NOBLE DRILLING OPERATING SERVICES A/S
Credit rating
Company information
About the company
NOBLE DRILLING OPERATING SERVICES A/S (CVR number: 24206998) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 147.6 mUSD in 2023, demonstrating a decline of -18.8 % compared to the previous year. The operating profit percentage was at 1.2 % (EBIT: 1.8 mUSD), while net earnings were 5385 kUSD. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good but Return on Equity (ROE) was 15.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NOBLE DRILLING OPERATING SERVICES A/S's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 81.88 | 94.41 | 178.01 | 181.74 | 147.65 |
Gross profit | 8.54 | 12.79 | 5.63 | 7.08 | 1.76 |
EBIT | 8.54 | 12.79 | 5.62 | 7.08 | 1.76 |
Net earnings | 12.65 | 11.39 | 12.02 | -0.94 | 5.38 |
Shareholders equity total | 17.60 | 28.99 | 41.01 | 32.00 | 37.38 |
Balance sheet total (assets) | 39.94 | 66.96 | 116.56 | 84.21 | 71.02 |
Net debt | -1.18 | 21.08 | 54.17 | 26.91 | 27.98 |
Profitability | |||||
EBIT-% | 10.4 % | 13.5 % | 3.2 % | 3.9 % | 1.2 % |
ROA | 36.5 % | 27.2 % | 15.7 % | 9.8 % | 8.6 % |
ROE | 95.3 % | 48.9 % | 34.3 % | -2.6 % | 15.5 % |
ROI | 65.0 % | 43.0 % | 19.9 % | 12.8 % | 10.7 % |
Economic value added (EVA) | 7.21 | 9.48 | 3.29 | 3.03 | -0.30 |
Solvency | |||||
Equity ratio | 44.1 % | 43.3 % | 35.2 % | 38.0 % | 52.6 % |
Gearing | 72.7 % | 132.1 % | 84.1 % | 74.8 % | |
Relative net indebtedness % | 25.9 % | 40.2 % | 42.4 % | 28.7 % | 22.8 % |
Liquidity | |||||
Quick ratio | 2.1 | 2.0 | 1.6 | 1.7 | 2.1 |
Current ratio | 2.1 | 2.0 | 1.6 | 1.7 | 2.1 |
Cash and cash equivalents | 1.18 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 122.8 | 75.5 | 64.8 | 51.1 | 62.5 |
Net working capital % | 24.8 % | 34.3 % | 24.9 % | 19.6 % | 24.9 % |
Credit risk | |||||
Credit rating | BB | A | BBB | BBB | BBB |
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