Noble Plc Stock Working Capital

NE Stock

USD 44.07 0.42 0.96%

Noble plc fundamentals help investors to digest information that contributes to Noble Plc's financial success or failures. It also enables traders to predict the movement of Noble Stock. The fundamental analysis module provides a way to measure Noble Plc's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Noble Plc stock.

	Last Reported	Projected for Next Year
Net Working Capital	420.1 M	320.7 M
Change In Working Capital	-55.1 M	-52.3 M
Working Capital	0.00	0.00

As of May 2, 2024, Net Working Capital is expected to decline to about 320.7 M. The current year's Change In Working Capital is expected to grow to about (52.3 M).

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Noble plc Company Working Capital Analysis

Noble Plc's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Noble Plc Working Capital

420.07 M

Most of Noble Plc's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noble plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Noble Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Noble Plc is extremely important. It helps to project a fair market value of Noble Stock properly, considering its historical fundamentals such as Working Capital. Since Noble Plc's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Noble Plc's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Noble Plc's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Long Term Debt	Long Term Debt Total	Capital Surpluse	Property Plant Equipment	Net Tangible Assets	Cash And Equivalents	Deferred Long Term Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Capital Stock	Intangible Assets
Total Assets		0.94	0.9	0.94	0.47	0.76	-0.28	0.87	0.75	0.82	0.43	0.88	0.57	0.56	-0.65	0.73	0.61	0.67	0.67	0.72	0.48	0.33	0.54	0.28
Total Stockholder Equity	0.94		0.82	0.9	0.62	0.82	-0.21	0.66	0.81	0.81	0.46	0.79	0.36	0.34	-0.46	0.71	0.71	0.63	0.66	0.64	0.5	0.36	0.31	0.09
Net Debt	0.9	0.82		0.95	0.24	0.56	-0.37	0.88	0.49	0.77	0.31	0.81	0.71	0.71	-0.69	0.74	0.6	0.62	0.66	0.81	0.38	0.1	0.7	0.54
Retained Earnings	0.94	0.9	0.95		0.39	0.67	-0.31	0.84	0.64	0.87	0.47	0.88	0.67	0.67	-0.68	0.82	0.72	0.77	0.8	0.82	0.58	0.32	0.64	0.49
Accounts Payable	0.47	0.62	0.24	0.39		0.83	-0.29	0.23	0.65	0.38	0.57	0.5	-0.15	-0.17	0.18	0.21	0.33	0.14	0.16	0.03	0.24	0.36	-0.21	-0.36
Net Receivables	0.76	0.82	0.56	0.67	0.83		-0.24	0.54	0.81	0.63	0.42	0.73	0.13	0.11	-0.16	0.49	0.54	0.42	0.45	0.31	0.45	0.4	0.07	-0.1
Short Term Investments	-0.28	-0.21	-0.37	-0.31	-0.29	-0.24		-0.47	-0.29	-0.29	-0.13	-0.32	-0.1	-0.11	-0.19	0.11	0.04	0.1	0.03	0.01	0.02	0.05	-0.12	-0.26
