Current Ratio
since 2005
Calculation
Northrop Grumman Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1.08 | = | 12,488) | ÷ | 11,587) |
| Dec 31, 2021 | 1.30 | = | 12,426) | ÷ | 9,530) |
| Dec 31, 2020 | 1.60 | = | 15,344) | ÷ | 9,580) |
| Dec 31, 2019 | 1.13 | = | 10,685) | ÷ | 9,434) |
| Dec 31, 2018 | 1.17 | = | 9,680) | ÷ | 8,274) |
| Dec 31, 2017 | 2.35 | = | 16,349) | ÷ | 6,965) |
| Dec 31, 2016 | 1.22 | = | 6,856) | ÷ | 5,630) |
| Dec 31, 2015 | 1.16 | = | 6,334) | ÷ | 5,457) |
| Dec 31, 2014 | 1.39 | = | 8,184) | ÷ | 5,892) |
| Dec 31, 2013 | 1.63 | = | 9,488) | ÷ | 5,815) |
| Dec 31, 2012 | 1.39 | = | 8,392) | ÷ | 6,056) |
| Dec 31, 2011 | 1.26 | = | 7,746) | ÷ | 6,135) |
| Dec 31, 2010 | 1.18 | = | 9,904) | ÷ | 8,386) |
| Dec 31, 2009 | 1.24 | = | 8,635) | ÷ | 6,985) |
| Dec 31, 2008 | 0.97 | = | 7,189) | ÷ | 7,424) |
| Dec 31, 2007 | 1.05 | = | 6,772) | ÷ | 6,432) |
| Dec 31, 2006 | 0.99 | = | 6,719) | ÷ | 6,753) |
| Dec 31, 2005 | 0.95 | = | 7,549) | ÷ | 7,974) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Northrop Grumman Corp., current ratio, long-term trends, comparison to competitors
| Northrop Grumman Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 1.08 | 1.22 | 1.39 | 1.38 | 1.16 | 1.25 | 1.32 | 1.09 |
| Dec 31, 2021 | 1.30 | 1.33 | 1.46 | 1.04 | 1.28 | 1.30 | 1.42 | 1.19 |
| Dec 31, 2020 | 1.60 | 1.39 | 1.53 | 1.56 | 1.58 | 1.47 | 1.39 | 1.21 |
| Dec 31, 2019 | 1.13 | 1.05 | 1.47 | 1.70 | 1.16 | 1.34 | 1.22 | 1.08 |
| Dec 31, 2018 | 1.17 | 1.08 | 1.37 | 1.47 | — | 1.29 | 1.12 | 1.13 |
| Dec 31, 2017 | 2.35 | 1.16 | 1.35 | 1.64 | — | 1.38 | 1.38 | 1.35 |
| Dec 31, 2016 | 1.22 | 1.25 | 1.22 | 1.27 | — | 1.41 | 1.20 | 1.30 |
| Dec 31, 2015 | 1.16 | 1.35 | 1.31 | 1.43 | — | 1.09 | 1.15 | 1.18 |
| Dec 31, 2014 | 1.39 | 1.20 | 1.39 | 1.51 | — | 1.50 | 1.11 | 1.30 |
| Dec 31, 2013 | 1.63 | 1.26 | 1.40 | 1.78 | — | 1.49 | 1.20 | 1.29 |
| Dec 31, 2012 | 1.39 | 1.27 | 1.43 | 1.44 | — | 1.35 | 1.14 | 1.24 |
| Dec 31, 2011 | 1.26 | 1.21 | 1.33 | 1.60 | — | 1.31 | 1.16 | 1.38 |
| Dec 31, 2010 | 1.18 | 1.15 | 1.44 | 1.70 | — | 1.28 | 1.15 | 1.33 |
| Dec 31, 2009 | 1.24 | 1.07 | 1.39 | 1.68 | — | 1.25 | 1.17 | 1.29 |
| Dec 31, 2008 | 0.97 | 0.84 | 1.21 | 1.28 | — | 1.08 | 1.01 | 1.24 |
| Dec 31, 2007 | 1.05 | 0.86 | 1.15 | 1.30 | — | 1.15 | 1.11 | 1.26 |
| Dec 31, 2006 | 0.99 | 0.77 | 1.20 | 1.29 | — | 1.21 | 1.06 | 1.24 |
| Dec 31, 2005 | 0.95 | 0.78 | 1.19 | 1.21 | — | 1.15 | 1.12 | 1.12 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Northrop Grumman Corp., current ratio, long-term trends, comparison to sector (capital goods)
| Northrop Grumman Corp. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 1.08 | 1.22 |
| Dec 31, 2021 | 1.30 | 1.31 |
| Dec 31, 2020 | 1.60 | 1.43 |
| Dec 31, 2019 | 1.13 | 1.17 |
| Dec 31, 2018 | 1.17 | 1.17 |
| Dec 31, 2017 | 2.35 | 1.29 |
| Dec 31, 2016 | 1.22 | 1.27 |
| Dec 31, 2015 | 1.16 | 1.26 |
| Dec 31, 2014 | 1.39 | 1.29 |
| Dec 31, 2013 | 1.63 | 1.34 |
| Dec 31, 2012 | 1.39 | 1.31 |
| Dec 31, 2011 | 1.26 | 1.29 |
| Dec 31, 2010 | 1.18 | 1.28 |
| Dec 31, 2009 | 1.24 | 1.23 |
| Dec 31, 2008 | 0.97 | 1.07 |
| Dec 31, 2007 | 1.05 | 1.08 |
| Dec 31, 2006 | 0.99 | 1.05 |
| Dec 31, 2005 | 0.95 | 1.03 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Northrop Grumman Corp., current ratio, long-term trends, comparison to industry (industrials)
| Northrop Grumman Corp. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 1.08 | 1.21 |
| Dec 31, 2021 | 1.30 | 1.30 |
| Dec 31, 2020 | 1.60 | 1.42 |
| Dec 31, 2019 | 1.13 | 1.19 |
| Dec 31, 2018 | 1.17 | 1.17 |
| Dec 31, 2017 | 2.35 | 1.29 |
| Dec 31, 2016 | 1.22 | 1.27 |
| Dec 31, 2015 | 1.16 | 1.28 |
| Dec 31, 2014 | 1.39 | 1.31 |
| Dec 31, 2013 | 1.63 | 1.38 |
| Dec 31, 2012 | 1.39 | 1.35 |
| Dec 31, 2011 | 1.26 | 1.33 |
| Dec 31, 2010 | 1.18 | 1.32 |
| Dec 31, 2009 | 1.24 | 1.26 |
| Dec 31, 2008 | 0.97 | 1.09 |
| Dec 31, 2007 | 1.05 | 1.09 |
| Dec 31, 2006 | 0.99 | 1.07 |
| Dec 31, 2005 | 0.95 | 1.06 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).