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.
Peer comparison
Dec 31, 2024
See also:
Northrop Grumman Corporation Debt to Assets (Quarterly Data)