Total Liab	0.87	0.66	0.88	0.84	0.23	0.54	-0.47		0.51	0.71	0.33	0.85	0.8	0.79	-0.72	0.65	0.41	0.61	0.59	0.71	0.39	0.2	0.79	0.57
Total Current Assets	0.75	0.81	0.49	0.64	0.65	0.81	-0.29	0.51		0.74	0.32	0.6	0.13	0.11	-0.18	0.47	0.57	0.53	0.53	0.32	0.57	0.64	0.07	-0.15
Short Term Debt	0.82	0.81	0.77	0.87	0.38	0.63	-0.29	0.71	0.74		0.42	0.79	0.55	0.55	-0.55	0.84	0.85	0.8	0.87	0.65	0.81	0.51	0.51	0.43
Common Stock	0.43	0.46	0.31	0.47	0.57	0.42	-0.13	0.33	0.32	0.42		0.53	0.27	0.27	-0.27	0.39	0.34	0.37	0.37	0.31	0.34	0.23	0.24	0.19
Current Deferred Revenue	0.88	0.79	0.81	0.88	0.5	0.73	-0.32	0.85	0.6	0.79	0.53		0.63	0.63	-0.63	0.73	0.56	0.71	0.69	0.66	0.58	0.36	0.59	0.44
Long Term Debt	0.57	0.36	0.71	0.67	-0.15	0.13	-0.1	0.8	0.13	0.55	0.27	0.63		1.0	-0.9	0.75	0.43	0.72	0.69	0.86	0.44	0.2	1.0	0.76
Long Term Debt Total	0.56	0.34	0.71	0.67	-0.17	0.11	-0.11	0.79	0.11	0.55	0.27	0.63	1.0		-0.9	0.74	0.42	0.72	0.68	0.85	0.44	0.18	1.0	0.8
Capital Surpluse	-0.65	-0.46	-0.69	-0.68	0.18	-0.16	-0.19	-0.72	-0.18	-0.55	-0.27	-0.63	-0.9	-0.9		-0.78	-0.44	-0.77	-0.7	-0.84	-0.44	-0.21	-0.89	-0.64
Property Plant Equipment	0.73	0.71	0.74	0.82	0.21	0.49	0.11	0.65	0.47	0.84	0.39	0.73	0.75	0.74	-0.78		0.89	0.88	0.93	0.88	0.76	0.4	0.71	0.47
Net Tangible Assets	0.61	0.71	0.6	0.72	0.33	0.54	0.04	0.41	0.57	0.85	0.34	0.56	0.43	0.42	-0.44	0.89		0.74	0.87	0.67	0.79	0.42	0.38	0.25
Cash And Equivalents	0.67	0.63	0.62	0.77	0.14	0.42	0.1	0.61	0.53	0.8	0.37	0.71	0.72	0.72	-0.77	0.88	0.74		0.96	0.81	0.88	0.69	0.67	0.51
Deferred Long Term Liab	0.67	0.66	0.66	0.8	0.16	0.45	0.03	0.59	0.53	0.87	0.37	0.69	0.69	0.68	-0.7	0.93	0.87	0.96		0.82	0.91	0.61	0.64	0.52
Net Invested Capital	0.72	0.64	0.81	0.82	0.03	0.31	0.01	0.71	0.32	0.65	0.31	0.66	0.86	0.85	-0.84	0.88	0.67	0.81	0.82		0.53	0.28	0.84	0.55
Short Long Term Debt	0.48	0.5	0.38	0.58	0.24	0.45	0.02	0.39	0.57	0.81	0.34	0.58	0.44	0.44	-0.44	0.76	0.79	0.88	0.91	0.53		0.76	0.39	0.36
Net Working Capital	0.33	0.36	0.1	0.32	0.36	0.4	0.05	0.2	0.64	0.51	0.23	0.36	0.2	0.18	-0.21	0.4	0.42	0.69	0.61	0.28	0.76		0.13	-0.03
Capital Stock	0.54	0.31	0.7	0.64	-0.21	0.07	-0.12	0.79	0.07	0.51	0.24	0.59	1.0	1.0	-0.89	0.71	0.38	0.67	0.64	0.84	0.39	0.13		0.8
Intangible Assets	0.28	0.09	0.54	0.49	-0.36	-0.1	-0.26	0.57	-0.15	0.43	0.19	0.44	0.76	0.8	-0.64	0.47	0.25	0.51	0.52	0.55	0.36	-0.03	0.8

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

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Working Capital Over Time

Noble Capital Surpluse

Capital Surpluse

891.96 Million

At present, Noble Plc's Capital Surpluse is projected to increase significantly based on the last few years of reporting.

