Current Assets
Total Current Assets
Northrop Grumman Total Current Assets decreased by 3.4% to $14.77B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from $13.27B to $14.77B. Over 5 years (FY 2020 to FY 2025), Total Current Assets shows relatively stable performance with a -0.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
A higher value relative to current liabilities indicates a strong safety margin for meeting short-term obligations.
Detailed definition
The sum of all assets that are reasonably expected to be converted into cash or consumed within one year. This aggregate...
Peer comparison
High-growth tech companies often maintain high current asset levels to support rapid scaling and R&D needs.
Metric ID:
total_current_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.76B | $12.93B | $12.43B | $11.56B | $11.64B | $12.30B | $12.49B | $12.81B | $13.87B | $13.15B | $13.71B | $14.80B | $14.27B | $14.33B | $14.27B | $13.27B | $14.03B | $14.11B | $15.29B | $14.77B |
| QoQ Change | — | +1.3% | -3.9% | -7.0% | +0.7% | +5.7% | +1.5% | +2.6% | +8.3% | -5.2% | +4.2% | +8.0% | -3.6% | +0.5% | -0.4% | -7.1% | +5.7% | +0.6% | +8.4% | -3.4% |
| YoY Change | — | — | — | — | -8.8% | -4.9% | +0.5% | +10.9% | +19.2% | +6.9% | +9.8% | +15.5% | +2.9% | +9.0% | +4.1% | -10.3% | -1.7% | -1.6% | +7.1% | +11.3% |
Range$11.56B – $15.29B
CAGR+3.1%
Avg YoY Growth+4.4%
Median YoY Growth+5.5%
Total Current Assets at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's total current assets?
- Northrop Grumman (NOC) reported total current assets of $14.77B in Q1 2026.
- How has Northrop Grumman's total current assets changed year-over-year?
- Northrop Grumman's total current assets increased by 11.3% year-over-year, from $13.27B to $14.77B.
- What is the long-term trend for Northrop Grumman's total current assets?
- Over 5 years (2020 to 2025), Northrop Grumman's total current assets has grown at a -0.1% compound annual growth rate (CAGR), from $15.34B to $15.29B.
- What does total current assets mean?
- Everything the company owns that can be turned into cash within a single year.