Northrop Grumman Corporation (NOC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,274,000 | 13,706,000 | 12,488,000 | 12,426,000 | 15,344,000 |
| Total current liabilities | US$ in thousands | 14,128,000 | 11,942,000 | 11,587,000 | 9,530,000 | 9,580,000 |
| Current ratio | 1.01 | 1.15 | 1.08 | 1.30 | 1.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,274,000K ÷ $14,128,000K
= 1.01
The current ratio of Northrop Grumman Corporation has exhibited a declining trend over the past five years, starting at 1.60 in December 2020 and decreasing to 1.01 by December 2024. This indicates a potential weakening liquidity position as the company may be less capable of meeting its short-term obligations with its current assets in the most recent period. A current ratio below 1 would suggest that the company may have difficulty covering its current liabilities with its current assets. It would be advisable for the company to closely monitor its liquidity position and take appropriate measures to improve its current ratio to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024