NOBLE DRILLING A/S — Credit Rating and Financial Key Figures

CVR number: 32673821
Lyngby Hovedgade 85, 2800 Kgs. Lyngby

Credit rating

Company information

Official name
NOBLE DRILLING A/S
Personnel
257 persons
Established
2009
Company form
Limited company
Industry

About NOBLE DRILLING A/S

NOBLE DRILLING A/S (CVR number: 32673821) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 119.7 mUSD in 2023, demonstrating a growth of 1.7 % compared to the previous year. The operating profit percentage was poor at -57.3 % (EBIT: -68.6 mUSD), while net earnings were -647.3 mUSD. The profitability of the company measured by Return on Assets (ROA) was -13.7 %, which can be considered poor and Return on Equity (ROE) was -25.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NOBLE DRILLING A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2019
2020
2021
2022
2023
Volume
Net sales263.80277.47170.17117.71119.71
Gross profit125.33183.98106.6547.3314.26
EBIT-10.8354.14-9.04- 195.78-68.58
Net earnings-50.20-1 598.62342.92- 131.78- 647.31
Shareholders equity total4 223.422 631.182 972.882 821.862 180.78
Balance sheet total (assets)6 144.014 359.605 153.795 161.813 285.29
Net debt1 692.881 559.031 995.602 124.44867.92
Profitability
EBIT-%-4.1 %19.5 %-5.3 %-166.3 %-57.3 %
ROA-0.2 %-30.1 %7.1 %-1.2 %-13.7 %
ROE-1.2 %-46.6 %12.2 %-4.5 %-25.9 %
ROI-0.2 %-30.5 %7.2 %-1.2 %-13.9 %
Economic value added (EVA)70.45106.6841.10- 150.173.54
Solvency
Equity ratio68.7 %60.4 %57.7 %54.7 %66.4 %
Gearing43.5 %62.9 %70.9 %80.2 %45.0 %
Relative net indebtedness %667.3 %585.8 %1202.4 %1849.3 %787.4 %
Liquidity
Quick ratio4.26.514.31.70.9
Current ratio4.26.514.31.70.9
Cash and cash equivalents145.2596.02112.92138.75114.19
Capital use efficiency
Trade debtors turnover (days)24.727.00.412.31.4
Net working capital %128.8 %186.7 %611.5 %475.7 %-56.8 %
Credit risk
Credit ratingAAAAAAABBB

Variable visualization

ROA:-13.7%
Rating: 6/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.4%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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