What is National Grid PLC's earnings per share (EPS)?

National Grid PLC (NGG) reported diluted earnings per share of $0.79 for fiscal year 2025. This represents a 9.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

National Grid PLC (NGG) Financials

NGG

FY2025 annual

Revenue $23.7B -5.5% YoY

Net Income $3.7B +29.3% YoY

EPS (Diluted) $0.79 +9.7% YoY

Free Cash Flow Not reported for FY2025

Market Cap $83.1B as of Oct 22, 2026

Price / Sales 3.5x on $23.7B revenue, FY2025

Price / Earnings 22.2x on $3.7B net income, FY2025

Price / Book 1.7x on $50.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (20-F/6-K) Latest period Q2 FY2026, ended Sep 30, 2025 Reported Nov 6, 2025 Currency USD FYE March

Newest figures come from the 6-K for Q2 FY2026, filed Nov 6, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NGG SEC filings page.

National Grid PLC (NGG) reported $23.7B in revenue for fiscal year 2025, down 5.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Health Score (5 of 6 dimensions) 52/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of National Grid PLC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

National Grid PLC has an operating margin of 26.9%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 22.5% the prior year.

Growth

National Grid PLC's revenue declined 5.5% year-over-year, from $25.1B to $23.7B. This contraction results in a growth score of 13/100.

Leverage

National Grid PLC has elevated debt relative to equity (D/E of 1.13), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.

Liquidity

With a current ratio of 1.35, National Grid PLC holds $1.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.

Cash Flow

n/a

Not available for National Grid PLC, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.

Returns

National Grid PLC earns a strong 7.7% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is unchanged from the prior year.

Altman Z-Score Distress

1.45

National Grid PLC scores 1.45, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/6

National Grid PLC passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 2 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.

Interest Coverage Adequate

2.73x

National Grid PLC earns $2.73 in operating income for every $1 of interest expense ($6.4B vs $2.3B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$1.2B

YoY-20.9%

National Grid PLC held $1.2B in cash against $56.9B in long-term debt as of Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

NGG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGG quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F
Revenue	$23.7B-5.5%	$25.1B-6.4%	$26.8B+10.4%	$24.3B+28.7%	$18.9B+13.3%	$16.6B-14.5%	$19.5B-9.0%	$21.4B+13.5%	$18.8B-0.8%	$19.0B
R&D Expenses	$55.5M+37.1%	$40.4M+42.1%	$28.4M+96.6%	$14.5M-12.6%	$16.6M+47.7%	$11.2M-54.7%	$24.8M+35.8%	$18.2M+3.9%	$17.6M-35.8%	$27.3M
Operating Income	$6.4B+12.5%	$5.7B-6.3%	$6.0B+5.0%	$5.7B+73.6%	$3.3B+16.7%	$2.8B-24.1%	$3.7B-23.7%	$4.9B+21.8%	$4.0B-13.3%	$4.6B
EBITDA	$9.2B+11.0%	$8.3B-2.7%	$8.5B+4.1%	$8.2B+52.1%	$5.4B+15.9%	$4.6B-22.9%	$6.0B-14.8%	$7.0B+19.9%	$5.9B-9.9%	$6.5B
Interest Expense	$2.3B+7.7%	$2.2B+9.5%	$2.0B+40.2%	$1.4B+19.8%	$1.2B-7.4%	$1.3B-15.8%	$1.5B+6.5%	$1.4B-1.0%	$1.4B+1.7%	$1.4B
Income Tax	$1.1B+0.8%	$1.1B-3.1%	$1.1B-34.5%	$1.7B+233.2%	$496.6M+7.8%	$460.8M+4.3%	$441.8Mn/m	-$1.2B-366.0%	$468.9M-23.6%	$614.1M
Net Income	$3.7B+29.3%	$2.9B-70.0%	$9.6B+211.6%	$3.1B+36.8%	$2.3B+43.7%	$1.6B-20.1%	$2.0B-60.5%	$5.0B-49.0%	$9.8B+162.3%	$3.7B
EPS (Basic)	$0.79+9.5%	$0.73-70.2%	$2.44+183.4%	$0.86+33.8%	$0.64+41.4%	$0.45-21.8%	$0.58-59.6%	$1.44-44.6%	$2.60+162.8%	$0.99
EPS (Diluted)	$0.79+9.7%	$0.72-70.3%	$2.43+183.9%	$0.85+33.9%	$0.64+41.3%	$0.45-21.9%	$0.58-59.6%	$1.43-44.6%	$2.59+162.8%	$0.98
Diluted Shares (Avg)	4.73B+18.0%	4.01B+0.9%	3.97B+9.9%	3.62B+2.1%	3.54B+1.8%	3.48B+2.3%	3.40B-2.2%	3.48B-8.0%	3.78B-0.3%	3.79B

