Northrop Grumman Corporation (NOC)

Debt-to-assets 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
Long-term debt	US$ in thousands	14,692,000	14,689,000	14,706,000	14,742,000	13,786,000	13,793,000	13,796,000	13,770,000	11,805,000	11,803,000	12,834,000	12,825,000	12,777,000	12,774,000	12,764,000	12,764,000	14,261,000	14,260,000	14,259,000	14,299,000
Total assets	US$ in thousands	49,359,000	48,289,000	47,670,000	47,818,000	46,544,000	44,896,000	45,609,000	44,244,000	43,755,000	42,733,000	41,914,000	41,903,000	42,579,000	42,346,000	42,142,000	41,423,000	44,469,000	44,772,000	43,475,000	43,203,000
Debt-to-assets ratio		0.30	0.30	0.31	0.31	0.30	0.31	0.30	0.31	0.27	0.28	0.31	0.31	0.30	0.30	0.30	0.31	0.32	0.32	0.33	0.33

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $14,692,000K ÷ $49,359,000K
= 0.30

The debt-to-assets ratio of Northrop Grumman Corporation has shown consistency over the analyzed period, ranging from 0.27 to 0.33. This ratio indicates the proportion of the company's assets that are financed by debt, with lower values suggesting lower financial risk and greater financial stability. The gradual decreasing trend observed from 2020 to 2022 could indicate improved financial health and decreased reliance on debt financing. However, slight fluctuations were seen in subsequent periods.

As of December 31, 2024, the debt-to-assets ratio stands at 0.30, suggesting that 30% of Northrop Grumman's assets are financed by debt. This indicates a healthy balance between debt and assets, which could be perceived positively by investors and creditors as it signifies efficient and effective capital structure management. It is important for the company to monitor this ratio closely to ensure sustainable financial performance and prudent debt management practices.