Noble (NE-WT) Interest Coverage Ratio (2021 - 2026)
Noble (NE-WT) reported Interest Coverage Ratio of 5.56 for Q1 2026, up 19.99% on a YoY basis from 4.63 in Q1 2025, and up 441.01% quarter-over-quarter from 1.03 in Q4 2025.
Noble (NE-WT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Noble has reported Interest Coverage Ratio for 6 years, with the latest figure at 5.56 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 19.99% year-over-year to 5.56; the trailing twelve-month figure through Mar 2026 stood at 2.79 (down 52.19% YoY), and the FY2025 full-year result was 2.56, down 60.09% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 5.56, up from 1.03 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 17.5 in Q2 2024, with the low at 4.51 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 6.18 across 5 years, with a median of 6.13 in 2024.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio surged 526.73% — and 2025, when it tumbled 80.68%.
- Noble's Interest Coverage Ratio stood at 8.47 in 2022, then climbed by 27.46% to 10.8 in 2023, then plunged by 60.14% to 4.3 in 2024, then slumped by 76.15% to 1.03 in 2025, then soared by 441.01% to 5.56 in 2026.
- The last three Interest Coverage Ratio figures came in at 5.56 (Q1 2026), 1.03 (Q4 2025), and 1.24 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 153.75 Bn | 153.69 Bn | 120.82 Mn | 10.03 |
| 2 | Noble | 7.23 Bn | 6.56 Bn | 755.58 Mn | 5.56 |
| 3 | Transocean | 6.52 Bn | 5.90 Bn | 475.00 Mn | 1.04 |
| 4 | Patterson Uti Energy | 4.41 Bn | 4.07 Bn | 535.85 Mn | -0.82 |
| 5 | Helmerich & Payne | 3.80 Bn | 3.70 Bn | 907.56 Mn | -1.43 |
| 6 | Seadrill | 2.73 Bn | 2.40 Bn | 177.00 Mn | 1.60 |
| 7 | Sable Offshore | 1.70 Bn | 1.65 Bn | -66.76 Mn | -3.43 |
| 8 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -0.73 |
| 9 | Nabors Industries | 1.38 Bn | 1.26 Bn | 290.08 Mn | -10.86 |
| 10 | Noble | - | - | 755.58 Mn | 5.56 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.56 |
| Dec 31, 2025 | 1.03 |
| Sep 30, 2025 | 1.24 |
| Jun 30, 2025 | 3.38 |
| Mar 31, 2025 | 4.63 |
| Dec 31, 2024 | 4.30 |
| Sep 30, 2024 | 4.63 |
| Jun 30, 2024 | 17.50 |
| Mar 31, 2024 | 6.13 |
| Dec 31, 2023 | 10.80 |
| Sep 30, 2023 | 15.44 |
| Jun 30, 2023 | 7.44 |
| Mar 31, 2023 | 6.35 |
| Dec 31, 2022 | 8.47 |
| Sep 30, 2022 | 6.49 |
| Jun 30, 2022 | 6.17 |
| Mar 31, 2022 | -4.51 |
| Dec 31, 2021 | 16.93 |
| Sep 30, 2021 | -1.52 |