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NGG Balance Sheet

NGG quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F
Total Assets	$137.7B+10.8%	$124.3B+8.4%	$114.7B-8.1%	$124.8B+34.5%	$92.7B+10.2%	$84.1B+1.8%	$82.6B-0.5%	$83.0B+0.6%	$82.5B	N/A
Current Assets	$18.5B+40.9%	$13.1B+16.4%	$11.3B-52.3%	$23.6B+72.3%	$13.7B+89.8%	$7.2B-30.2%	$10.4B+10.5%	$9.4B-44.9%	$17.0B	N/A
Cash & Equivalents	$1.5B+115.1%	$706.4M+250.4%	$201.6M-24.9%	$268.3M+23.9%	$216.6M+138.2%	$90.9M-72.3%	$328.4M-28.8%	$461.5M-67.7%	$1.4B+700.8%	$178.3M
Inventory	$718.3M-31.4%	$1.0B-3.4%	$1.1B+61.2%	$672.1M+11.0%	$605.6M-11.4%	$683.7M+41.8%	$482.2M+0.8%	$478.3M-5.3%	$505.2M	N/A
Accounts Receivable	$5.3B+22.3%	$4.3B-8.9%	$4.7B-3.0%	$4.9B+21.3%	$4.0B+8.3%	$3.7B-9.5%	$4.1B+4.7%	$3.9B+14.8%	$3.4B	N/A
Goodwill	$12.3B0.0%	$12.3B+0.9%	$12.2B-2.8%	$12.5B+98.1%	$6.3B-11.0%	$7.1B+1.6%	$7.0B+0.1%	$7.0B-8.5%	$7.6B	N/A
Total Liabilities	$88.9B+2.8%	$86.5B+10.7%	$78.1B-16.4%	$93.4B+42.9%	$65.3B+9.8%	$59.5B+4.1%	$57.1B+1.4%	$56.3B-1.1%	$57.0B	N/A
Current Liabilities	$13.7B-4.8%	$14.4B+27.4%	$11.3B-65.3%	$32.6B+152.1%	$12.9B+21.2%	$10.7B-10.3%	$11.9B-2.5%	$12.2B-7.4%	$13.2B	N/A
Non-Current Liabilities	$75.2B+4.3%	$72.1B+7.9%	$66.8B+9.9%	$60.8B+16.0%	$52.4B+7.3%	$48.8B+7.9%	$45.2B+2.5%	$44.1B+0.8%	$43.8B	N/A
Long-Term Debt	$55.3B+3.7%	$53.3B+7.7%	$49.5B+12.9%	$43.9B+15.7%	$37.9B+13.9%	$33.3B+5.3%	$31.6B+1.6%	$31.1B+7.2%	$29.0B-28.8%	$40.8B
Total Equity	$48.8B+29.2%	$37.7B+3.3%	$36.5B+16.6%	$31.3B+14.5%	$27.4B+11.1%	$24.6B-3.3%	$25.5B-4.5%	$26.7B+4.5%	$25.5B+30.9%	$19.5B
Retained Earnings	$51.7B+27.6%	$40.5B+3.6%	$39.1B+11.7%	$35.0B+9.5%	$32.0B+17.2%	$27.3B-4.9%	$28.7B-6.2%	$30.6B+7.9%	$28.3B	N/A

