Noble Corporation plc (NE) - Net Assets
Based on the latest financial reports, Noble Corporation plc (NE) has net assets worth $4.59 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.48 Billion) and total liabilities ($2.89 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Noble Corporation plc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.59 Billion |
| % of Total Assets | 61.35% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | 203.13% |
| 10-Year Change | -29.67% |
| Growth Volatility | 40.43 |
Noble Corporation plc - Net Assets Trend (2002–2025)
This chart illustrates how Noble Corporation plc's net assets have evolved over time, based on quarterly financial data. See NE days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Noble Corporation plc (2002–2025)
The table below shows the annual net assets of Noble Corporation plc from 2002 to 2025. For live valuation and market cap data, see NE market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.55 Billion | -2.20% |
| 2024-12-31 | $4.65 Billion | +18.62% |
| 2023-12-31 | $3.92 Billion | +8.71% |
| 2022-12-31 | $3.61 Billion | +140.37% |
| 2021-12-31 | $1.50 Billion | +581.92% |
| 2020-12-31 | $-311.39 Million | -108.51% |
| 2019-12-31 | $3.66 Billion | -21.39% |
| 2018-12-31 | $4.65 Billion | -21.78% |
| 2017-12-31 | $5.95 Billion | -7.99% |
| 2016-12-31 | $6.47 Billion | -12.86% |
| 2015-12-31 | $7.42 Billion | +1.86% |
| 2014-12-31 | $7.29 Billion | -19.48% |
| 2013-12-31 | $9.05 Billion | +6.62% |
| 2012-12-31 | $8.49 Billion | +4.82% |
| 2011-12-31 | $8.10 Billion | +11.12% |
| 2010-12-31 | $7.29 Billion | +7.35% |
| 2009-12-31 | $6.79 Billion | +28.42% |
| 2008-12-31 | $5.29 Billion | +22.86% |
| 2007-12-31 | $4.30 Billion | +33.56% |
| 2006-12-31 | $3.22 Billion | +18.28% |
| 2005-12-31 | $2.72 Billion | +14.64% |
| 2004-12-31 | $2.38 Billion | +9.38% |
| 2003-12-31 | $2.17 Billion | +9.51% |
| 2002-12-31 | $1.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noble Corporation plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 74.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $286.63 Million | 6.30% |
| Common Stock | $1.00K | 0.00% |
| Other Comprehensive Income | $5.16 Million | 0.11% |
| Other Components | $4.26 Billion | 93.59% |
| Total Equity | $4.55 Billion | 100.00% |
Noble Corporation plc Competitors by Market Cap
The table below lists competitors of Noble Corporation plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Synovus Financial Corp
NYSE:SNV
|
$6.95 Billion |
|
SODEXO S.A. ADR/ 1/5 EO 4
F:SJ70
|
$6.95 Billion |
|
New China Life Insurance Company Ltd
F:NCL
|
$6.95 Billion |
|
Camtek Ltd
TA:CAMT
|
$6.96 Billion |
|
VF Corporation
NYSE:VFC
|
$6.93 Billion |
|
BYD Electronic (International) Company Limited
F:4BY
|
$6.92 Billion |
|
Beijer Ref AB (publ)
ST:BEIJ-B
|
$6.92 Billion |
|
Alkem Laboratories Limited
NSE:ALKEM
|
$6.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noble Corporation plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,651,386,000 to 4,548,850,000, a change of -102,536,000 (-2.2%).
- Net income of 216,717,000 contributed positively to equity growth.
