growth

0.138

The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Noble Net Debt vs Other Current Assets Analysis

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Assets

Noble Plc fundamental ratios Correlations

Noble Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Noble Plc fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity

Other Stockholder Equity	- 0.77	Inventory
Other Stockholder Equity	- 0.76	Short Long Term Debt Total
Other Stockholder Equity	- 0.74	Non Current Liabilities Total
Total Liab	- 0.7	Other Stockholder Equity
Inventory	- 0.7	Non Currrent Assets Other
Other Current Assets	- 0.68	Inventory