Northrop Grumman (Northrop Grumman) Debt-to-Equity

: 1.06 (As of Dec. 2023)

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Northrop Grumman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Northrop Grumman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,678 Mil. Northrop Grumman's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14,795 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:

NOC' 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.

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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																0.96	1.10	1.01	0.98	1.06

Competitive Comparison

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 Debt-to-Equity Distribution

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	+	15678)	/	14795
	=	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	+	15678)	/	14795
	=	1.06

Northrop Grumman (NYSE:NOC) 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 (Northrop Grumman) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NOC:Mexico 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 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.

Executives

Mark A Caylor	officer: Corp VP & Pres ESS	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kathryn G Simpson	officer: Corp VP & General Counsel	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Robert J. Fleming	officer: CVP and Pres. Space Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Roshan S Roeder	officer: CVP & Pres. Defense Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Kimberly A. Ross	director	C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
David T Perry	officer: CVP Chief Global Bus Dev Off	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Lucy C Ryan	officer: Corp VP, Communications	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Michael A Hardesty	officer: Corp VP, Controller & CAO	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Thomas H Jones	officer: CVP & Pres Aeronautics Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary D Petryszyn	officer: CVP, Pres, Defense Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Sheila C. Cheston	officer: Corp. VP & General Counsel	C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Stephen F. O'bryan	officer: CVP Global Bus Dev Officer	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Arvind Krishna	director	IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722
Wilson Thomas L Jr	officer: CVP and Pres. Space Systems	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042