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Based in Hong Kong and listed in Singapore, Noble Group is a huge commodity trading firm, focusing on trade in energy, minerals, and metals in Asia. It primarily acts as a middleman, arranging and financing shipments between suppliers and their markets. But although the company has been phasing out its ownership and production of commodities, global declines in commodity prices have still created stormy conditions for Noble, as customers’ financial woes have put pressure on Noble’s profit margins. In 2014, Noble sold a majority stake in Noble Agri, its agricultural products division, to Chinese grain trader COFCO. But its balance sheet remains shaky: Noble reported $4.9 billion of debt as of March, according to The Wall Street Journal, up nearly $1 billion from December of 2014. Noble’s supply-chain operations require a lot of short-term borrowing, and ratings agencies are keeping a close eye on the company’s books: A ratings downgrade could cut even more deeply into Noble’s profits.

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Company Information

CEO
Yusuf A. Alireza
Industry
Trading
Sector
Wholesalers
HQ Location
Hong Kong, China
Websitehttp://www.thisisnoble.com
Years on List8
Figures prepared in accordance with International Accounting Standards. Company is incorporated in Bermuda. Executive offices are in Hong Kong.

Key Financials (last fiscal year)

($ Millions)% change
Revenues97,604.6-0.3%
Profits132-45.8%
Assets20,002.4-
Employees1,900-

Profits as a % of

Profit as % of Revenues0.1%
Profits as % of Assets0.7%
Profits as % of Stockholder Equity2.6%