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Total Assets	$139.5B+2.2%	$137.7B+10.8%	$136.5B+18.6%	$124.3B+8.4%	$115.1B+2.8%	$114.7B-8.1%	$112.0B	$124.8B+34.5%
Current Assets	$12.0B-38.1%	$18.5B+40.9%	$19.4B+106.1%	$13.1B+16.4%	$9.4B-41.3%	$11.3B-52.3%	$16.0B	$23.6B+72.3%
Cash & Equivalents	$1.2B-20.9%	$1.5B+115.1%	$1.5B+443.7%	$706.4M+250.4%	$277.3M-3.9%	$201.6M-24.9%	$288.4M	$268.3M+23.9%
Inventory	$861.7M+0.6%	$718.3M-31.4%	$856.2M-24.7%	$1.0B-3.4%	$1.1B+5.2%	$1.1B+61.2%	$1.1B	$672.1M+11.0%
Accounts Receivable	$3.8B+6.7%	$5.3B+22.3%	$3.6B-12.6%	$4.3B-8.9%	$4.1B-0.6%	$4.7B-3.0%	$4.1B	$4.9B+21.3%
Goodwill	$12.6B+0.1%	$12.3B0.0%	$12.6B+3.7%	$12.3B+0.9%	$12.1B+4.7%	$12.2B-2.8%	$11.6B	$12.5B+98.1%
Total Liabilities	$89.5B+1.2%	$88.9B+2.8%	$88.4B+11.8%	$86.5B+10.7%	$79.1B-4.8%	$78.1B-16.4%	$83.1B	$93.4B+42.9%
Current Liabilities	$12.3B+2.6%	$13.7B-4.8%	$12.0B+19.1%	$14.4B+27.4%	$10.1B-55.0%	$11.3B-65.3%	$22.5B	$32.6B+152.1%
Non-Current Liabilities	$77.1B+1.0%	$75.2B+4.3%	$76.4B+10.7%	$72.1B+7.9%	$69.0B+13.9%	$66.8B+9.9%	$60.6B	$60.8B+16.0%
Long-Term Debt	$56.9B-0.1%	$55.3B+3.7%	$56.9B+10.7%	$53.3B+7.7%	$51.4B+17.3%	$49.5B+12.9%	$43.9B	$43.9B+15.7%
Total Equity	$50.0B+4.1%	$48.8B+29.2%	$48.0B+33.5%	$37.7B+3.3%	$36.0B+24.6%	$36.5B+16.6%	$28.9B	$31.3B+14.5%
Retained Earnings	$53.8B+3.7%	$51.7B+27.6%	$51.8B+35.7%	$40.5B+3.6%	$38.2B+30.8%	$39.1B+11.7%	$29.2B	$35.0B+9.5%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

NGG Cash Flow Statement

NGG quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F
Depreciation & Amortization	$2.8B+7.7%	$2.6B+6.1%	$2.5B+2.0%	$2.4B+17.5%	$2.0B+14.6%	$1.8B-21.0%	$2.3B+5.4%	$2.1B+15.6%	$1.9B-1.5%	$1.9B
Capital Expenditures	$11.3B+29.8%	$8.7B+11.5%	$7.8B+16.7%	$6.7B+15.5%	$5.8B+8.7%	$5.3B+12.8%	$4.7B-9.7%	$5.2B+26.9%	$4.1B+0.6%	$4.1B
Dividends Paid	$2.0B-9.2%	$2.2B+9.2%	$2.0B+63.9%	$1.2B-37.8%	$1.9B+75.5%	$1.1B-26.5%	$1.5B-76.0%	$6.3B+243.1%	$1.8B-4.6%	$1.9B
Share Buybacks	N/A	N/A	N/A	N/A	$2.8M-63.1%	$7.5M	N/A	$1.4B+502.0%	$236.9M-38.3%	$384.0M

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

NGG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGG quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F
Operating Margin	26.9%+4.3pp	22.5%0.0pp	22.5%-1.2pp	23.7%+6.1pp	17.6%+0.5pp	17.1%-2.2pp	19.2%-3.7pp	22.9%+1.6pp	21.3%-3.1pp	24.4%
Net Margin	15.8%+4.3pp	11.5%-24.5pp	36.0%+23.3pp	12.8%+0.8pp	12.0%+2.5pp	9.5%-0.7pp	10.1%-13.2pp	23.3%-28.6pp	51.8%+32.2pp	19.6%
Return on Equity	7.7%0.0pp	7.7%-18.7pp	26.4%+16.5pp	9.9%+1.6pp	8.3%+1.9pp	6.4%-1.3pp	7.7%-10.9pp	18.7%-19.6pp	38.3%+19.2pp	19.1%
Return on Assets	2.7%+0.4pp	2.3%-6.1pp	8.4%+5.9pp	2.5%0.0pp	2.4%+0.6pp	1.9%-0.5pp	2.4%-3.6pp	6.0%-5.8pp	11.8%	N/A
Current Ratio	1.35+0.4x	0.91-0.1x	1.00+0.3x	0.73-0.3x	1.06+0.4x	0.68-0.2x	0.87+0.1x	0.77-0.5x	1.29	N/A
Debt-to-Equity	1.13-0.3x	1.41+0.1x	1.360.0x	1.400.0x	1.390.0x	1.35+0.1x	1.24+0.1x	1.170.0x	1.14-1.0x	2.09
Liabilities-to-Equity	1.82-0.5x	2.29+0.2x	2.14-0.8x	2.98+0.6x	2.390.0x	2.42+0.2x	2.24+0.1x	2.11-0.1x	2.23	N/A
Asset Turnover	0.170.0x	0.200.0x	0.230.0x	0.190.0x	0.200.0x	0.200.0x	0.240.0x	0.260.0x	0.23	N/A

