Northrop Grumman Balance Sheet Health
Financial Health criteria checks 4/6
Northrop Grumman has a total shareholder equity of $14.7B and total debt of $16.3B, which brings its debt-to-equity ratio to 110.4%. Its total assets and total liabilities are $48.3B and $33.5B respectively. Northrop Grumman's EBIT is $3.1B making its interest coverage ratio 5.3. It has cash and short-term investments of $3.3B.
Key information
110.4%
Debt to equity ratio
US$16.28b
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$3.33b |
| Equity | US$14.75b |
| Total liabilities | US$33.54b |
| Total assets | US$48.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOCO's short term assets ($14.3B) exceed its short term liabilities ($13.1B).
Long Term Liabilities: NOCO's short term assets ($14.3B) do not cover its long term liabilities ($20.4B).
Debt to Equity History and Analysis
Debt Level: NOCO's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: NOCO's debt to equity ratio has reduced from 146.6% to 110.4% over the past 5 years.
Debt Coverage: NOCO's debt is well covered by operating cash flow (26%).
Interest Coverage: NOCO's interest payments on its debt are well covered by EBIT (5.3x coverage).