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
Is National Grid (LON:NG.) A Risky Investment?
Mar 05
Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load
Dec 02National Grid (LON:NG.) Has No Shortage Of Debt
Jul 08Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden
Mar 16Is National Grid (LON:NG.) A Risky Investment?
Dec 07Is National Grid (LON:NG.) A Risky Investment?
Aug 27Recent updates
Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?
Apr 14Is National Grid (LON:NG.) A Risky Investment?
Mar 05Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E
Jan 07Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load
Dec 02National Grid's (LON:NG.) Dividend Will Be Increased To £0.194
Nov 12National Grid plc (LON:NG.) Shares Could Be 23% Below Their Intrinsic Value Estimate
Oct 21With EPS Growth And More, National Grid (LON:NG.) Makes An Interesting Case
Sep 28Calculating The Fair Value Of National Grid plc (LON:NG.)
Jul 23National Grid (LON:NG.) Has No Shortage Of Debt
Jul 08Here's Why We Think National Grid (LON:NG.) Might Deserve Your Attention Today
Jun 21National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.376
May 21Calculating The Fair Value Of National Grid plc (LON:NG.)
Apr 03Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden
Mar 16Is Now The Time To Put National Grid (LON:NG.) On Your Watchlist?
Mar 01A Look At The Fair Value Of National Grid plc (LON:NG.)
Dec 22Is National Grid (LON:NG.) A Risky Investment?
Dec 07National Grid (LON:NG.) Is Increasing Its Dividend To £0.1784
Nov 17Does National Grid (LON:NG.) Deserve A Spot On Your Watchlist?
Sep 26Is National Grid (LON:NG.) A Risky Investment?
Aug 27An Intrinsic Calculation For National Grid plc (LON:NG.) Suggests It's 23% Undervalued
Jul 27Should You Be Adding National Grid (LON:NG.) To Your Watchlist Today?
Jun 27National Grid (LON:NG.) Is Paying Out A Larger Dividend Than Last Year
May 26Does National Grid (LON:NG.) Have A Healthy Balance Sheet?
May 21A Look At The Intrinsic Value Of National Grid plc (LON:NG.)
Mar 28These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively
Jan 13Calculating The Intrinsic Value Of National Grid plc (LON:NG.)
Dec 26National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At UK£0.17
Nov 21These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively
Sep 28Are Investors Undervaluing National Grid plc (LON:NG.) By 22%?
Sep 10Shareholders May Not Be So Generous With National Grid plc's (LON:NG.) CEO Compensation And Here's Why
Jul 20Is National Grid (LON:NG.) A Risky Investment?
Jun 29Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?
Jun 11Financial Position Analysis
Short Term Liabilities: NG.'s short term assets (£7.7B) do not cover its short term liabilities (£8.3B).
Long Term Liabilities: NG.'s short term assets (£7.7B) do not cover its long term liabilities (£56.5B).
Debt to Equity History and Analysis
Debt Level: NG.'s net debt to equity ratio (150.4%) is considered high.
Reducing Debt: NG.'s debt to equity ratio has increased from 148.3% to 156.8% over the past 5 years.
Debt Coverage: NG.'s debt is not well covered by operating cash flow (15.6%).
Interest Coverage: NG.'s interest payments on its debt are not well covered by EBIT (2.8x coverage).