Noble Corporation (NE)
Noble Corporation Accruals: 16.47M
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NE Accruals Rankings
| Overall | 84th percentile | 654 of 4311 |
| Sector | 85th percentile | 73 of 492 in Basic Materials |
| Industry | 96th percentile | 2 of 60 in Oil & Gas Drilling & Exploration |
NE Accruals Range, Past 5 Years
| Minimum | -292.56M | Jun 2010 |
| Maximum | 16.47M | Mar 2012 |
| Average | -111.31M |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
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NE News
May 29, 8:20AM Marketwire
May 22, 12:45PM Street Insider
about 10 days ago by azendrian
May 04, 11:45AM PR Newswire
about 40 days ago by StewartGlickmanSPCIQ
about 40 days ago by StewartGlickmanSPCIQ
about 41 days ago by TradeBot
about 64 days ago by StewartGlickmanSPCIQ
about 87 days ago by gtlackey
about 93 days ago by SumZero
about 96 days ago by TradeBot
about 98 days ago by MarubozuBrothers
about 101 days ago by gtlackey
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NE | 32.61 | -1.54 | -4.51% | 8.612B |
| NDX | 2559 | +31.92 | +1.26% | |
| NDSN | 53.62 | -0.48 | -0.89% | 3.527B |
| NDAQ | 21.82 | -0.40 | -1.80% | 3.853B |
| NCZ | 7.89 | -0.20 | -2.47% | |
| NCV | 8.73 | -0.16 | -1.80% | |
| NCTY | 4.80 | +0.26 | +5.73% | 105.65M |
| NCT | 6.63 | -0.11 | -1.63% | 708.91M |
| NCS | 9.53 | -0.47 | -4.70% | 204.00M |
| NCO | 16.13 | -0.04 | -0.25% |
