Northrop Grumman (BSP:NOCG34) Debt-to-Equity : 1.06 (As of Dec. 2023)

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What is Northrop Grumman Debt-to-Equity?

Northrop Grumman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$0 Mil. Northrop Grumman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$76,819 Mil. Northrop Grumman's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$72,493 Mil. Northrop Grumman's debt to equity for the quarter that ended in Dec. 2023 was 1.06.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BSP:NOCG34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.25 Max: 2.02
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Northrop Grumman was 2.02. The lowest was 0.82. And the median was 1.25.

BSP:NOCG34's Debt-to-Equity is ranked worse than
77.25% of 255 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs BSP:NOCG34: 1.06

Northrop Grumman Debt-to-Equity Historical Data

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

* Premium members only.

Northrop Grumman Debt-to-Equity Chart

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.72

1.55

1.11

0.96

1.06

Northrop Grumman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.96	1.10	1.01	0.98	1.06

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

For the Aerospace & Defense subindustry, Northrop Grumman's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Aerospace & Defense Industry

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

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

Northrop Grumman Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northrop Grumman's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	76819.064)	/	72492.541
	=	1.06

Northrop Grumman's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	76819.064)	/	72492.541
	=	1.06

Northrop Grumman (BSP:NOCG34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Northrop Grumman Debt-to-Equity Related Terms

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Northrop Grumman (BSP:NOCG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (BSP:NOCG34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOC:USA NOC:Mexico NTH:Germany NOCO:Austria

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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