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)