Northrop Grumman annual debt-to-assets ratio
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Northrop Grumman Debt-to-Assets Ratio Growth & History (NOC)
Northrop Grumman's debt-to-assets ratio was 0.35 for fiscal 2025.
View full Northrop Grumman company overviewNorthrop Grumman annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.35 | −0.02 | −6.60% |
| 2024 | 2024-12-31 | 0.37 | 0.03 | +8.09% |
| 2023 | 2023-12-31 | 0.34 | 0.00 | +0.58% |
| 2022 | 2022-12-31 | 0.34 | −0.00 | −0.41% |
| 2021 | 2021-12-31 | 0.34 | −0.03 | −7.84% |
| 2020 | 2020-12-31 | 0.37 | −0.00 | −0.66% |
| 2019 | 2019-12-31 | 0.38 | −0.01 | −1.69% |
| 2018 | 2018-12-31 | 0.38 | −0.05 | −12.00% |
| 2017 | 2017-12-31 | 0.43 | 0.16 | +57.45% |
| 2016 | 2016-12-31 | 0.28 | 0.01 | +3.78% |
| 2015 | 2015-12-31 | 0.27 | 0.04 | +19.22% |
| 2014 | 2014-12-31 | 0.22 | −0.00 | −0.75% |
| 2013 | 2013-12-31 | 0.22 | 0.08 | +51.62% |
| 2012 | 2012-12-31 | 0.15 | −0.01 | −4.26% |
| 2011 | 2011-12-31 | 0.15 | 0.03 | +23.45% |
| 2010 | 2010-12-31 | 0.13 | −0.01 | −9.45% |
| 2009 | 2009-12-31 | 0.14 | 0.02 | +21.50% |
| 2008 | 2008-12-31 | 0.11 | — | — |
Northrop Grumman quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-09-30 | 0.33 | −0.02 | −6.58% |
| Q2 2026 | 2026-06-30 | 0.34 | −0.02 | −5.17% |
| Q1 2026 | 2026-03-31 | 0.34 | −0.00 | −0.47% |
| Q4 2025 | 2025-12-31 | 0.35 | −0.02 | −6.60% |
| Q3 2025 | 2025-09-30 | 0.35 | −0.02 | −5.34% |
| Q2 2025 | 2025-06-30 | 0.35 | −0.03 | −7.05% |
| Q1 2025 | 2025-03-31 | 0.34 | −0.04 | −9.65% |
| Q4 2024 | 2024-12-31 | 0.37 | 0.03 | +8.09% |
| Q3 2024 | 2024-09-30 | 0.37 | 0.03 | +7.92% |
| Q2 2024 | 2024-06-30 | 0.38 | 0.02 | +4.29% |
| Q1 2024 | 2024-03-31 | 0.38 | 0.00 | +0.94% |
| Q4 2023 | 2023-12-31 | 0.34 | 0.00 | +0.58% |
| Q3 2023 | 2023-09-30 | 0.35 | 0.01 | +1.88% |
| Q2 2023 | 2023-06-30 | 0.37 | 0.02 | +5.61% |
| Q1 2023 | 2023-03-31 | 0.38 | 0.03 | +8.75% |
| Q4 2022 | 2022-12-31 | 0.34 | −0.00 | −0.41% |
| Q3 2022 | 2022-09-30 | 0.34 | 0.01 | +2.04% |
| Q2 2022 | 2022-06-30 | 0.35 | 0.01 | +2.98% |
| Q1 2022 | 2022-03-31 | 0.35 | 0.00 | +1.18% |
| Q4 2021 | 2021-12-31 | 0.34 | −0.03 | −7.84% |
| Q3 2021 | 2021-09-30 | 0.33 | −0.05 | −14.00% |
| Q2 2021 | 2021-06-30 | 0.34 | −0.07 | −16.21% |
| Q1 2021 | 2021-03-31 | 0.34 | −0.06 | −15.03% |
| Q4 2020 | 2020-12-31 | 0.37 | −0.00 | −0.66% |
| Q3 2020 | 2020-09-30 | 0.39 | 0.01 | +1.87% |
| Q2 2020 | 2020-06-30 | 0.40 | 0.00 | +0.93% |
| Q1 2020 | 2020-03-31 | 0.40 | 0.01 | +1.68% |
| Q4 2019 | 2019-12-31 | 0.38 | −0.01 | −1.69% |
| Q3 2019 | 2019-09-30 | 0.38 | 0.00 | +0.48% |
