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% on a YoY basis from 3.38 in Q2 2025, and down 84.85% quarter-over-quarter from 5.56 in Q1 2026.
Analysis
Noble (NE) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Noble (NE) has reported Interest Coverage Ratio for 6 consecutive years, with 0.84 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 75.11% year-over-year to 0.84; the trailing twelve-month figure through Jun 2026 stood at 2.2 (down 47.64% YoY), and the FY2025 full-year result was 2.56, down 60.09% from the prior year.
- Interest Coverage Ratio slipped to 0.84 in Q2 2026 per NE's latest filing, from 5.56 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 17.5 in Q2 2024 and bottomed at 4.51 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 5.88 across 5 years, with a median of 5.84 in 2026.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio soared 526.73% in 2022, then plunged 80.68% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 8.47 in 2022, then increased by 27.46% to 10.8 in 2023, then slumped by 60.14% to 4.3 in 2024, then plunged by 76.15% to 1.03 in 2025, then decreased by 18.02% to 0.84 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 0.84, 5.56, and 1.03 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.28 Bn | 6.83 Bn | 273.38 Mn | 0.84 |
| 2 | Transocean | 6.52 Bn | 5.73 Bn | 358.00 Mn | 7.60 |
| 3 | Seadrill | 3.07 Bn | 2.71 Bn | 234.00 Mn | 4.50 |
| 4 | Borr Drilling | 1.40 Bn | 1.17 Bn | - | 0.00 |
| 5 | Valaris | 808.73 Mn | 264.63 Mn | 123.70 Mn | - |
Historic Data
Download Data
Historic 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 | 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 |