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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGPF's short term assets (£10.4B) do not cover its short term liabilities (£11.4B).
Long Term Liabilities: NGPF's short term assets (£10.4B) do not cover its long term liabilities (£57.0B).
Debt to Equity History and Analysis
Debt Level: NGPF's net debt to equity ratio (144.4%) is considered high.
Reducing Debt: NGPF's debt to equity ratio has increased from 146.8% to 158.6% over the past 5 years.
Debt Coverage: NGPF's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: NGPF's interest payments on its debt are well covered by EBIT (3.8x coverage).