National Grid Balance Sheet Health
Financial Health criteria checks 1/6
National Grid has a total shareholder equity of £29.9B and total debt of £47.4B, which brings its debt-to-equity ratio to 158.6%. Its total assets and total liabilities are £98.3B and £68.4B respectively. National Grid's EBIT is £5.6B making its interest coverage ratio 3.8. It has cash and short-term investments of £4.3B.
Key information
158.6%
Debt to equity ratio
UK£47.42b
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£4.26b |
| Equity | UK£29.89b |
| Total liabilities | UK£68.43b |
| Total assets | UK£98.33b |
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
Estimating The Intrinsic Value Of National Grid plc (LON:NG.)
Jul 29There May Be Some Bright Spots In National Grid's (LON:NG.) Earnings
May 30National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.3912
May 26Are 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 21Financial Position Analysis
Short Term Liabilities: NG.'s short term assets (£10.4B) do not cover its short term liabilities (£11.4B).
Long Term Liabilities: NG.'s short term assets (£10.4B) do not cover its long term liabilities (£57.0B).
Debt to Equity History and Analysis
Debt Level: NG.'s net debt to equity ratio (144.4%) is considered high.
Reducing Debt: NG.'s debt to equity ratio has increased from 146.8% to 158.6% over the past 5 years.
Debt Coverage: NG.'s debt is not well covered by operating cash flow (14.6%).
Interest Coverage: NG.'s interest payments on its debt are well covered by EBIT (3.8x coverage).