Is it safe?
Can NE take a bad year?
Noble Corporation plc carries $1.43B of net debt at 1.55× EBITDA: a load its earnings can carry.
$1.43B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.55×
Net debt / EBITDA · 1.43× a year ago · the load is going up
- Altman Z-score
- 2.01
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 2.20×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $1.89B
- Cash and short-term investments
- $456M
- Net debt
- $1.43B
- EBITDA, trailing twelve months
- $921M
- Operating profit, trailing twelve months
- $349M
- Debt / equity
- 0.42×
- Total debt / EBITDA
- 2.05×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −63%
- Below its 52-week high
- −16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Drilling
Ranks #6 of 9 by Smart Score