- Dividend payments of 320,368,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 1,191,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $216.72 Million | +4.76% |
| Dividends Paid | $320.37 Million | -7.04% |
| Share Repurchases | $20.00 Million | -0.44% |
| Other Comprehensive Income | $1.19 Million | +0.03% |
| Other Changes | $19.92 Million | +0.44% |
| Total Change | $- | -2.20% |
Book Value vs Market Value Analysis
This analysis compares Noble Corporation plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.92x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $14.91 | $43.51 | x |
| 2003-12-31 | $16.36 | $43.51 | x |
| 2004-12-31 | $17.79 | $43.51 | x |
| 2005-12-31 | $19.89 | $43.51 | x |
| 2006-12-31 | $23.52 | $43.51 | x |
| 2007-12-31 | $16.00 | $43.51 | x |
| 2008-12-31 | $19.83 | $43.51 | x |
| 2009-12-31 | $26.22 | $43.51 | x |
| 2010-12-31 | $28.21 | $43.51 | x |
| 2011-12-31 | $29.39 | $43.51 | x |
| 2012-12-31 | $30.55 | $43.51 | x |
| 2013-12-31 | $32.82 | $43.51 | x |
| 2014-12-31 | $25.96 | $43.51 | x |
| 2015-12-31 | $27.67 | $43.51 | x |
| 2016-12-31 | $23.69 | $43.51 | x |
| 2017-12-31 | $21.56 | $43.51 | x |
| 2018-12-31 | $17.25 | $43.51 | x |
| 2019-12-31 | $14.70 | $43.51 | x |
| 2020-12-31 | $-1.24 | $43.51 | x |
| 2021-12-31 | $24.94 | $43.51 | x |
| 2022-12-31 | $18.11 | $43.51 | x |
| 2023-12-31 | $27.01 | $43.51 | x |
| 2024-12-31 | $30.67 | $43.51 | x |
| 2025-12-31 | $28.39 | $43.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noble Corporation plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.60%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.66x
- Recent ROE (4.76%) is below the historical average (6.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.53% | 21.24% | 0.32x | 1.54x | $10.58 Million |
| 2003 | 7.64% | 16.85% | 0.31x | 1.46x | $-51.43 Million |
| 2004 | 6.13% | 13.70% | 0.32x | 1.39x | $-92.36 Million |
| 2005 | 10.86% | 21.47% | 0.32x | 1.59x | $23.52 Million |
| 2006 | 22.67% | 34.85% | 0.46x | 1.42x | $408.97 Million |
| 2007 | 27.99% | 40.26% | 0.51x | 1.36x | $775.18 Million |
| 2008 | 29.50% | 45.29% | 0.49x | 1.34x | $1.03 Billion |
| 2009 | 24.73% | 46.11% | 0.43x | 1.24x | $999.80 Million |
| 2010 | 10.80% | 27.55% | 0.25x | 1.57x | $57.13 Million |
| 2011 | 5.01% | 13.76% | 0.20x | 1.82x | $-369.75 Million |
| 2012 | 5.30% | 19.16% | 0.15x | 1.89x | $-363.24 Million |
| 2013 | 5.64% | 18.99% | 0.15x | 1.95x | $-362.93 Million |
| 2014 | 0.13% | 0.26% | 0.24x | 2.02x | $-647.98 Million |
| 2015 | 7.46% | 14.91% | 0.26x | 1.92x | $-170.13 Million |
| 2016 | -16.14% | -34.86% | 0.23x | 1.99x | $-1.51 Billion |
| 2017 | -9.79% | -41.28% | 0.12x | 2.05x | $-1.04 Billion |
| 2018 | -20.81% | -81.74% | 0.12x | 2.18x | $-1.31 Billion |
| 2019 | -19.15% | -53.67% | 0.16x | 2.26x | $-1.07 Billion |
| 2020 | 0.00% | -412.59% | 0.23x | 0.00x | $-3.95 Billion |
| 2021 | 23.47% | 41.54% | 0.41x | 1.38x | $202.15 Million |
| 2022 | 4.68% | 11.95% | 0.27x | 1.45x | $-191.76 Million |
| 2023 | 12.29% | 18.61% | 0.47x | 1.40x | $89.78 Million |
| 2024 | 9.64% | 14.66% | 0.38x | 1.71x | $-16.79 Million |
| 2025 | 4.76% | 6.60% | 0.44x | 1.66x | $-238.17 Million |
Industry Comparison
This section compares Noble Corporation plc's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $2,985,977,000
- Average return on equity (ROE) among peers: -13.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noble Corporation plc (NE) | $4.59 Billion | 10.53% | 0.63x | $6.94 Billion |
| Borr Drilling Ltd (BORR) | $1.53 Billion | -12.42% | 0.90x | $1.33 Billion |
| Helmerich and Payne Inc (HP) | $955.70 Million | 8.61% | 0.32x | $3.63 Billion |
| Nabors Industries Ltd. (NBR) | $1.39 Billion | -40.83% | 2.96x | $1.35 Billion |
| Patterson-UTI Energy Inc (PTEN) | $820.07 Million | 6.75% | 0.31x | $3.93 Billion |
| Transocean Ltd (RIG) | $14.81 Billion | 5.84% | 0.78x | $6.24 Billion |
| Seadrill Limited (SDRL) | $1.79 Billion | -67.99% | 4.18x | $2.68 Billion |
| Sable Offshore Corp. (SOC) | $339.02 Million | -27.63% | 1.10x | $586.10 Million |
| Valaris Ltd (VAL) | $2.24 Billion | 16.64% | 0.97x | $5.72 Billion |
About Noble Corporation plc
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of Americ… Read more