Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northrop Grumman's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14,795 Mil. Northrop Grumman's Total Assets for the quarter that ended in Dec. 2023 was $46,544 Mil.
Therefore, Northrop Grumman's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.32.
The historical rank and industry rank for Northrop Grumman's Equity-to-Asset or its related term are showing as below:
NOC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.23 Max: 0.35
Current: 0.32
During the past 13 years, the highest Equity to Asset Ratio of Northrop Grumman was 0.35. The lowest was 0.20. And the median was 0.23.
NOC's Equity-to-Asset is ranked worse than 66.13% of 313
companies
in the Aerospace & Defense industry
Industry Median: 0.45
vs NOC: 0.32
Northrop Grumman Equity-to-Asset Historical Data
The historical data trend for Northrop Grumman's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aerospace & Defense subindustry, Northrop Grumman's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northrop Grumman Equity-to-Asset Distribution
For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northrop Grumman's Equity-to-Asset falls into.
Northrop Grumman Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Northrop Grumman's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Northrop Grumman Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Northrop Grumman's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Northrop Grumman (Northrop Grumman) Business Description
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.
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