Noble Corporation plc A — Earnings Quality Grade F
NE · Energy
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 65 days, change -30 days YoY
AR growth -26.0% vs revenue growth 7.4%
Revenue 7.4%, CFFO 45.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -9.7% vs revenue 7.4%. Normal
SG&A/Gross Profit = 20.5%, excellent (<30%)
Gross margin swung -7.6pp (27.4% → 19.7%)
Cash Flow Quality
CFFO/NI = 4.39. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -9.8%. Low accruals
Cash $0.5B covers only 24% of debt $2.0B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 2.0x. Healthy
Other assets grew 58.2% vs revenue 7.4%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -100% YoY. Normal
Manipulation Score
M-Score = -2.70 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25