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National Grid (NGG)
NYSE:NGG
US Market

National Grid Transco (NGG) Ratios

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National Grid Transco Ratios

NGG's free cash flow for Q2 2026 was £0.23. For the 2026 fiscal year, NGG's free cash flow was decreased by £ and operating cash flow was £0.23. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
0.97 1.35 0.91 1.00 0.73
Quick Ratio
0.90 1.30 0.84 0.90 0.70
Cash Ratio
0.10 0.11 0.05 0.01 <0.01
Solvency Ratio
0.07 0.07 0.06 0.15 0.06
Operating Cash Flow Ratio
0.76 0.50 0.50 0.61 0.23
Short-Term Operating Cash Flow Coverage
1.94 1.16 1.19 1.95 0.47
Net Current Asset Value
£ -57.62B£ -54.58B£ -58.05B£ -54.02B£ -53.04B
Leverage Ratios
Debt-to-Assets Ratio
0.44 0.45 0.48 0.46 0.48
Debt-to-Equity Ratio
1.23 1.26 1.58 1.46 1.91
Debt-to-Capital Ratio
0.55 0.56 0.61 0.59 0.66
Long-Term Debt-to-Capital Ratio
0.53 0.53 0.58 0.57 0.58
Financial Leverage Ratio
2.79 2.82 3.29 3.14 3.98
Debt Service Coverage Ratio
1.23 1.15 0.99 1.50 0.40
Interest Coverage Ratio
3.80 3.59 3.33 3.53 4.10
Debt to Market Cap
0.73 0.98 1.07 0.96 0.98
Interest Debt Per Share
9.60 51.96 60.27 55.73 59.42
Net Debt to EBITDA
6.35 6.07 6.81 5.91 7.04
Profitability Margins
Gross Profit Margin
68.83%77.42%73.44%60.19%66.95%
EBIT Margin
29.97%29.71%24.04%24.33%24.92%
EBITDA Margin
40.54%41.54%34.42%33.49%34.84%
Operating Profit Margin
29.97%26.85%22.54%22.53%23.69%
Pretax Profit Margin
21.69%19.86%15.36%16.58%18.65%
Net Profit Margin
16.43%15.79%11.54%36.00%12.75%
Continuous Operations Profit Margin
16.45%15.39%11.17%12.53%11.83%
Net Income Per EBT
75.74%79.51%75.13%217.19%68.38%
EBT Per EBIT
72.37%73.98%68.11%73.58%78.72%
Return on Assets (ROA)
2.77%2.72%2.33%8.41%2.48%
Return on Equity (ROE)
7.66%7.68%7.67%26.40%9.87%
Return on Capital Employed (ROCE)
5.54%5.13%5.15%5.84%6.24%
Return on Invested Capital (ROIC)
4.05%3.79%3.55%4.26%3.37%
Return on Tangible Assets
3.16%3.10%2.69%9.84%2.87%
Earnings Yield
4.71%6.07%5.28%17.77%5.14%
Efficiency Ratios
Receivables Turnover
6.15 4.90 6.55 6.29 5.61
Payables Turnover
1.28 1.40 1.89 2.65 1.96
Inventory Turnover
8.50 7.45 6.37 9.84 11.93
Fixed Asset Turnover
0.23 0.25 0.29 0.34 0.32
Asset Turnover
0.17 0.17 0.20 0.23 0.19
Working Capital Turnover Ratio
10.13 13.61 -38.66 -6.35 -5.92
Cash Conversion Cycle
-183.33 -137.27 -79.84 -42.46 -90.73
Days of Sales Outstanding
59.32 74.52 55.72 57.99 65.01
Days of Inventory Outstanding
42.93 48.99 57.33 37.08 30.59
Days of Payables Outstanding
285.57 260.78 192.89 137.53 186.33
Operating Cycle
102.25 123.51 113.04 95.07 95.60
Cash Flow Ratios
Operating Cash Flow Per Share
1.42 5.60 7.02 7.00 7.21
Free Cash Flow Per Share
-0.45 -3.60 -1.58 -0.74 0.43
CapEx Per Share
1.88 9.20 8.60 7.73 6.77
Free Cash Flow to Operating Cash Flow
-0.32 -0.64 -0.22 -0.11 0.06
Dividend Paid and CapEx Coverage Ratio
0.65 0.52 0.65 0.72 0.90
Capital Expenditure Coverage Ratio
0.76 0.61 0.82 0.90 1.06
Operating Cash Flow Coverage Ratio
0.15 0.11 0.12 0.13 0.12
Operating Cash Flow to Sales Ratio
0.40 0.29 0.28 0.26 0.31
Free Cash Flow Yield
-3.61%-7.08%-2.92%-1.34%0.74%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
21.82 16.47 18.96 5.63 19.47
Price-to-Sales (P/S) Ratio
3.62 2.60 2.19 2.03 2.48
Price-to-Book (P/B) Ratio
1.68 1.26 1.45 1.49 1.92
Price-to-Free Cash Flow (P/FCF) Ratio
-28.47 -14.12 -34.21 -74.90 134.64
Price-to-Operating Cash Flow Ratio
8.93 9.07 7.70 7.88 8.12
Price-to-Earnings Growth (PEG) Ratio
-13.09 2.52 -0.27 0.03 5.02
Price-to-Fair Value
1.68 1.26 1.45 1.49 1.92
Enterprise Value Multiple
15.28 12.33 13.16 11.96 14.17
Enterprise Value
106.60B 94.17B 89.94B 86.75B 91.09B
EV to EBITDA
15.04 12.33 13.16 11.96 14.17
EV to Sales
6.10 5.12 4.53 4.01 4.94
EV to Free Cash Flow
-47.99 -27.81 -70.87 -148.05 267.68
EV to Operating Cash Flow
15.19 17.87 15.94 15.57 16.13
Tangible Book Value Per Share
4.91 26.27 20.83 20.23 14.11
Shareholders’ Equity Per Share
7.55 40.16 37.18 37.10 30.43
Tax and Other Ratios
Effective Tax Rate
0.24 0.22 0.27 0.24 0.37
Revenue Per Share
3.55 19.52 24.71 27.20 23.56
Net Income Per Share
0.58 3.08 2.85 9.79 3.00
Tax Burden
0.76 0.80 0.75 2.17 0.68
Interest Burden
0.72 0.67 0.64 0.68 0.75
Research & Development to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
<0.01 0.00 0.00 0.00 0.00
Income Quality
2.44 1.89 2.54 2.11 2.49
Currency in GBP