Debt-to-Equity Ratio

The Debt-to-Equity Ratio of 0.84x means NOC has $0.84 of debt for every $1.00 of shareholders’ equity, indicating a moderate reliance on borrowing relative to owner investment.

This ratio sits above the sector median of 0.72x, placing NOC in the 58th percentile among its peers — meaning it uses more debt than a typical competitor. Trend data is unavailable; the year-over-year change, quarter-over-quarter change, and last eight quarters are all reported as N/A, so no directional shift can be assessed. Because the current level is only slightly above the sector median and no trend exists, the investment risk appears tempered — neither a deleveraging opportunity nor a leverage red flag emerges. This metric supports the overall NEUTRAL verdict, as the debt-to-equity ratio is not extreme enough to signal strength or weakness, and the absence of trend data leaves the picture unchanged.

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