Debt to Assets Ratio: 34.14%
Is the debt to assets ratio high or low?
The debt to assets ratio of 34.14% is 12% below its 5-year average of 38.90%, near the low end of its 5-year range (34.14%–42.03%).
As of Monday, June 29, 2026. 9.62% below its 12-month average of 37.78%.
NOC Debt to Assets Ratio
Reported quarterly debt to assets ratio; no daily interpolation.
NOC Average Debt to Assets Ratio Chart
NOC Current vs Average Debt to Assets Ratio Chart
NOC Debt to Assets Ratio Metrics
DEBT TO ASSETS RATIO
34.14%
DEBT TO ASSETS RATIO AVG TTM
37.78%
DEBT TO ASSETS RATIO AVG 3Y
40.00%
DEBT TO ASSETS RATIO AVG 5Y
39.14%
DEBT TO ASSETS RATIO AVG 10Y
39.94%
DEBT TO ASSETS RATIO AVG 15Y
31.95%
DEBT TO ASSETS RATIO AVG 20Y
27.36%
CURRENT VS TTM AVG
-9.62%
CURRENT VS 3Y AVG
-14.63%
CURRENT VS 5Y AVG
-12.76%
CURRENT VS 10Y AVG
-14.52%
CURRENT VS 15Y AVG
+6.87%
CURRENT VS 20Y AVG
+24.78%
NOC Competitors' Debt to Assets Ratio
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $71.02B | 34.14% | 37.78% | 40.00% | 39.14% |
| Bloom Energy Corporation (BE)vs › | $71.69B | 0.68% | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $70.27B | 0.55% | N/A | N/A | N/A |
| Norfolk Southern Corporation (NSC)vs › | $70.26B | 0.38% | N/A | N/A | N/A |
| Canadian National Railway Company (CNI)vs › | $72.94B | 0.37% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $68.78B | 0.27% | N/A | N/A | N/A |
| TransDigm Group Incorporated (TDG)vs › | $74.09B | 1.31% | N/A | N/A | N/A |
| Republic Services, Inc. (RSG)vs › | $66.58B | 0.02% | N/A | N/A | N/A |
| FedEx Corporation (FDX)vs › | $76.00B | 0.43% | N/A | N/A | N/A |
| Comfort Systems USA, Inc. (FIX)vs › | $65.27B | 0.12% | N/A | N/A | N/A |
Leverage Ratios Comparison
Debt/Assets
34.1%
Debt/Equity
1.18
Current Ratio
1.09
Interest Coverage
6.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
- Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
- Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
- Both measure leverage but from different perspectives
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt to Assets Ratio Formula & Definition
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Debt to Assets Ratio FAQ
- What is the debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The debt to assets ratio for NOC stock is 34.14%.
- Is Northrop Grumman Corporation's debt to assets ratio high or low?
- The debt to assets ratio of 34.14% is 12% below its 5-year average of 38.90%, near the low end of its 5-year range (34.14%–42.03%).
- What is the TTM average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The TTM average debt to assets ratio for NOC stock is 37.78%.
- What is the 3Y average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The 3Y average debt to assets ratio for NOC stock is 40.00%.
- What is the 5Y average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The 5Y average debt to assets ratio for NOC stock is 39.14%.
- What is the 10Y average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The 10Y average debt to assets ratio for NOC stock is 39.94%.
- What is the 15Y average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The 15Y average debt to assets ratio for NOC stock is 31.95%.
- What is the 20Y average debt to assets ratio for Northrop Grumman Corporation (NOC)?
- The 20Y average debt to assets ratio for NOC stock is 27.36%.
