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 | ||
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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.
Peer comparison
Dec 31, 2024