Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Northrop Grumman Corp., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Northrop Grumman Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Northrop Grumman Corp. debt to equity ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Northrop Grumman Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Northrop Grumman Corp. debt to capital ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Northrop Grumman Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Northrop Grumman Corp. debt to assets ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Northrop Grumman Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Northrop Grumman Corp. interest coverage ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Equity
Northrop Grumman Corp., debt to equity calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Shareholders’ equity | 15,136) | 15,312) | 13,943) | 13,651) | 13,287) | 12,926) | 11,417) | 11,172) | 10,525) | 10,579) | 10,467) | 9,712) | 9,062) | 8,819) | 9,731) | 9,214) | 8,739) | 8,187) | 9,103) | 8,227) | 7,680) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.98 | 0.84 | 0.92 | 0.94 | 0.97 | 0.99 | 1.12 | 1.14 | 1.22 | 1.42 | 1.53 | 1.65 | 1.78 | 1.57 | 1.43 | 1.56 | 1.65 | 1.76 | 1.58 | 1.84 | 1.99 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 117.95 | — | — | — | — | |||||||
| Caterpillar Inc. | 2.04 | 2.33 | 2.34 | 2.35 | 2.20 | 2.29 | 2.21 | 2.23 | 2.30 | 2.42 | 2.55 | 2.81 | 2.61 | 2.58 | 2.54 | 2.45 | 2.32 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.50 | 0.51 | 0.56 | 0.59 | 0.58 | 0.52 | 0.57 | 0.79 | 0.68 | 0.54 | 0.57 | 0.58 | 0.59 | 0.52 | 0.51 | 0.50 | 0.47 | — | — | — | — | |||||||
| GE Aerospace | 0.71 | 0.89 | 0.97 | 0.94 | 0.86 | 0.87 | 1.68 | 1.90 | 2.12 | 2.11 | 2.39 | 2.43 | 2.41 | 3.21 | 3.34 | 2.95 | 3.06 | — | — | — | — | |||||||
| Honeywell International Inc. | 1.13 | 1.17 | 0.96 | 1.09 | 1.05 | 1.06 | 1.19 | 1.19 | 1.19 | 1.28 | 1.23 | 1.22 | 0.91 | 0.87 | 1.03 | 0.91 | 0.86 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 1.62 | 1.68 | 0.96 | 1.02 | 1.16 | 1.07 | 1.21 | 1.87 | 1.93 | 2.02 | 2.56 | 3.38 | 3.68 | 4.05 | 3.48 | 4.75 | 5.65 | — | — | — | — | |||||||
| RTX Corp. | 0.47 | 0.44 | 0.48 | 0.45 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.48 | 0.49 | 1.18 | 1.04 | 1.10 | 1.11 | 1.14 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 14,852 ÷ 15,136 = 0.98
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Northrop Grumman Corp. debt to equity ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Equity (including Operating Lease Liability)
Northrop Grumman Corp., debt to equity (including operating lease liability) calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Non-current operating lease liabilities | 1,789) | 1,824) | 1,696) | 1,654) | 1,661) | 1,590) | 1,367) | 1,389) | 1,354) | 1,343) | 1,292) | 1,333) | 1,280) | 1,308) | 1,304) | 1,081) | 1,098) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 16,641) | 14,701) | 14,568) | 14,502) | 14,493) | 14,373) | 14,147) | 14,159) | 14,160) | 16,346) | 17,358) | 17,395) | 17,369) | 15,187) | 15,175) | 15,464) | 15,484) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Shareholders’ equity | 15,136) | 15,312) | 13,943) | 13,651) | 13,287) | 12,926) | 11,417) | 11,172) | 10,525) | 10,579) | 10,467) | 9,712) | 9,062) | 8,819) | 9,731) | 9,214) | 8,739) | 8,187) | 9,103) | 8,227) | 7,680) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 1.10 | 0.96 | 1.04 | 1.06 | 1.09 | 1.11 | 1.24 | 1.27 | 1.35 | 1.55 | 1.66 | 1.79 | 1.92 | 1.72 | 1.56 | 1.68 | 1.77 | 1.76 | 1.58 | 1.84 | 1.99 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.53 | 0.53 | 0.59 | 0.62 | 0.60 | 0.54 | 0.59 | 0.81 | 0.70 | 0.56 | 0.59 | 0.61 | 0.62 | 0.54 | 0.53 | 0.51 | 0.48 | — | — | — | — | |||||||
