Northrop Grumman (LTS:0K92) Interest Expense : $-562 Mil (TTM As of Mar. 2024)

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What is Northrop Grumman Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northrop Grumman's interest expense for the three months ended in Mar. 2024 was $ -146 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-562 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Northrop Grumman's Operating Income for the three months ended in Mar. 2024 was $ 1,239 Mil. Northrop Grumman's Interest Expense for the three months ended in Mar. 2024 was $ -146 Mil. Northrop Grumman's Interest Coverage for the quarter that ended in Mar. 2024 was 8.49. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northrop Grumman Interest Expense Historical Data

The historical data trend for Northrop Grumman's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northrop Grumman Interest Expense Chart

Northrop Grumman Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-528.00

-593.00

-556.00

-506.00

-545.00

Northrop Grumman Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-129.00	-147.00	-141.00	-128.00	-146.00

Northrop Grumman Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-562 Mil.

Northrop Grumman (LTS:0K92) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northrop Grumman's Interest Expense for the three months ended in Mar. 2024 was $-146 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,239 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $16,572 Mil.

Northrop Grumman's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1239	/	-146
	=	8.49

The higher the ratio, the stronger the company's financial strength is.

Northrop Grumman (LTS:0K92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (LTS:0K92) » Definitions » Interest Expense

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Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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