Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Current Ratio
since 2005

Microsoft Excel

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Calculation

Northrop Grumman Corp., current ratio, long-term trends, calculation

Microsoft Excel

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


The analysis of the given financial data reveals notable fluctuations in the liquidity position over the observed period.

Current Assets
The current assets exhibit an overall increasing trend from 7,549 million US dollars in 2005, reaching a peak of 16,349 million US dollars in 2017. Thereafter, the values show volatility, decreasing to 9,680 million in 2018, recovering to 15,344 million in 2020, and then declining again to approximately 12,488 million by 2022. The fluctuations imply variability in short-term resource availability, with significant growth up to 2017 followed by periods of contraction and recovery.
Current Liabilities
Current liabilities start at 7,974 million US dollars in 2005 and overall show a pattern of moderate fluctuations. There is a general downward trend till 2015, when liabilities decrease to 5,457 million, followed by increases to 9,530 million by 2021 and further to 11,587 million in 2022. This indicates an increasing short-term obligation burden toward the latter years, potentially pressuring liquidity.
Current Ratio
The current ratio, a key measure of short-term liquidity, fluctuates around unity throughout the period, higher than 1.0 after 2006 except in 2008 and 2022. It rises significantly to 2.35 in 2017 coinciding with the peak in current assets and decreased liabilities, signaling strong liquidity at that point. However, ratios decline again to 1.08 by 2022, reflecting tighter liquidity, likely due to increased current liabilities and reduced asset base relative to earlier peaks.

Overall, the company's liquidity position demonstrates periods of strengthening and weakening. The spike in current ratio and assets in 2017 indicates an optimal liquidity phase, whereas the subsequent decline in this ratio by 2022 may warrant attention to the company's ability to meet short-term obligations. The rising current liabilities toward the end of the period suggest increased financial pressure on current resources.


Comparison to Competitors

Northrop Grumman Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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)

Microsoft Excel

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)

Microsoft Excel

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).