| RTX Corp. | 0.50 | 0.46 | 0.50 | 0.47 | 0.46 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.50 | 0.51 | 1.23 | 1.10 | 1.15 | 1.17 | 1.19 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 16,641 ÷ 15,136 = 1.10
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Northrop Grumman Corp. debt to equity ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Capital
Northrop Grumman Corp., debt to capital calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Shareholders’ equity | 15,136) | 15,312) | 13,943) | 13,651) | 13,287) | 12,926) | 11,417) | 11,172) | 10,525) | 10,579) | 10,467) | 9,712) | 9,062) | 8,819) | 9,731) | 9,214) | 8,739) | 8,187) | 9,103) | 8,227) | 7,680) | |||||||
| Total capital | 29,988) | 28,189) | 26,815) | 26,499) | 26,119) | 25,709) | 24,197) | 23,942) | 23,331) | 25,582) | 26,533) | 25,774) | 25,151) | 22,698) | 23,602) | 23,597) | 23,125) | 22,587) | 23,509) | 23,358) | 22,940) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.50 | 0.46 | 0.48 | 0.48 | 0.49 | 0.50 | 0.53 | 0.53 | 0.55 | 0.59 | 0.61 | 0.62 | 0.64 | 0.61 | 0.59 | 0.61 | 0.62 | 0.64 | 0.61 | 0.65 | 0.67 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 1.39 | 1.39 | 1.45 | 1.35 | 1.36 | 1.35 | 1.30 | 1.36 | 1.40 | 1.40 | 1.24 | 1.23 | 1.33 | 1.46 | 1.20 | 1.38 | 0.99 | — | — | — | — | |||||||
| Caterpillar Inc. | 0.67 | 0.70 | 0.70 | 0.70 | 0.69 | 0.70 | 0.69 | 0.69 | 0.70 | 0.71 | 0.72 | 0.74 | 0.72 | 0.72 | 0.72 | 0.71 | 0.70 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.34 | 0.34 | 0.36 | 0.37 | 0.37 | 0.34 | 0.36 | 0.44 | 0.40 | 0.35 | 0.36 | 0.37 | 0.37 | 0.34 | 0.34 | 0.33 | 0.32 | — | — | — | — | |||||||
| GE Aerospace | 0.41 | 0.47 | 0.49 | 0.48 | 0.46 | 0.47 | 0.63 | 0.65 | 0.68 | 0.68 | 0.70 | 0.71 | 0.71 | 0.76 | 0.77 | 0.75 | 0.75 | — | — | — | — | |||||||
| Honeywell International Inc. | 0.53 | 0.54 | 0.49 | 0.52 | 0.51 | 0.51 | 0.54 | 0.54 | 0.54 | 0.56 | 0.55 | 0.55 | 0.48 | 0.46 | 0.51 | 0.48 | 0.46 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 0.62 | 0.63 | 0.49 | 0.50 | 0.54 | 0.52 | 0.55 | 0.65 | 0.66 | 0.67 | 0.72 | 0.77 | 0.79 | 0.80 | 0.78 | 0.83 | 0.85 | — | — | — | — | |||||||
| RTX Corp. | 0.32 | 0.31 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.54 | 0.51 | 0.52 | 0.53 | 0.53 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 14,852 ÷ 29,988 = 0.50
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Northrop Grumman Corp. debt to capital ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Capital (including Operating Lease Liability)
