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
Northrop Grumman (NYSE:NOC) Has A Somewhat Strained Balance Sheet
Oct 01
These 4 Measures Indicate That Northrop Grumman (NYSE:NOC) Is Using Debt Extensively
Jun 24Does Northrop Grumman (NYSE:NOC) Have A Healthy Balance Sheet?
Mar 12Recent updates
Northrop Grumman: Double-Digit Free Cash Flow And Why I Am Buying More
Dec 12Northrop Grumman Corporation's (NYSE:NOC) Earnings Haven't Escaped The Attention Of Investors
Dec 09Northrop Grumman Could Offer Investors A Lucrative Return
Nov 08A Look At The Intrinsic Value Of Northrop Grumman Corporation (NYSE:NOC)
Oct 16Northrop Grumman: A High-Flying Defense Stock For Total Return Investors
Oct 13Northrop Grumman Doesn't Need War To Be A Great Investment
Oct 03Northrop Grumman (NYSE:NOC) Has A Somewhat Strained Balance Sheet
Oct 01Growing Cash Flows, Strong Defense Demand Position Northrop Grumman For Long-Term Success
Sep 01Northrop Grumman's (NYSE:NOC) Returns On Capital Not Reflecting Well On The Business
Aug 31Northrop Grumman Q2 Preview: The Wait For Growth Catalysts Continues
Jul 22Investors Interested In Northrop Grumman Corporation's (NYSE:NOC) Earnings
Jul 11These 4 Measures Indicate That Northrop Grumman (NYSE:NOC) Is Using Debt Extensively
Jun 24Northrop Grumman: Why It's A Buy Despite Weakening Margins And Recent Setbacks
Jun 14Estimating The Fair Value Of Northrop Grumman Corporation (NYSE:NOC)
Jun 09Undervalued And Misunderstood: Why Northrop Grumman Is A High-Conviction Buy
May 31Northrop Grumman (NYSE:NOC) May Have Issues Allocating Its Capital
May 22Why Has Northrop Grumman Stock Underperformed?
May 07Northrop Grumman Corporation Just Recorded A 9.6% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 27Northrop Grumman May Take The Year Off To Navigate Headwinds
Apr 04Undervalued And Underestimated: Why Northrop Grumman Is A Buy
Mar 27Does Northrop Grumman (NYSE:NOC) Have A Healthy Balance Sheet?
Mar 12Market Participants Recognise Northrop Grumman Corporation's (NYSE:NOC) Earnings
Feb 23Northrop Grumman Corporation (NYSE:NOC) Shares Could Be 33% Below Their Intrinsic Value Estimate
Feb 09Seizing The Moment: Why I Just Bought Even More Northrop Grumman
Jan 27Returns On Capital At Northrop Grumman (NYSE:NOC) Have Stalled
Jan 14Northrop Grumman: A Worthy Investment
Jan 12Northrop Grumman - Why I Remain So Very Bullish
Dec 17Northrop Grumman Is A Great Company, But Unfortunately Still A Hold
Dec 04Northrop Grumman: Near-Term Risks But Long-Term Growth
Nov 14Northrop Grumman: Buy Or Hold On Global Tensions?
Nov 01Northrop Grumman: Shares Up After Terrorist Attacks On Israel, Near Fair Value
Oct 09Northrop Grumman: My Favorite High-Tech Investment
Sep 10Northrop Grumman: 4 Reasons To Buy This Leading Defense Contractor
Aug 21Northrop Grumman: Strong Buy As It Sees A Path To Double Free Cash Flow
Jul 28Northrop Grumman Stock: A Realistic Approach
Jul 19Northrop Grumman: A Shareholder-Friendly Defense Stock
Jun 03Financial Position Analysis
Short Term Liabilities: NOC's short term assets ($14.3B) exceed its short term liabilities ($13.1B).
Long Term Liabilities: NOC's short term assets ($14.3B) do not cover its long term liabilities ($20.4B).
Debt to Equity History and Analysis
Debt Level: NOC's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: NOC's debt to equity ratio has reduced from 146.6% to 110.4% over the past 5 years.
Debt Coverage: NOC's debt is well covered by operating cash flow (26%).
Interest Coverage: NOC's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:46 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Northrop Grumman Corporation is covered by 46 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Peter Arment | Baird |
| Ishan Majumdar | Baptista Research |