National Grid plc Capital Reinvestment Ratio
National Grid plc capital reinvestment ratio. National Grid plc (NNGD) has a Capital Reinvestment Ratio of 1.29x as of September 2022, meaning it reinvests 1% of its operating cash flow (€1.26 Billion) in capital expenditures (€1.63 Billion). See NNGD free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of National Grid plc (2017–2025)
Capital reinvestment ratio of National Grid plc from 2017 to 2025. This chart tracks National Grid plc's Capital Reinvestment Ratio across 9 annual periods. See National Grid plc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
National Grid plc Capital Reinvestment Ratio by Year (2017–2025)
National Grid plc capital reinvestment ratio by year from 2017 to 2025. For the full cash flow conversion analysis, see NNGD cash flow metrics.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.37x | €6.81 Billion | €9.31 Billion | ▲ +27.3% |
| 2024 | 1.07x | €6.94 Billion | €7.45 Billion | ▲ +7.5% |
| 2023 | 1.00x | €6.90 Billion | €6.89 Billion | ▲ +22.9% |
| 2022 | 0.81x | €6.27 Billion | €5.10 Billion | ▼ -13.9% |
| 2021 | 0.94x | €4.46 Billion | €4.21 Billion | ▲ +1.5% |
| 2020 | 0.93x | €4.62 Billion | €4.29 Billion | ▲ +10.4% |
| 2019 | 0.84x | €4.32 Billion | €3.63 Billion | ▲ +1.4% |
| 2018 | 0.83x | €4.50 Billion | €3.74 Billion | ▲ +31.7% |
| 2017 | 0.63x | €5.23 Billion | €3.30 Billion | — |