| Q2 2019 | 2019-06-30 | 0.40 | −0.01 | −1.66% |
| Q1 2019 | 2019-03-31 | 0.40 | −0.04 | −10.02% |
| Q4 2018 | 2018-12-31 | 0.38 | −0.05 | −12.00% |
| Q3 2018 | 2018-09-30 | 0.38 | 0.11 | +41.72% |
| Q2 2018 | 2018-06-30 | 0.40 | 0.13 | +46.87% |
| Q1 2018 | 2018-03-31 | 0.44 | 0.16 | +57.39% |
| Q4 2017 | 2017-12-31 | 0.43 | 0.16 | +57.45% |
| Q3 2017 | 2017-09-30 | 0.27 | 0.00 | +1.05% |
| Q2 2017 | 2017-06-30 | 0.28 | 0.01 | +3.70% |
| Q1 2017 | 2017-03-31 | 0.28 | 0.01 | +4.69% |
| Q4 2016 | 2016-12-31 | 0.28 | 0.01 | +3.78% |
| Q3 2016 | 2016-09-30 | 0.27 | −0.00 | −1.02% |
| Q2 2016 | 2016-06-30 | 0.27 | 0.00 | +1.48% |
| Q1 2016 | 2016-03-31 | 0.27 | 0.01 | +5.06% |
| Q4 2015 | 2015-12-31 | 0.27 | 0.04 | +19.22% |
| Q3 2015 | 2015-09-30 | 0.27 | 0.03 | +13.15% |
| Q2 2015 | 2015-06-30 | 0.26 | 0.03 | +11.79% |
| Q1 2015 | 2015-03-31 | 0.25 | 0.02 | +9.44% |
| Q4 2014 | 2014-12-31 | 0.22 | −0.00 | −0.75% |
| Q3 2014 | 2014-09-30 | 0.24 | 0.02 | +9.39% |
| Q2 2014 | 2014-06-30 | 0.23 | 0.02 | +8.47% |
| Q1 2014 | 2014-03-31 | 0.23 | 0.08 | +52.78% |
| Q4 2013 | 2013-12-31 | 0.22 | 0.08 | +51.62% |
| Q3 2013 | 2013-09-30 | 0.22 | 0.06 | +39.01% |
| Q2 2013 | 2013-06-30 | 0.22 | 0.06 | +38.28% |
| Q1 2013 | 2013-03-31 | 0.15 | −0.01 | −3.22% |
| Q4 2012 | 2012-12-31 | 0.15 | −0.01 | −4.26% |
| Q3 2012 | 2012-09-30 | 0.16 | −0.00 | −0.77% |
| Q2 2012 | 2012-06-30 | 0.16 | 0.00 | +0.47% |
| Q1 2012 | 2012-03-31 | 0.16 | — | — |
| Q4 2011 | 2011-12-31 | 0.15 | 0.03 | +23.45% |
| Q3 2011 | 2011-09-30 | 0.16 | 0.04 | +37.68% |
| Q2 2011 | 2011-06-30 | 0.16 | 0.04 | +33.99% |
| Q4 2010 | 2010-12-31 | 0.13 | −0.01 | −9.45% |
| Q3 2010 | 2010-09-30 | 0.11 | −0.02 | −16.23% |
| Q2 2010 | 2010-06-30 | 0.12 | 0.00 | +4.26% |
| Q1 2010 | 2010-03-31 | 0.12 | — | — |
| Q4 2009 | 2009-12-31 | 0.14 | 0.02 | +21.50% |
| Q3 2009 | 2009-09-30 | 0.14 | — | — |
| Q2 2009 | 2009-06-30 | 0.11 | — | — |
| Q4 2008 | 2008-12-31 | 0.11 | — | — |
Northrop Grumman debt-to-assets ratio trends
Over the last five fiscal years, Northrop Grumman's debt-to-assets ratio decreased from 0.37 to 0.35, a change of −0.03. The latest reported quarter, Q3 2026, shows 0.33.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Northrop Grumman source filings ↗Community posts
Northrop increases adjusted earnings guidance after strong defense order intake
Northrop Grumman ($NOC) reported quarterly sales of $11.1 billion, up 7%, and net earnings of approximately $1.1 billion. Earnings per share increased to $7.89 from $7.67. New awards totaled $16.4 billion, lifting backlog to $109.6 billion. ...