NOC Debt to Assets Ratio History
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 34.14% |
| 2025-12-31 | 38.42% |
| 2025-09-30 | 39.12% |
| 2025-06-30 | 39.07% |
| 2025-03-31 | 38.13% |
| 2024-12-31 | 40.91% |
| 2024-09-30 | 41.25% |
| 2024-06-30 | 42.03% |
| 2024-03-31 | 41.79% |
| 2023-12-31 | 38.54% |
| 2023-09-30 | 38.60% |
| 2023-06-30 | 40.42% |
| 2023-03-31 | 41.66% |
| 2022-12-31 | 38.45% |
| 2022-09-30 | 38.06% |
| 2022-06-30 | 38.55% |
| 2022-03-31 | 38.55% |
| 2021-12-31 | 38.16% |
| 2021-09-30 | 36.64% |
| 2021-06-30 | 36.89% |
| 2021-03-31 | 37.45% |
| 2020-12-31 | 40.37% |
| 2020-09-30 | 41.66% |
| 2020-06-30 | 43.08% |
| 2020-03-31 | 43.17% |
| 2019-12-31 | 40.97% |
| 2019-09-30 | 42.26% |
| 2019-06-30 | 43.17% |
| 2019-03-31 | 42.29% |
| 2018-12-31 | 38.24% |
| 2018-09-30 | 37.97% |
| 2018-06-30 | 40.48% |
| 2018-03-31 | 43.86% |
| 2017-12-31 | 43.72% |
| 2017-09-30 | 26.74% |
| 2017-06-30 | 27.43% |
| 2017-03-31 | 27.78% |
| 2016-12-31 | 27.60% |
| 2016-09-30 | 26.50% |
| 2016-06-30 | 26.52% |
| 2016-03-31 | 26.69% |
| 2015-12-31 | 26.24% |
| 2015-09-30 | 26.78% |
| 2015-06-30 | 26.14% |
| 2015-03-31 | 25.40% |
| 2014-12-31 | 22.30% |
| 2014-09-30 | 23.66% |
| 2014-06-30 | 23.38% |
| 2014-03-31 | 23.21% |
| 2013-12-31 | 22.47% |
| 2013-09-30 | 21.63% |
| 2013-06-30 | 21.55% |
| 2013-03-31 | 15.19% |
| 2012-12-31 | 14.81% |
| 2012-09-30 | 15.56% |
| 2012-06-30 | 15.59% |
| 2012-03-31 | 15.70% |
| 2011-12-31 | 15.54% |
| 2011-09-30 | 15.84% |
| 2011-06-30 | 15.68% |
| 2011-03-31 | 14.85% |
| 2010-12-31 | 15.37% |
| 2010-09-30 | 13.95% |
| 2010-06-30 | 14.18% |
| 2010-03-31 | 14.16% |
| 2009-12-31 | 14.19% |
| 2009-09-30 | 15.28% |
| 2009-06-30 | 12.83% |
| 2009-03-31 | 13.07% |
| 2008-12-31 | 13.06% |
| 2008-09-30 | 11.86% |
| 2008-06-30 | 11.78% |
| 2008-03-31 | 12.28% |
| 2007-12-31 | 12.15% |
| 2007-09-30 | 12.53% |
| 2007-06-30 | 12.64% |
| 2007-03-31 | 13.71% |
| 2006-12-31 | 13.00% |
| 2006-09-30 | 13.64% |
| 2006-06-30 | 13.76% |
| 2006-03-31 | 14.06% |
| 2005-12-31 | 15.04% |
| 2005-09-30 | 15.21% |
| 2005-06-30 | 15.43% |
| 2005-03-31 | 15.56% |
| 2004-12-31 | 15.46% |
| 2004-09-30 | 17.22% |
| 2004-06-30 | 17.30% |
| 2004-03-31 | 17.88% |
| 2003-12-31 | 17.82% |
| 2003-09-30 | 19.05% |
| 2003-06-30 | 19.37% |
| 2003-03-31 | 20.62% |
| 2002-12-31 | 22.77% |
| 2002-09-30 | 24.18% |
| 2002-06-30 | 24.15% |
About Northrop Grumman Corporation
Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- Kathy J. Warden