Northrop Grumman (NOC) Debt/Assets Ratio: History & Chart

Northrop Grumman Corporation (NOC)NOCNorthrop Grumman Corporation

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.

Falls Church, VA

95,000 employees

www.northropgrumman.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: Kathy J. Warden

View full financials

NOC Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

32.09%

DEBT TO ASSETS RATIO AVG TTM

36.57%

DEBT TO ASSETS RATIO AVG 3Y

39.85%

DEBT TO ASSETS RATIO AVG 5Y

39.22%

DEBT TO ASSETS RATIO AVG 10Y

39.72%

DEBT TO ASSETS RATIO AVG 15Y

32.23%

DEBT TO ASSETS RATIO AVG 20Y

27.58%

CURRENT VS TTM AVG

-12.25%

CURRENT VS 3Y AVG

-19.47%

CURRENT VS 5Y AVG

-18.19%

CURRENT VS 10Y AVG

-19.21%

CURRENT VS 15Y AVG

-0.44%

CURRENT VS 20Y AVG

+16.33%

SECTOR MEDIAN · INDUSTRIALS

0.28%

median of 130 covered companies

CURRENT VS SECTOR MEDIAN

+11360.12%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
Northrop Grumman Corporation (NOC)	$81.65B	32.09%	36.57%	39.85%	39.22%
Canadian Pacific Kansas City Ltd. (CP)vs ›	$82.56B	0.28%	N/A	N/A	N/A
Cintas Corporation (CTAS)vs ›	$80.31B	0.26%	N/A	N/A	N/A
FedEx Corporation (FDX)vs ›	$80.28B	0.43%	N/A	N/A	N/A
Illinois Tool Works Inc. (ITW)vs ›	$83.71B	0.59%	N/A	N/A	N/A
Canadian National Railway Company (CNI)vs ›	$77.25B	0.38%	N/A	N/A	N/A
Cummins Inc. (CMI)vs ›	$87.16B	0.22%	N/A	N/A	N/A
Norfolk Southern Corporation (NSC)vs ›	$75.88B	0.37%	N/A	N/A	N/A
Honeywell International Inc. (HON)vs ›	$74.16B	0.37%	N/A	N/A	N/A
Waste Management, Inc. (WM)vs ›	$89.62B	0.50%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

Northrop Grumman Corporation (NOC)

$81.65B

32.09%

36.57%

39.85%

39.22%

Canadian Pacific Kansas City Ltd. (CP)vs ›

$82.56B

0.28%

N/A

Cintas Corporation (CTAS)vs ›

$80.31B

0.26%

N/A

FedEx Corporation (FDX)vs ›

$80.28B

0.43%

N/A

Illinois Tool Works Inc. (ITW)vs ›

$83.71B

0.59%

N/A

Canadian National Railway Company (CNI)vs ›

$77.25B

0.38%

N/A

Cummins Inc. (CMI)vs ›

$87.16B

0.22%

N/A

Norfolk Southern Corporation (NSC)vs ›

$75.88B

0.37%

N/A

Honeywell International Inc. (HON)vs ›

$74.16B

0.37%

N/A

Waste Management, Inc. (WM)vs ›

$89.62B

0.50%

N/A

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 32.09%.

Is Northrop Grumman Corporation's debt to assets ratio high or low?

The debt to assets ratio of 32.09% is 18% below its 5-year average of 39.22%, near the low end of its 5-year range (32.09%–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 36.57%.

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 39.85%.

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 39.22%.

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 39.72%.

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 32.23%.

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 27.58%.

DATE	DEBT TO ASSETS RATIO
2026-06-30	32.09%
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%

DATE

DEBT TO ASSETS RATIO

2026-06-30

32.09%

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%

Debt to Assets Ratio: 32.09%

NOC Debt to Assets Ratio

NOC Average Debt to Assets Ratio Chart

NOC Current vs Average Debt to Assets Ratio Chart

NOC Debt to Assets Ratio Metrics

NOC Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

NOC Debt to Assets Ratio History

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