• Northrop Grumman average current ratio for 2023 was 1.21, a 0% decline from 2022.
• Northrop Grumman average current ratio for 2022 was 1.21, a 15.38% decline from 2021.
• Northrop Grumman average current ratio for 2021 was 1.43, a 0.7% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.