Northrop Grumman Corporation (NOC)

Quick 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
Cash US$ in thousands 4,353,000 3,326,000 3,272,000 3,061,000 3,109,000 2,082,000 3,384,000 2,495,000 2,577,000 1,666,000 1,169,000 2,174,000 3,530,000 4,055,000 3,941,000 3,517,000 4,907,000 4,995,000 4,178,000 3,278,000
Short-term investments US$ in thousands
Receivables US$ in thousands 7,180,000 1,609,000 1,694,000 1,832,000 7,147,000 1,764,000 2,096,000 2,061,000 7,494,000 1,936,000 2,387,000 1,713,000 6,959,000 1,590,000 1,910,000 1,710,000 6,641,000 1,958,000 1,989,000 2,136,000
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
Quick ratio 0.82 0.38 0.38 0.37 0.86 0.37 0.47 0.43 0.87 0.33 0.40 0.44 1.10 0.64 0.68 0.62 1.21 0.69 0.63 0.53

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,353,000K + $—K + $7,180,000K) ÷ $14,128,000K
= 0.82

The quick ratio of Northrop Grumman Corporation has varied over the past few years, ranging from a low of 0.33 to a high of 1.21. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. The trend shows fluctuations, suggesting changes in the company's ability to cover its current liabilities. Notably, there was a significant improvement from December 31, 2020, to March 31, 2021, but the ratio deteriorated again in the following periods. Investors and analysts should closely monitor this metric to assess the company's short-term liquidity position.


See also:

Northrop Grumman Corporation Quick Ratio (Quarterly Data)