Northrop Grumman (BSP:NOCG34) Debt-to-Asset : 0.35 (As of Mar. 2024)

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What is Northrop Grumman Debt-to-Asset?

Northrop Grumman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$0 Mil. Northrop Grumman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$82,525 Mil. Northrop Grumman's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was R$238,124 Mil. Northrop Grumman's debt to asset for the quarter that ended in Mar. 2024 was 0.35.

Northrop Grumman Debt-to-Asset Historical Data

The historical data trend for Northrop Grumman's Debt-to-Asset 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 Debt-to-Asset Chart

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.37

0.34

Northrop Grumman Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.38	0.34	0.35	0.34	0.35

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

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

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

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

Northrop Grumman Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	76819.064)	/	228056.291
	=	0.34

Northrop Grumman's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	82525.246)	/	238124.076
	=	0.35

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Northrop Grumman Debt-to-Asset 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-Asset

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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