Northrop Grumman Corp., debt to capital (including operating lease liability) calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Non-current operating lease liabilities | 1,789) | 1,824) | 1,696) | 1,654) | 1,661) | 1,590) | 1,367) | 1,389) | 1,354) | 1,343) | 1,292) | 1,333) | 1,280) | 1,308) | 1,304) | 1,081) | 1,098) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 16,641) | 14,701) | 14,568) | 14,502) | 14,493) | 14,373) | 14,147) | 14,159) | 14,160) | 16,346) | 17,358) | 17,395) | 17,369) | 15,187) | 15,175) | 15,464) | 15,484) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Shareholders’ equity | 15,136) | 15,312) | 13,943) | 13,651) | 13,287) | 12,926) | 11,417) | 11,172) | 10,525) | 10,579) | 10,467) | 9,712) | 9,062) | 8,819) | 9,731) | 9,214) | 8,739) | 8,187) | 9,103) | 8,227) | 7,680) | |||||||
| Total capital (including operating lease liability) | 31,777) | 30,013) | 28,511) | 28,153) | 27,780) | 27,299) | 25,564) | 25,331) | 24,685) | 26,925) | 27,825) | 27,107) | 26,431) | 24,006) | 24,906) | 24,678) | 24,223) | 22,587) | 23,509) | 23,358) | 22,940) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.52 | 0.49 | 0.51 | 0.52 | 0.52 | 0.53 | 0.55 | 0.56 | 0.57 | 0.61 | 0.62 | 0.64 | 0.66 | 0.63 | 0.61 | 0.63 | 0.64 | 0.64 | 0.61 | 0.65 | 0.67 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.35 | 0.35 | 0.37 | 0.38 | 0.37 | 0.35 | 0.37 | 0.45 | 0.41 | 0.36 | 0.37 | 0.38 | 0.38 | 0.35 | 0.35 | 0.34 | 0.33 | — | — | — | — | |||||||
| RTX Corp. | 0.33 | 0.32 | 0.33 | 0.32 | 0.31 | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.33 | 0.34 | 0.55 | 0.52 | 0.54 | 0.54 | 0.54 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 16,641 ÷ 31,777 = 0.52
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Northrop Grumman Corp. debt to capital ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Assets
Northrop Grumman Corp., debt to assets calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Total assets | 44,244) | 43,755) | 42,733) | 41,914) | 41,903) | 42,579) | 42,346) | 42,142) | 41,423) | 44,469) | 44,772) | 43,475) | 43,203) | 41,089) | 40,553) | 39,584) | 39,751) | 37,653) | 37,943) | 37,378) | 34,795) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.34 | 0.29 | 0.30 | 0.31 | 0.31 | 0.30 | 0.30 | 0.30 | 0.31 | 0.34 | 0.36 | 0.37 | 0.37 | 0.34 | 0.34 | 0.36 | 0.36 | 0.38 | 0.38 | 0.40 | 0.44 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.42 | 0.43 | 0.43 | 0.42 | 0.42 | 0.38 | 0.38 | 0.27 | 0.20 | 0.19 | 0.15 | 0.12 | — | — | — | — | |||||||
| Caterpillar Inc. | 0.44 | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.50 | 0.50 | 0.49 | 0.48 | 0.49 | 0.46 | 0.45 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.25 | 0.25 | 0.26 | 0.28 | 0.27 | 0.25 | 0.27 | 0.33 | 0.30 | 0.25 | 0.26 | 0.27 | 0.27 | 0.25 | 0.25 | 0.25 | 0.24 | — | — | — | — | |||||||
| GE Aerospace | 0.14 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.27 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.32 | 0.34 | 0.35 | 0.34 | 0.34 | — | — | — | — | |||||||
| Honeywell International Inc. | 0.32 | 0.31 | 0.28 | 0.31 | 0.31 | 0.30 | 0.33 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.28 | 0.27 | 0.31 | 0.28 | 0.28 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 0.29 | 0.29 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 | 0.28 | 0.28 | 0.29 | — | — | — | — | |||||||
| RTX Corp. | 0.21 | 0.20 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.33 | 0.31 | 0.32 | 0.33 | 0.33 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 14,852 ÷ 44,244 = 0.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Northrop Grumman Corp. debt to assets ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Assets (including Operating Lease Liability)
