National Grid (NGRN) Ratios
National Grid Ratios
MX:NGRN's free cash flow for Q4 2026 was $-2.13B. For the 2026 fiscal year, MX:NGRN's free cash flow was decreased by $-5.54B and operating cash flow was $3.41B. See a summary of the company’s cash flow.
| Ratios | Mar 26 | Mar 25 | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.76 | 1.35 | 0.91 | 1.00 | 0.73 |
| Quick Ratio | 0.71 | 1.30 | 0.85 | 0.91 | 0.70 |
| Cash Ratio | 0.04 | 0.11 | 0.05 | 0.02 | 0.01 |
| Solvency Ratio | 0.08 | 0.07 | 0.06 | 0.15 | 0.06 |
| Operating Cash Flow Ratio | 0.64 | 0.64 | 0.61 | 0.76 | 0.25 |
| Short-Term Operating Cash Flow Coverage | 1.60 | 1.46 | 1.46 | 2.34 | 0.52 |
| Net Current Asset Value | $ -61.47B | $ -54.58B | $ -58.05B | $ -53.97B | $ -53.04B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.43 | 0.45 | 0.48 | 0.46 | 0.48 |
| Debt-to-Equity Ratio | 1.19 | 1.28 | 1.58 | 1.46 | 1.91 |
| Debt-to-Capital Ratio | 0.54 | 0.56 | 0.61 | 0.59 | 0.66 |
| Long-Term Debt-to-Capital Ratio | 0.52 | 0.54 | 0.58 | 0.57 | 0.58 |
| Financial Leverage Ratio | 2.76 | 2.82 | 3.29 | 3.14 | 3.98 |
| Debt Service Coverage Ratio | 1.31 | 0.99 | 1.06 | 1.13 | 0.36 |
| Interest Coverage Ratio | 4.45 | 3.54 | 3.33 | 3.43 | 4.26 |
| Debt to Market Cap | 0.74 | 1.02 | 1.17 | 1.15 | 1.16 |
| Interest Debt Per Share | 9.72 | 10.57 | 12.05 | 12.14 | 12.92 |
| Net Debt to EBITDA | 6.00 | 6.94 | 6.39 | 7.33 | 7.50 |
| Profitability Margins | |||||
| Gross Profit Margin | 32.66% | 100.00% | 100.00% | 100.00% | 100.00% |
| EBIT Margin | 30.98% | 27.15% | 28.14% | 19.41% | 22.79% |
| EBITDA Margin | 43.68% | 36.97% | 36.65% | 26.96% | 32.71% |
| Operating Profit Margin | 32.66% | 26.85% | 22.54% | 22.53% | 23.69% |
| Pretax Profit Margin | 23.64% | 19.86% | 15.36% | 16.58% | 18.65% |
| Net Profit Margin | 18.32% | 15.79% | 11.54% | 36.00% | 12.75% |
| Continuous Operations Profit Margin | 18.34% | 15.39% | 11.17% | 12.53% | 11.83% |
| Net Income Per EBT | 77.50% | 79.51% | 75.13% | 217.19% | 68.38% |
| EBT Per EBIT | 72.40% | 73.98% | 68.11% | 73.58% | 78.72% |
| Return on Assets (ROA) | 2.99% | 2.72% | 2.33% | 8.41% | 2.48% |
| Return on Equity (ROE) | 8.25% | 7.68% | 7.67% | 26.40% | 9.87% |
| Return on Capital Employed (ROCE) | 5.86% | 5.13% | 5.15% | 5.84% | 6.24% |
| Return on Invested Capital (ROIC) | 4.37% | 3.79% | 3.55% | 4.26% | 3.37% |
| Return on Tangible Assets | 3.41% | 3.10% | 2.69% | 9.84% | 2.87% |
| Earnings Yield | 5.16% | 6.11% | 5.78% | 21.14% | 6.07% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.55 | 4.90 | 6.53 | 6.22 | 5.44 |
| Payables Turnover | 2.36 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Turnover | 21.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.22 | 0.25 | 0.29 | 0.34 | 0.32 |
| Asset Turnover | 0.16 | 0.17 | 0.20 | 0.23 | 0.19 |
| Working Capital Turnover Ratio | 25.29 | 13.61 | -40.76 | -6.40 | -5.92 |
| Cash Conversion Cycle | -57.46 | 74.52 | 55.92 | 58.71 | 67.11 |
| Days of Sales Outstanding | 80.13 | 74.52 | 55.92 | 58.71 | 67.11 |
| Days of Inventory Outstanding | 17.13 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 154.72 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cycle | 97.26 | 74.52 | 55.92 | 58.71 | 67.11 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.26 | 1.45 | 1.73 | 1.89 | 1.74 |
| Free Cash Flow Per Share | -0.76 | -0.53 | -0.13 | 0.00 | 0.20 |
| Dividend Paid and CapEx Coverage Ratio | 0.54 | 0.66 | 0.80 | 0.81 | 0.97 |
| Capital Expenditure Coverage Ratio | 0.62 | 0.78 | 1.01 | 1.00 | 1.13 |
| Operating Cash Flow Coverage Ratio | 0.13 | 0.14 | 0.15 | 0.16 | 0.14 |
| Operating Cash Flow to Sales Ratio | 0.35 | 0.37 | 0.35 | 0.32 | 0.34 |
| Free Cash Flow Yield | -5.98% | -5.26% | -1.30% | 0.02% | 1.88% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 19.23 | 16.83 | 17.30 | 4.73 | 16.48 |
| Price-to-Sales (P/S) Ratio | 3.55 | 2.59 | 2.00 | 1.70 | 2.10 |
| Price-to-Book (P/B) Ratio | 1.60 | 1.26 | 1.33 | 1.25 | 1.63 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -16.72 | -19.02 | -77.07 | 6145.96 | 53.27 |
| Price-to-Operating Cash Flow Ratio | 10.07 | 6.98 | 5.71 | 5.35 | 6.18 |
| Price-to-Earnings Growth (PEG) Ratio | 1.92 | 3.20 | -0.24 | 0.02 | 0.43 |
| Enterprise Value Multiple | 14.13 | 13.94 | 11.84 | 13.65 | 13.93 |
| Enterprise Value | 109.17B | 94.70B | 86.13B | 79.70B | 84.04B |
| EV to EBITDA | 14.13 | 13.94 | 11.84 | 13.65 | 13.93 |
| EV to Sales | 6.17 | 5.15 | 4.34 | 3.68 | 4.56 |
| EV to Free Cash Flow | -29.07 | -37.91 | -167.56 | 13282.96 | 115.44 |
| EV to Operating Cash Flow | 17.51 | 13.91 | 12.41 | 11.55 | 13.40 |
| Tangible Book Value Per Share | 5.26 | 5.25 | 4.17 | 4.40 | 3.07 |
| Shareholders’ Equity Per Share | 7.95 | 8.03 | 7.44 | 8.07 | 6.62 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.22 | 0.22 | 0.27 | 0.24 | 0.37 |
| Revenue Per Share | 3.58 | 3.90 | 4.94 | 5.92 | 5.13 |
| Net Income Per Share | 0.66 | 0.62 | 0.57 | 2.13 | 0.65 |
| Tax Burden | 0.77 | 0.80 | 0.75 | 2.17 | 0.68 |
| Interest Burden | 0.76 | 0.73 | 0.55 | 0.85 | 0.82 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.92 | 2.35 | 1.55 | 1.41 | 1.43 |
Currency in GBP
