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.