FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

NOC
2026-06-30 · figures in $M

NET DEBT DOWN

Net debt fell 5.3% to $11.3B, and stands at 1.89× annualized EBITDA.

CASH +1.1%
4,403
TOTAL DEBT -3.6%
15,696
NET DEBT -5.3%
11,293
NET DEBT / ANN. EBITDA -9.1%
1.89× TARGET <2.0×
Balance sheet FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Cash & equivalents
10-Q
1,579 2,245 4,907 3,530 2,577 3,109 4,353 4,403 +1.1%
Accounts receivable
10-Q
1,448 1,326 1,501 1,467 1,511 1,454 1,272 1,375 +8.1%
Inventories
10-Q
654 783 759 811 978 1,109 1,455 1,309 -10.0%
Other current assets
10-Q
973 997 1,402 1,126 1,439 2,341 1,286 1,656 +28.8%
Total current assets
10-Q
9,680 10,685 15,344 12,426 12,488 13,706 14,274 15,287 +7.1%
Current ratio
10-Q
1.17× 1.13× 1.60× 1.30× 1.08× 1.15× 1.01× 1.10× +9.0%
Goodwill
10-Q
18,672 18,708 17,518 17,515 17,516 17,517 17,512 17,437 -0.4%
Property, plant & equipment
10-Q
6,372 6,912 7,071 7,894 8,800 9,653 10,536 10,972 +4.1%
Total assets
10-Q
37,653 41,089 44,469 42,579 43,755 46,544 49,359 51,377 +4.1%
Return on assets (annualized)
10-Q
8.6% 5.5% 7.2% 16.5% 11.2% 4.4% 8.5% 8.1% -3.7%
Accounts payable
10-Q
2,182 2,226 1,806 2,197 2,587 2,110 2,599 3,240 +24.7%
Short-term debt
10-Q
517 1,109 742 6 1,072 70 1,582 534 -66.2%
Total current liabilities
10-Q
8,274 9,434 9,580 9,530 11,587 11,942 14,128 13,882 -1.7%
Long-term debt
10-K
13,883 12,770 14,261 12,777 11,805 13,786 14,692 15,162 +3.2%
Total liabilities
10-Q
29,466 32,270 33,890 29,653 28,443 31,749 34,069 34,703 +1.9%
Net debt
10-Q
12,821 11,634 10,096 9,253 10,300 10,747 11,921 11,293 -5.3%
Stockholders' equity
10-Q
8,187 8,819 10,579 12,926 15,312 14,795 15,290 16,674 +9.1%
Net debt / TTM EBITDA
10-Q
2.80× 2.22× 1.89× 1.34× 2.08× 2.77× 2.08× 1.89× -9.1%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM11,921 TOTAL DEBT-578 CASH & EQUIVALENTS-50 TO11,293
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-21 ↗