Northrop Grumman Corp., debt to assets (including operating lease liability) calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,082) | 1,072) | 1,069) | 14) | 7) | 6) | 6) | 6) | 42) | 742) | 1,806) | 1,803) | 1,790) | 1,109) | 45) | 545) | 523) | 517) | 517) | 744) | 868) | |||||||
| Long-term debt, net of current portion | 13,770) | 11,805) | 11,803) | 12,834) | 12,825) | 12,777) | 12,774) | 12,764) | 12,764) | 14,261) | 14,260) | 14,259) | 14,299) | 12,770) | 13,826) | 13,838) | 13,863) | 13,883) | 13,889) | 14,387) | 14,392) | |||||||
| Total debt | 14,852) | 12,877) | 12,872) | 12,848) | 12,832) | 12,783) | 12,780) | 12,770) | 12,806) | 15,003) | 16,066) | 16,062) | 16,089) | 13,879) | 13,871) | 14,383) | 14,386) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Non-current operating lease liabilities | 1,789) | 1,824) | 1,696) | 1,654) | 1,661) | 1,590) | 1,367) | 1,389) | 1,354) | 1,343) | 1,292) | 1,333) | 1,280) | 1,308) | 1,304) | 1,081) | 1,098) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 16,641) | 14,701) | 14,568) | 14,502) | 14,493) | 14,373) | 14,147) | 14,159) | 14,160) | 16,346) | 17,358) | 17,395) | 17,369) | 15,187) | 15,175) | 15,464) | 15,484) | 14,400) | 14,406) | 15,131) | 15,260) | |||||||
| Total assets | 44,244) | 43,755) | 42,733) | 41,914) | 41,903) | 42,579) | 42,346) | 42,142) | 41,423) | 44,469) | 44,772) | 43,475) | 43,203) | 41,089) | 40,553) | 39,584) | 39,751) | 37,653) | 37,943) | 37,378) | 34,795) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.38 | 0.34 | 0.34 | 0.35 | 0.35 | 0.34 | 0.33 | 0.34 | 0.34 | 0.37 | 0.39 | 0.40 | 0.40 | 0.37 | 0.37 | 0.39 | 0.39 | 0.38 | 0.38 | 0.40 | 0.44 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.26 | 0.26 | 0.28 | 0.29 | 0.28 | 0.26 | 0.28 | 0.34 | 0.31 | 0.26 | 0.28 | 0.28 | 0.28 | 0.26 | 0.26 | 0.26 | 0.25 | — | — | — | — | |||||||
| RTX Corp. | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.35 | 0.33 | 0.34 | 0.34 | 0.34 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 16,641 ÷ 44,244 = 0.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Northrop Grumman Corp. debt to assets ratio (including operating lease liability) improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Financial Leverage
Northrop Grumman Corp., financial leverage calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 44,244) | 43,755) | 42,733) | 41,914) | 41,903) | 42,579) | 42,346) | 42,142) | 41,423) | 44,469) | 44,772) | 43,475) | 43,203) | 41,089) | 40,553) | 39,584) | 39,751) | 37,653) | 37,943) | 37,378) | 34,795) | |||||||
| Shareholders’ equity | 15,136) | 15,312) | 13,943) | 13,651) | 13,287) | 12,926) | 11,417) | 11,172) | 10,525) | 10,579) | 10,467) | 9,712) | 9,062) | 8,819) | 9,731) | 9,214) | 8,739) | 8,187) | 9,103) | 8,227) | 7,680) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 2.92 | 2.86 | 3.06 | 3.07 | 3.15 | 3.29 | 3.71 | 3.77 | 3.94 | 4.20 | 4.28 | 4.48 | 4.77 | 4.66 | 4.17 | 4.30 | 4.55 | 4.60 | 4.17 | 4.54 | 4.53 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 961.67 | — | — | — | — | |||||||
| Caterpillar Inc. | 4.61 | 5.16 | 5.19 | 5.16 | 4.82 | 5.02 | 4.85 | 4.85 | 4.87 | 5.11 | 5.13 | 5.57 | 5.35 | 5.38 | 5.22 | 5.34 | 5.10 | — | — | — | — | |||||||
| Eaton Corp. plc | 2.04 | 2.06 | 2.14 | 2.15 | 2.12 | 2.07 | 2.14 | 2.39 | 2.27 | 2.13 | 2.14 | 2.14 | 2.17 | 2.04 | 2.01 | 1.98 | 1.95 | — | — | — | — | |||||||
