National Grid Balance Sheet Health
Financial Health criteria checks 0/6
National Grid has a total shareholder equity of £29.5B and total debt of £46.2B, which brings its debt-to-equity ratio to 156.8%. Its total assets and total liabilities are £94.2B and £64.8B respectively. National Grid's EBIT is £4.2B making its interest coverage ratio 2.8. It has cash and short-term investments of £1.9B.
Key information
156.8%
Debt to equity ratio
UK£46.23b
Debt
| Interest coverage ratio | 2.8x |
| Cash | UK£1.91b |
| Equity | UK£29.48b |
| Total liabilities | UK£64.77b |
| Total assets | UK£94.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNGF's short term assets (£7.7B) do not cover its short term liabilities (£8.3B).
Long Term Liabilities: NNGF's short term assets (£7.7B) do not cover its long term liabilities (£56.5B).
Debt to Equity History and Analysis
Debt Level: NNGF's net debt to equity ratio (150.4%) is considered high.
Reducing Debt: NNGF's debt to equity ratio has increased from 148.3% to 156.8% over the past 5 years.
Debt Coverage: NNGF's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: NNGF's interest payments on its debt are not well covered by EBIT (2.8x coverage).