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Northrop Grumman NOC Debt-to-assets

Debt-to-assets at other companies

Boeing logo
BoeingBA
0.3×0.0×
General Dynamics logo
General DynamicsGD
0.2×0.0×
Raytheon Technologies logo
Raytheon TechnologiesRTX
0.2×0.0×
L3Harris Technologies logo
L3Harris TechnologiesLHX
0.3×0.0×
Lockheed Martin logo
Lockheed MartinLMT
0.3×0.0×
Leidos Holdings logo
Leidos HoldingsLDOS
0.4×0.0×

Other financials

Income statement

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Revenue$9.9B+4.4%
Operating income$989.0M+72.6%
Net income$875.0M+81.9%
EPS (diluted)$6.14+84.9%

Balance sheet

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Cash & equivalents$2.1B+24.0%
Total debt$17.1B+2.7%
Total equity$17.1B+14.2%
Total assets$50.0B+3.2%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$167.0M-34.8%
Free cash flow-$1.8B-0.1%

Valuation

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Market cap$78.14B+30.6%
Enterprise value$93.12B+25.5%
P/E17.1×+1.0×
P/S1.8×+0.4×

Profitability

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Operating margin11.6%+2.0pp
Net margin10.8%+1.6pp

Returns & leverage

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Return on equity28.5%+3.1pp
Debt / equity-0.1×
Current ratio1.2×+0.2×

Where this comes from

Calculated from Northrop Grumman’s reported figures.

Based on the most recent quarter.

The official record: Northrop Grumman’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's debt-to-assets?
Northrop Grumman (NOC) reported debt-to-assets of 0.3× in Q1 2026.
How has Northrop Grumman's debt-to-assets changed year-over-year?
Northrop Grumman's debt-to-assets decreased by 0.5% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Northrop Grumman's debt-to-assets?
Over 4 years (2021 to 2025), Northrop Grumman's debt-to-assets has grown at a 0.8% compound annual growth rate (CAGR), from 1.4× to 1.4×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.