| GE Aerospace | 5.20 | 5.16 | 5.75 | 5.35 | 4.92 | 4.93 | 6.33 | 7.09 | 7.30 | 7.13 | 7.64 | 7.62 | 7.43 | 9.40 | 9.42 | 8.71 | 8.96 | — | — | — | — | |||||||
| Honeywell International Inc. | 3.54 | 3.73 | 3.40 | 3.55 | 3.45 | 3.47 | 3.60 | 3.56 | 3.53 | 3.68 | 3.51 | 3.50 | 3.25 | 3.17 | 3.32 | 3.23 | 3.12 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 5.66 | 5.71 | 4.35 | 4.53 | 5.15 | 4.64 | 5.38 | 7.99 | 8.15 | 8.43 | 10.25 | 13.22 | 14.29 | 15.20 | 12.66 | 16.79 | 19.34 | — | — | — | — | |||||||
| RTX Corp. | 2.22 | 2.19 | 2.25 | 2.26 | 2.20 | 2.21 | 2.23 | 2.23 | 2.24 | 2.25 | 2.37 | 2.40 | 3.54 | 3.34 | 3.44 | 3.41 | 3.46 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 44,244 ÷ 15,136 = 2.92
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Northrop Grumman Corp. financial leverage ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
Interest Coverage
Northrop Grumman Corp., interest coverage calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net earnings | 842) | 2,080) | 915) | 946) | 955) | 2,710) | 1,063) | 1,037) | 2,195) | 330) | 986) | 1,005) | 868) | (409) | 933) | 861) | 863) | 356) | 1,244) | 789) | 840) | |||||||
| Add: Income tax expense | 156) | 372) | 175) | 204) | 189) | 635) | 212) | 265) | 821) | (25) | 181) | 198) | 185) | (160) | 122) | 167) | 171) | 47) | 120) | 187) | 159) | |||||||
| Add: Interest expense | 129) | 120) | 122) | 131) | 133) | 133) | 132) | 136) | 155) | 160) | 154) | 154) | 125) | 130) | 123) | 137) | 138) | 142) | 133) | 144) | 143) | |||||||
| Earnings before interest and tax (EBIT) | 1,127) | 2,572) | 1,212) | 1,281) | 1,277) | 3,478) | 1,407) | 1,438) | 3,171) | 465) | 1,321) | 1,357) | 1,178) | (439) | 1,178) | 1,165) | 1,172) | 545) | 1,497) | 1,120) | 1,142) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 12.33 | 12.53 | 13.97 | 14.07 | 14.23 | 17.08 | 11.12 | 10.57 | 10.13 | 7.29 | 6.07 | 6.15 | 5.98 | 5.83 | 7.52 | 7.96 | 7.78 | 7.66 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | -0.53 | -0.98 | -2.54 | -1.40 | -1.31 | -0.88 | -2.29 | -2.55 | -4.26 | -5.71 | -3.83 | -3.86 | -6.13 | -2.19 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 21.33 | 20.80 | 22.05 | 20.08 | 19.10 | 17.88 | 14.11 | 11.79 | 9.28 | 8.80 | 9.94 | 13.07 | 17.44 | 19.62 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 19.85 | 21.22 | 21.33 | 24.31 | 22.57 | 21.11 | 20.08 | 15.71 | 11.87 | 12.72 | 11.39 | 11.72 | 13.79 | 11.98 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 6.73 | 1.88 | -1.66 | -1.16 | -1.49 | -0.96 | 2.15 | 1.11 | 0.65 | 2.59 | 2.16 | 2.11 | 2.64 | 1.27 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 14.34 | 16.41 | 20.95 | 20.60 | 21.35 | 22.09 | 20.98 | 18.89 | 16.79 | 17.75 | 18.10 | 20.68 | 23.18 | 22.17 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 10.58 | 11.72 | 13.31 | 10.88 | 14.12 | 14.27 | 13.67 | 15.97 | 15.44 | 14.93 | 14.16 | 13.35 | 12.63 | 12.09 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Interest coverage
= (EBITQ1 2023
+ EBITQ4 2022
+ EBITQ3 2022
+ EBITQ2 2022)
÷ (Interest expenseQ1 2023
+ Interest expenseQ4 2022
+ Interest expenseQ3 2022
+ Interest expenseQ2 2022)
= (1,127 + 2,572 + 1,212 + 1,281)
÷ (129 + 120 + 122 + 131)
= 12.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Northrop Grumman Corp. interest coverage ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |