Quick Ratio
Updated 178h ago
Sector Performance
15th percentileNOC
0.30x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company's ability to pay short-term liabilities using its most liquid assets; a ratio of 0.30x means NOC has only $0.30 in liquid assets for every $1 of current liabilities.
This is well below the sector median of 0.72x, placing NOC in the 15th percentile among its peers, indicating lower liquidity than most. The year-over-year change is not available, but the quarter-over-quarter change shows a steep decline of -69.4% from 0.98x to 0.30x. The combination of a very low quick ratio and a sharp recent drop signals elevated short-term liquidity risk that could pressure the company's ability to meet upcoming obligations. This metric contradicts the overall NEUTRAL verdict, as the liquidity profile appears weaker than average and worsening, suggesting a more cautious view may be warranted.
Frequently Asked Questions
What does the Quick Ratio tell investors about NOC?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
Who are NOC's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), NIO (0.13x), DRI (0.13x), AWK (0.13x), SRE (0.11x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.30x
Sector Median
0.71x
Sector Avg
3.05x
How NOC's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.