NOC Quick Ratio Analysis

The quick ratio of 0.35x means NOC has only $0.35 of cash, marketable securities, and receivables to cover every $1 of short-term liabilities, excluding inventory — a thin liquidity cushion.

This sits well below the sector median of 0.71x, placing the company at the 18th percentile among peers, meaning most comparable firms maintain a stronger short-term liquidity position. The year-over-year change is unavailable, but quarter-over-quarter the ratio improved by 16.7%, moving from 0.30x to 0.35x over the most recent two periods. That combination — a low absolute level with a positive quarterly uptick — suggests ongoing liquidity risk is partially tempered by recent progress, offering a modest opportunity if the improvement continues. For an investor, this metric signals less immediate safety than the sector standard, but the directional change reduces the urgency of that concern. The metric supports the overall NEUTRAL verdict: the weak position argues for caution, while the recent rise prevents a more bearish stance.

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