Noble Income Before Tax vs Interest Income Analysis
NE Stock | USD 48.02 0.31 0.65% |
Noble Plc financial indicator trend analysis is infinitely more than just investigating Noble plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noble plc is a good investment. Please check the relationship between Noble Plc Income Before Tax and its Interest Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.
Income Before Tax vs Interest Income
Income Before Tax vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble plc Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Noble Plc's Income Before Tax and Interest Income is 0.35. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Income in the same time period over historical financial statements of Noble plc, assuming nothing else is changed. The correlation between historical values of Noble Plc's Income Before Tax and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Noble plc are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Before Tax i.e., Noble Plc's Income Before Tax and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Noble Plc income statement and is an important metric when analyzing Noble plc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most indicators from Noble Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noble plc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.At present, Noble Plc's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 68.2M | 82.2M | 128.4M | 170.5M | Cost Of Revenue | 855.1M | 1.1B | 1.8B | 931.6M |
Noble Plc fundamental ratios Correlations
Click cells to compare fundamentals
Noble Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Noble Plc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 248.9M | 250.8M | 60.2M | 97.6M | 145.2M | 188.9M | |
Total Assets | 8.3B | 4.3B | 2.1B | 5.2B | 5.5B | 8.9B | |
Short Long Term Debt Total | 3.9B | 6.9M | 216M | 672.8M | 611.9M | 581.3M | |
Other Current Liab | 305.4M | 84.4M | 105.7M | 207.4M | 216.3M | 281.8M | |
Total Current Liabilities | 516.9M | 218.4M | 248.4M | 667.1M | 641.7M | 597.9M | |
Total Stockholder Equity | 3.7B | (311.4M) | 1.5B | 3.6B | 3.9B | 5.0B | |
Property Plant And Equipment Net | 7.8B | 3.6B | 1.5B | 4.0B | 4.1B | 7.7B | |
Net Debt | 3.8B | (358.1M) | 21.9M | 196.6M | 244.1M | 231.9M | |
Retained Earnings | 2.9B | (1.1B) | 102.0M | 255.9M | 541.2M | 514.1M | |
Accounts Payable | 108.2M | 95.2M | 120.4M | 290.7M | 395.2M | 225.2M | |
Cash | 105.9M | 365.0M | 194.1M | 476.2M | 367.8M | 340.6M | |
Non Current Assets Total | 7.9B | 3.7B | 1.6B | 4.2B | 4.4B | 8.0B | |
Non Currrent Assets Other | 85.5M | 54.8M | 77.2M | 141.4M | 275.1M | 288.8M | |
Cash And Short Term Investments | 105.9M | 365.0M | 194.1M | 476.2M | 367.8M | 358.0M | |
Net Receivables | 279.7M | 189.3M | 216.5M | 468.8M | 592.9M | 507.7M | |
Common Stock Total Equity | 2.5M | 2.5M | 2.5M | 1K | 900.0 | 855.0 | |
Liabilities And Stockholders Equity | 8.3B | 4.3B | 2.1B | 5.2B | 5.5B | 8.9B | |
Non Current Liabilities Total | 4.1B | 4.4B | 324.4M | 960.7M | 944.5M | 897.3M | |
Other Current Assets | 36.5M | 47.9M | 45.0M | 106.8M | 101.1M | 94.6M | |
Other Stockholder Equity | 807.1M | 814.8M | 1.4B | 3.3B | 3.4B | 3.5B | |
Total Liab | 4.6B | 4.6B | 572.8M | 1.6B | 1.6B | 1.5B | |
Property Plant And Equipment Gross | 10.0B | 3.6B | 1.5B | 4.2B | 4.6B | 8.3B | |
Total Current Assets | 422.1M | 602.3M | 455.6M | 1.1B | 1.1B | 961.5M | |
Accumulated Other Comprehensive Income | (58.4M) | (58.0M) | 5.4M | 3.6M | 3.0M | 3.2M | |
Short Term Debt | 69.1M | 1.9M | 3.9M | 159.7M | 10.6M | 10.1M | |
Common Stock | 2.5M | 2.5M | 2.5M | 1K | 900.0 | 855.0 | |
Other Assets | 95.0M | 57.9M | 77.2M | 106.8M | 96.2M | 116.4M | |
Long Term Debt | 3.8B | 4.0B | 216M | 513.1M | 586.2M | 556.9M | |
Long Term Debt Total | 3.9B | 3.8B | 4.0B | 216M | 194.4M | 184.7M | |
Capital Surpluse | 699.4M | 807.1M | 814.8M | 1.4B | 1.6B | 892.0M | |
Property Plant Equipment | 7.8B | 3.6B | 1.5B | 4.0B | 3.6B | 5.2B | |
Other Liab | 302.3M | 353.1M | 108.4M | 423.8M | 381.4M | 255.8M | |
Net Tangible Assets | 3.7B | (311.4M) | 1.5B | 3.5B | 3.2B | 2.2B | |
Cash And Equivalents | 375.2M | 104.6M | 343.3M | 194.1M | 174.7M | 320.8M | |
Net Invested Capital | 7.5B | 3.7B | 1.7B | 672.8M | 4.5B | 4.1B | |
Non Current Liabilities Other | 260.9M | 201.0M | 95.2M | 447.6M | 296.0M | 293.4M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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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 (0.11) | Dividend Share 1.1 | Earnings Share 3.24 | Revenue Per Share 17.826 | Quarterly Revenue Growth 0.065 |
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.