Based on the company's disclosures, Noble plc has a Working Capital of 420.07 M. This is 243.62% lower than that of the Energy Equipment & Services sector and 34.22% lower than that of the Energy industry. The working capital for all United States stocks is 71.58% higher than that of the company.

Noble Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noble Plc's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Noble Plc could also be used in its relative valuation, which is a method of valuing Noble Plc by comparing valuation metrics of similar companies.

Noble Plc is currently under evaluation in working capital category among related companies.

Noble Fundamentals

	Return On Equity	0.13
	Return On Asset	0.0716
	Profit Margin	0.20 %
	Operating Margin	0.21 %
	Current Valuation	6.59 B
	Shares Outstanding	142.82 M
	Shares Owned By Insiders	21.82 %
	Shares Owned By Institutions	73.73 %
	Number Of Shares Shorted	7.33 M
	Price To Earning	29.72 X
	Price To Book	1.78 X
	Price To Sales	2.83 X
	Revenue	2.59 B
	Gross Profit	435.75 M
	EBITDA	916.68 M
	Net Income	481.9 M
	Cash And Equivalents	194.14 M
	Cash Per Share	2.39 X
	Total Debt	611.87 M
	Debt To Equity	0.14 %
	Current Ratio	1.94 X
	Book Value Per Share	27.86 X
	Cash Flow From Operations	574.34 M
	Short Ratio	6.47 X
	Earnings Per Share	3.32 X
	Price To Earnings To Growth	0.01 X
	Target Price	59.82
	Number Of Employees	3.6 K
	Beta	1.02
	Market Capitalization	6.27 B
	Total Asset	5.51 B
	Retained Earnings	541.16 M
	Working Capital	420.07 M
	Current Asset	1.24 B
	Current Liabilities	863.58 M
	Annual Yield	0.04 %
	Five Year Return	5.21 %
	Net Asset	5.51 B
	Last Dividend Paid	0.7

About Noble Plc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Noble plc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noble Plc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noble plc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Noble Plc Investors Sentiment

The influence of Noble Plc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Noble. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Noble Plc's public news can be used to forecast risks associated with an investment in Noble. The trend in average sentiment can be used to explain how an investor holding Noble can time the market purely based on public headlines and social activities around Noble plc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Noble Plc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Noble Plc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Noble Plc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Noble Plc.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Noble Plc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Noble Plc's short interest history, or implied volatility extrapolated from Noble Plc options trading.

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When determining whether Noble plc is a strong investment it is important to analyze Noble Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Noble Plc's future performance. For an informed investment choice regarding Noble Stock, refer to the following important reports:

How To Invest In Noble

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Is Noble Stock a good investment?

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What is Noble Plc's Net Worth?

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Largest Energy Equipment & Services Companies

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Largest Oil & Gas Drilling Companies

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Check out Noble Plc Piotroski F Score and Noble Plc Altman Z Score analysis.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

Note that the Noble plc information on this page should be used as a complementary analysis to other Noble Plc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Noble Plc's price analysis, check to measure Noble Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Noble Plc is operating at the current time. Most of Noble Plc's value examination focuses on studying past and present price action to predict the probability of Noble Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Plc's price. Additionally, you may evaluate how the addition of Noble Plc to your portfolios can decrease your overall portfolio volatility.

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Is Noble Plc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noble Plc. If investors know Noble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noble Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.123

Dividend Share

0.7

Earnings Share

3.32

Revenue Per Share

17.79

Quarterly Revenue Growth

0.04

The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Noble Plc Stock Working Capital

Noble plc Company Working Capital Analysis

Working Capital

Current Assets

-

Current Liabilities

Current Noble Plc Working Capital

Noble Working Capital Driver Correlations

Noble Capital Surpluse

Capital Surpluse

891.96 Million

Noble Working Capital Peer Comparison

Noble Fundamentals

About Noble Plc Fundamental Analysis

Noble Plc Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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