• Northrop Grumman average debt/equity ratio for 2023 was 0.9, a 2.27% increase from 2022.
• Northrop Grumman average debt/equity ratio for 2022 was 0.88, a 21.43% increase from 2021.
• Northrop Grumman average debt/equity ratio for 2021 was 1.12, a 22.22% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.