Northrop Grumman (MEX:NOC) Cash-to-Debt : 0.26 (As of Dec. 2024)

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What is Northrop Grumman Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Northrop Grumman's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.26.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Northrop Grumman couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Northrop Grumman's Cash-to-Debt or its related term are showing as below:

MEX:NOC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.26 Max: 0.78
Current: 0.26

During the past 13 years, Northrop Grumman's highest Cash to Debt Ratio was 0.78. The lowest was 0.11. And the median was 0.26.

MEX:NOC's Cash-to-Debt is ranked worse than
71.57% of 313 companies
in the Aerospace & Defense industry
Industry Median: 0.84 vs MEX:NOC: 0.26

Northrop Grumman Cash-to-Debt Historical Data

The historical data trend for Northrop Grumman's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Northrop Grumman Cash-to-Debt Chart

Northrop Grumman Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.30

0.25

0.19

0.20

0.26

Northrop Grumman Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.19	0.18	0.20	0.26

Competitive Comparison of Northrop Grumman's Cash-to-Debt

For the Aerospace & Defense subindustry, Northrop Grumman's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northrop Grumman's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's Cash-to-Debt falls into.

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Northrop Grumman Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Northrop Grumman's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	90784.862	/	(0	+	343910.493)
	=	0.26

Northrop Grumman's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	90784.862	/	(0	+	343910.493)
	=	0.26

Northrop Grumman (MEX:NOC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Northrop Grumman Cash-to-Debt Related Terms

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Northrop Grumman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (MEX:NOC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NOC:USA 1NOC:Italy 0K92:UK NTH:Germany NTH:Germany NTH:Germany NOCG34:Brazil NOCO:Austria

Address

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

Website

https://www.northropgrumman.com

Northrop Grumman Corp is a diversified company which is aligned in four operating sectors, which also comprise our reportable segments namely Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The aerospace segment designs and builds military aircraft, including the F-35, Global Hawk drones, and the B-21 bomber. Defense systems develops artillery, missile systems, and missile defense technologies. Mission systems focuses on radar, navigation, and communication systems, while space systems manufactures satellites, sensors, and rocket motors.