Noble (NE) Interest Coverage Ratio (2021 - 2026)
Noble's Interest Coverage Ratio was 0.84 in Q2 2026, down 75.1% from 3.38 a year earlier and down 84.8% from the prior quarter.
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Analysis
Noble (NE) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Noble's Interest Coverage Ratio was 2.20 through Jun 30, 2026, down 47.6% year-over-year; for FY2025, it was 2.56, down 60.1% from FY2024.
- In earlier years, Interest Coverage Ratio was 6.41 in FY2024 (-34.0%), 9.72 in FY2023 (+81.5%), 5.35 in FY2022 (+179.4%) and 1.92 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Interest Coverage Ratio since Q1 2022.
- Compared with a year earlier, Interest Coverage Ratio was higher in 1 of the last eight quarters, with an average decline of 55.0%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q3 2023 (growth of 137.8%); the worst was Q2 2025 (a decline of 80.7%).
- Per Business Quant data, NE's Interest Coverage Ratio in the three quarters before Q2 2026 was 5.56 (Q1 2026), 1.03 (Q4 2025) and 1.24 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn | 8.37 |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn | - |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn | -148.94 |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn | - |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn | 9.19 |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn | 0.84 |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn | - |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn | 7.60 |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn | - |
| 10 | Kodiak Gas Services | 5.32 Bn | 5.09 Bn | 246.76 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 |
API Access
Noble Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "NE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();