Noble (NE) Interest Coverage Ratio (2021 - 2026)
Noble's (NE) quarterly Interest Coverage Ratio came in at 0.84 in Q2 2026, down 75.11% YoY from 3.38 in Q2 2025, and down 84.85% on a QoQ basis from 5.56 in Q1 2026.
Noble (NE) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Noble (NE) has 6 years of Interest Coverage Ratio data on file, last reported at 0.84 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 75.11% year-over-year to 0.84 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 2.2 (down 47.58% YoY) and the FY2025 annual result came in at 0.14, down 29.44% from the prior year.
- Interest Coverage Ratio declined to 0.84 in Q2 2026, from 5.56 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 13.46 in Q4 2022 to a low of 4.51 in Q1 2022.
- A 5-year average of 5.38 and a median of 5.57 in 2026 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio surged 526.73% — and 2025, when it plunged 76.05%.
- Tracing NE's Interest Coverage Ratio over 5 years: stood at 13.46 in 2022, then retreated by 19.74% to 10.8 in 2023, then plunged by 60.14% to 4.3 in 2024, then plunged by 76.05% to 1.03 in 2025, then dropped by 18.34% to 0.84 in 2026.
- The last three Interest Coverage Ratio figures came in at 0.84 (Q2 2026), 5.56 (Q1 2026), and 1.03 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.84 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -7.60 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -0.34 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 7.70 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 4.50 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -11.54 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 7.89 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -1.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.84 |
| 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 | 11.35 |
| Mar 31, 2024 | 5.72 |
| Dec 31, 2023 | 10.80 |
| Sep 30, 2023 | 10.46 |
| Jun 30, 2023 | 5.68 |
| Mar 31, 2023 | 5.58 |
| Dec 31, 2022 | 13.46 |
| 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 |