Is it safe?
Can NOC take a bad year?
Northrop Grumman carries $12.5B of net debt at 2.04× EBITDA: a load its earnings can carry.
$12.5B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.04×
Net debt / EBITDA · 2.38× a year ago · the load is coming down
- Altman Z-score
- 2.83
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 6.98×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $15.2B
- Cash and short-term investments
- $2.73B
- Net debt
- $12.5B
- EBITDA, trailing twelve months
- $6.12B
- Operating profit, trailing twelve months
- $4.60B
- Debt / equity
- 0.85×
- Total debt / EBITDA
- 2.48×
- Annualised volatilitytwo years of daily moves
- 27%
- Worst drawdown on file
- −36%
- Below its 52-week high
- −28%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Aerospace & Defense
Ranks #11 of 48 by Smart Score