Northrop Grumman Corporation (NOC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,274,000 | 14,332,000 | 14,267,000 | 14,796,000 | 13,706,000 | 13,150,000 | 13,869,000 | 12,810,000 | 12,488,000 | 12,298,000 | 11,637,000 | 11,556,000 | 12,426,000 | 12,928,000 | 12,762,000 | 12,253,000 | 15,344,000 | 14,552,000 | 13,179,000 | 13,128,000 |
| Total current liabilities | US$ in thousands | 14,128,000 | 13,101,000 | 12,908,000 | 13,132,000 | 11,942,000 | 10,305,000 | 11,557,000 | 10,483,000 | 11,587,000 | 10,812,000 | 8,976,000 | 8,850,000 | 9,530,000 | 8,819,000 | 8,591,000 | 8,367,000 | 9,580,000 | 10,109,000 | 9,727,000 | 10,177,000 |
| Current ratio | 1.01 | 1.09 | 1.11 | 1.13 | 1.15 | 1.28 | 1.20 | 1.22 | 1.08 | 1.14 | 1.30 | 1.31 | 1.30 | 1.47 | 1.49 | 1.46 | 1.60 | 1.44 | 1.35 | 1.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,274,000K ÷ $14,128,000K
= 1.01
Northrop Grumman Corporation's current ratio has fluctuated over the past few years, indicating variations in its short-term liquidity position. The current ratio stood at 1.29 as of March 31, 2020, and showed a general upward trend, reaching its peak at 1.60 on December 31, 2020. Subsequently, there was a slight decline in the ratio, with fluctuations observed in the following periods.
The company maintained a current ratio above 1 throughout the provided timeframe, suggesting that it generally had sufficient current assets to cover its short-term liabilities. However, the declining trend seen in recent quarters, with the ratio dropping to 1.01 by December 31, 2024, may raise concerns about the company's ability to meet its short-term obligations.
It is essential for stakeholders to monitor Northrop Grumman Corporation's current ratio closely to assess its liquidity position accurately and understand the company's ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024