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Northrop Grumman (MEX:NOC) Interest Expense : MXN-10,587 Mil (TTM As of Sep. 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 Sep. 2024 was MXN -3,170 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was MXN-10,587 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 Sep. 2024 was MXN 22,053 Mil. Northrop Grumman's Interest Expense for the three months ended in Sep. 2024 was MXN -3,170 Mil. Northrop Grumman's Interest Coverage for the quarter that ended in Sep. 2024 was 6.96. 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.

* Premium members only.

Northrop Grumman Interest Expense Chart

Northrop Grumman Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9,958.08 -11,795.96 -11,405.78 -9,864.98 -9,250.97

Northrop Grumman Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,456.06 -2,172.70 -2,423.05 -2,821.30 -3,170.14

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-10,587 Mil.

* 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.

Northrop Grumman  (MEX:NOC) Interest Expense Explanation

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. The higher, the better.

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 Sep. 2024 was MXN-3,170 Mil. Its Operating Income for the three months ended in Sep. 2024 was MXN22,053 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was MXN325,087 Mil.

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

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*22053.136/-3170.138
=6.96

* 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.

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

Northrop Grumman Business Description

Industry
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NOC:USA 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 is a diversified defense contractor providing aeronautics, defense, 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 maintains and upgrades 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. Space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.