National Grid Balance Sheet Health

Financial Health criteria checks 3/6

National Grid has a total shareholder equity of £35.9B and total debt of £46.4B, which brings its debt-to-equity ratio to 129.5%. Its total assets and total liabilities are £101.9B and £66.0B respectively. National Grid's EBIT is £5.0B making its interest coverage ratio 3.5. It has cash and short-term investments of £7.3B.

Key information

129.5%

Debt to equity ratio

UK£46.45b

Debt

Interest coverage ratio3.5x
CashUK£7.27b
EquityUK£35.87b
Total liabilitiesUK£65.99b
Total assetsUK£101.85b

Recent financial health updates

No updates

Recent updates

National Grid: Growth And Yield

Nov 08

National Grid: An Upside Is There, But I'd Wait For A Small Drop

Aug 25

National Grid: Rights Issue Highlights Lack Of Compounding

Jun 07

National Grid Faces New Challenges With Electrification Growth

May 01

National Grid: Clean Energy Transition Continues

Jan 23

National Grid: Grid Investments Could Power Growth

Nov 13

National Grid: Regulators Cap Upside In The U.K.

Sep 26

National Grid Is Becoming Interesting Again (Rating Upgrade)

Jul 11

National Grid: Bearish Technicals After A Strong Late-2022 Rally

Jan 19

Energy Is On The Frontline Of The War And National Grid Constitutes Europe's Salvo

Nov 07

National Grid's Utility Upside

Sep 12

National Grid: Solid Utility, But Limited Upside

Jun 28

National Grid: Stable Yield And Results From Utilities At A High Price

Jun 17

National Grid: A Hold For Now

Mar 31

National Grid Insulated From RIIO Changes With U.S. Exposure

Feb 10

National Grid: Upside Is There, But It's Still Expensive

Dec 03

National Grid And The Electrification Of Everything

Sep 11

National Grid: A Dividend Cut Appears Likely Despite Being A Utility

Jul 30

National Grid: A 'Consistently Not Stupid' Buy

Jan 31

National Grid Is The Clear Winner In The Dividend Bout Against Utility ConEd

Dec 03

Dividend Safety Net Is Still A Concern As National Grid Shares Bounce Back

Nov 25

National Grid goes ex-dividend tomorrow

Nov 24

National Grid seeks higher revenue, 10.5% RoE for Mass gas business

Nov 16

National Grid reports F1H results

Nov 12

U.K. regulators considering National Grid breakup -Telegraph

Nov 09

Financial Position Analysis

Short Term Liabilities: NGG's short term assets (£14.5B) exceed its short term liabilities (£9.0B).

Long Term Liabilities: NGG's short term assets (£14.5B) do not cover its long term liabilities (£57.0B).


Debt to Equity History and Analysis

Debt Level: NGG's net debt to equity ratio (109.3%) is considered high.

Reducing Debt: NGG's debt to equity ratio has reduced from 168.5% to 129.5% over the past 5 years.

Debt Coverage: NGG's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: NGG's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:21
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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Analyst Sources

National Grid plc is covered by 40 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Juan RodriguezAlphaValue
Gary HovisArgus Research Company
Dominic NashBarclays