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    NOC  Northrop Grumman Corporation

    Exchange

    NYSE

    Sector

    Capital Goods

    Industry

    Industrial Machinery/Components

    Market Cap.

    18.964B

    Weak Balance Sheet

    NOC's financial position is not ideal. The key is to check whether NOC is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Cash 1.41B 342.00M 1.23B 1.61B 1.02B 963.00M 1.50B 3.28B 3.70B 3.00B
    Current Assets 15.84B 5.75B 6.91B 7.55B 6.72B 6.77B 7.19B 8.64B 9.90B 7.75B
    Total Assets 42.27B 33.01B 33.36B 34.21B 32.01B 33.37B 30.20B 30.25B 31.42B 25.41B
    Current Liabilities 11.37B 6.36B 6.22B 7.97B 6.75B 6.43B 7.42B 6.99B 8.39B 6.14B
    Total Liabilities 27.94B 17.22B 16.66B 17.39B 15.39B 15.69B 18.28B 17.57B 17.86B 15.08B
    Stockholder' Equity 14.32B 15.79B 16.70B 16.83B 16.62B 17.69B 11.92B 12.69B 13.56B 10.34B
    Current Ratio 1.39 0.90 1.11 0.95 0.99 1.05 0.97 1.24 1.18 1.26
    TL-to-TA 0.66 0.52 0.50 0.51 0.48 0.47 0.61 0.58 0.57 0.59

    Consistent Reinvestment of Profits over the past 10 years

    NOC has consistently retained profits. This may put NOC in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, NOC can greatly improve their long-term economic picture.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Retained Earnings 2.87B 3.43B 4.01B 5.06B 6.18B 7.39B 5.59B 6.74B 8.25B 9.70B
    Retained Earnings Growth - 19.55% 16.99% 25.93% 22.31% 19.47% -24.33% 20.52% 22.38% 17.63%