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I dug up Noble's 3Q results statement to examine its balance sheet strength at the moment.
Debts
Short Term Bank loans: US$843 million
Convertible Bonds: US$306 million
Long Term Bank Loans: US$2,099 million
Senior Notes: US$2,678 million
Total Debt: US$5,926 million
Liquid Assets
Cash: US$2,187 million
Readily Marketable Inventories: US$2,712 million
Total Liquid Assets: US$4,899 million
I am not too sure how the latest acquisitions will impact its balance sheet. Wasn't it planning to dump some assets into Gloucester previously ? The balance sheet isn't terrible. It looks like a pretty normal balance sheet for high growth companies. Take note that the bulk of the Senior Notes are due in 2015 and 2020.
Debts
Short Term Bank loans: US$843 million
Convertible Bonds: US$306 million
Long Term Bank Loans: US$2,099 million
Senior Notes: US$2,678 million
Total Debt: US$5,926 million
Liquid Assets
Cash: US$2,187 million
Readily Marketable Inventories: US$2,712 million
Total Liquid Assets: US$4,899 million
I am not too sure how the latest acquisitions will impact its balance sheet. Wasn't it planning to dump some assets into Gloucester previously ? The balance sheet isn't terrible. It looks like a pretty normal balance sheet for high growth companies. Take note that the bulk of the Senior Notes are due in 2015 and 2020.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.