Northrop Grumman Balance Sheet Health
Financial Health criteria checks 4/6
Northrop Grumman has a total shareholder equity of $14.3B and total debt of $16.3B, which brings its debt-to-equity ratio to 114%. Its total assets and total liabilities are $47.7B and $33.4B respectively. Northrop Grumman's EBIT is $3.0B making its interest coverage ratio 5.2. It has cash and short-term investments of $3.3B.
Key information
114.0%
Debt to equity ratio
US$16.30b
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$3.27b |
| Equity | US$14.30b |
| Total liabilities | US$33.37b |
| Total assets | US$47.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTH's short term assets ($14.3B) exceed its short term liabilities ($12.9B).
Long Term Liabilities: NTH's short term assets ($14.3B) do not cover its long term liabilities ($20.5B).
Debt to Equity History and Analysis
Debt Level: NTH's net debt to equity ratio (91.1%) is considered high.
Reducing Debt: NTH's debt to equity ratio has reduced from 159.3% to 114% over the past 5 years.
Debt Coverage: NTH's debt is well covered by operating cash flow (26.9%).
Interest Coverage: NTH's interest payments on its debt are well covered by EBIT (5.2x coverage).