Northrop Grumman Balance Sheet Health
Financial Health criteria checks 4/6
Northrop Grumman has a total shareholder equity of $14.2B and total debt of $16.3B, which brings its debt-to-equity ratio to 114.8%. Its total assets and total liabilities are $47.8B and $33.6B respectively. Northrop Grumman's EBIT is $2.8B making its interest coverage ratio 5. It has cash and short-term investments of $3.1B.
Key information
114.8%
Debt to equity ratio
US$16.32b
Debt
Interest coverage ratio | 5x |
Cash | US$3.06b |
Equity | US$14.22b |
Total liabilities | US$33.60b |
Total assets | US$47.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTH's short term assets ($14.8B) exceed its short term liabilities ($13.1B).
Long Term Liabilities: NTH's short term assets ($14.8B) do not cover its long term liabilities ($20.5B).
Debt to Equity History and Analysis
Debt Level: NTH's net debt to equity ratio (93.3%) is considered high.
Reducing Debt: NTH's debt to equity ratio has reduced from 176.1% to 114.8% over the past 5 years.
Debt Coverage: NTH's debt is well covered by operating cash flow (23.7%).
Interest Coverage: NTH's interest payments on its debt are well covered by EBIT (5x coverage).