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Current Ratio	0.97-0.6x	1.35+0.4x	1.61+0.7x	0.91-0.1x	0.93+0.2x	1.00+0.3x	0.71	0.73-0.3x
Debt-to-Equity	1.140.0x	1.13-0.3x	1.19-0.2x	1.41+0.1x	1.43-0.1x	1.360.0x	1.52	1.400.0x
Liabilities-to-Equity	1.79-0.1x	1.82-0.5x	1.84-0.4x	2.29+0.2x	2.20-0.7x	2.14-0.8x	2.88	2.98+0.6x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
National Grid PLC NGG	FY2025	$23.7B	$3.7B	15.8%	$83.1B	52/100
American Electric Power Company, Inc. AEP	FY2025	$21.9B	$3.6B	16.4%	$69.4B	56/100
Dominion Energy, Inc D	FY2025	$16.5B	$3.0B	18.2%	$54.8B	45/100
The Southern Company SO	FY2025	$29.6B	$4.3B	14.7%	$104.0B	56/100
Duke Energy Corporation DUK	FY2025	$31.7B	$5.0B	15.7%	$94.1B	52/100
Xcel Energy, Inc. XEL	FY2025	N/A	$2.0B	N/A	$48.0B	—

Where National Grid PLC Ranks

Frequently Asked Questions

What is National Grid PLC's annual revenue?

National Grid PLC (NGG) reported $23.7B in total revenue for fiscal year 2025. This represents a -5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is National Grid PLC's revenue growing?

National Grid PLC (NGG) revenue declined by 5.5% year-over-year, from $25.1B to $23.7B in fiscal year 2025.

Is National Grid PLC profitable?

Yes, National Grid PLC (NGG) reported a net income of $3.7B in fiscal year 2025, with a net profit margin of 15.8%.

What is National Grid PLC's EBITDA?

National Grid PLC (NGG) had EBITDA of $9.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does National Grid PLC have?

As of fiscal year 2025, National Grid PLC (NGG) had $1.5B in cash and equivalents against $55.3B in long-term debt.

What is National Grid PLC's operating margin?

National Grid PLC (NGG) had an operating margin of 26.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is National Grid PLC's net profit margin?

National Grid PLC (NGG) had a net profit margin of 15.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is National Grid PLC's return on equity (ROE)?

National Grid PLC (NGG) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are National Grid PLC's total assets?

National Grid PLC (NGG) had $137.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are National Grid PLC's capital expenditures?

National Grid PLC (NGG) invested $11.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does National Grid PLC spend on research and development?

National Grid PLC (NGG) invested $55.5M in research and development during fiscal year 2025.

How many shares does National Grid PLC have outstanding?

National Grid PLC (NGG) had 5.13B shares outstanding as of fiscal year 2025.

What is National Grid PLC's current ratio?

National Grid PLC (NGG) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.

What is National Grid PLC's debt-to-equity ratio?

National Grid PLC (NGG) had a debt-to-equity ratio of 1.13 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is National Grid PLC's liabilities-to-equity ratio?

National Grid PLC (NGG) had a liabilities-to-equity ratio of 1.82 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is National Grid PLC's return on assets (ROA)?

National Grid PLC (NGG) had a return on assets of 2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is National Grid PLC's P/E ratio?

National Grid PLC (NGG) trades at 22.2x earnings, its market capitalization divided by $3.7B net income, FY2025. The market capitalization is $83.1B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Grid PLC's price-to-sales ratio?

National Grid PLC (NGG) trades at 3.5x sales, its market capitalization divided by $23.7B revenue, FY2025. The market capitalization is $83.1B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Grid PLC's Altman Z-Score?

National Grid PLC (NGG) has an Altman Z-Score of 1.45, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is National Grid PLC's Piotroski F-Score?

National Grid PLC (NGG) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Can National Grid PLC cover its interest payments?

National Grid PLC (NGG) has an interest coverage ratio of 2.73x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is National Grid PLC?

National Grid PLC (NGG) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For National Grid PLC it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.