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Northrop Grumman Corp  (NOC)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Northrop Grumman's Leverage Ratio

NOC's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 7.95%, Leverage Ratio fell to 1.73, below the Northrop Grumman's average Leverage Ratio.

Within Aerospace & Defense industry in the forth quarter 2023, 13 other companies have achieved lower Leverage Ratio than Northrop Grumman in the IV Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the third quarter 2023 from 253 to 1529 .

Explain Leverage Ratio?
Who are NOC Customers?
What are NOC´s Total Liabilities?


NOC Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change -3.38 % 14.24 % 13.44 % 13.92 % 18.46 %
Y / Y Total Liabilities Change 3.34 % -7.43 % -2.25 % -6.34 % -6.73 %
Leverage Ratio MRQ 1.73 1.49 1.61 1.59 1.62
NOC's Total Ranking # 1529 # 253 # 2482 # 251 # 1427
Seq. Equity Change -7.11 % 2.85 % 2.31 % -1.15 % 9.82 %
Seq. Total Liabilities Change 7.95 % -4.73 % 3.51 % -2.92 % -3.31 %



Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Aerospace & Defense Industry # 14
Capital Goods Sector # 145
Overall Market # 1529


Leverage Ratio Statistics
High Average Low
3.95 1.89 0.87
(Dec 31 2017)   (June 30. 2008)




Financial Statements
Northrop Grumman's Equity $ 14,795 Millions Visit NOC's Balance sheet
Northrop Grumman's Total Liabilities $ 25,664 Millions Visit NOC's Balance sheet
Source of NOC's Sales Visit NOC's Sales by Geography


Cumulative Northrop Grumman's Leverage Ratio

NOC's Leverage Ratio for the trailling 12 Months

NOC Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth -3.38 % 14.24 % 13.44 % 13.92 % 18.46 %
Y / Y Total Liabilities TTM Growth 3.34 % -7.43 % -2.25 % -6.34 % -6.73 %
Leverage Ratio TTM 1.61 1.58 1.66 1.73 1.81
Total Ranking TTM # 4 # 11 # 60 # 2432 # 5
Seq. Equity TTM Growth -7.11 % 2.85 % 2.31 % -1.15 % 9.82 %
Seq. Total Liabilities TTM Growth 7.95 % -4.73 % 3.51 % -2.92 % -3.31 %


On the trailing twelve months basis Due to the net new borrowings of 7.95% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeLeverage Ratio improved to 1.61, below the Northrop Grumman's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Aerospace & Defense industry NOC recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 4, from total ranking in previous 12 month period at 11.

Explain Leverage Ratio?
Who are NOC Customers?
What are NOC´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Aerospace & Defense Industry # 0
Capital Goods Sector # 1
Within the Market # 4


trailing twelve months Leverage Ratio Statistics
High Average Low
3.54 1.99 0.89
(Jun 30 2018)   (Sep. 30, 2008)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Aerospace & Defense Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Northrop Grumman Corp  1.73 $ 25,664.000  Millions$ 14,795.000  Millions
Vista Outdoor inc   1.18 $ 1,275.267  Millions$ 1,082.905  Millions
L3harris Technologies Inc   1.17 $ 22,107.000  Millions$ 18,829.000  Millions
Axon Enterprise inc   1.13 $ 1,824.811  Millions$ 1,612.034  Millions
Kaman Corporation  1.07 $ 743.068  Millions$ 691.767  Millions
Nextnav Inc   1.06 $ 83.424  Millions$ 78.734  Millions
Ducommun Incorporated  0.72 $ 457.112  Millions$ 636.094  Millions
Kratos Defense and Security Solutions inc   0.67 $ 656.500  Millions$ 976.000  Millions
Teledyne Technologies Inc  0.58 $ 5,306.700  Millions$ 9,221.200  Millions
Aar Corp  0.57 $ 655.100  Millions$ 1,155.500  Millions
Leonardo Drs Inc   0.49 $ 1,128.000  Millions$ 2,325.000  Millions

Date modified: 2024-01-26T14:04:36+00:00



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