National Grid plc (NNGD) — Capital Reinvestment Ratio
Latest as of September 2022:
1.29x
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 free cash flow generation of National Grid plc to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.29x
Capex / Operating Cash Flow
Operating Cash Flow
€1.26 Billion
EUR
Capital Expenditures
€1.63 Billion
EUR
Data as of
Sep 2022
Most recent filing
National Grid plc Capital Reinvestment Ratio (2017–2025)
This chart tracks National Grid plc's Capital Reinvestment Ratio across 9 annual periods.
Annual Capital Reinvestment Ratio for National Grid plc (2017–2025)
Year-by-year Capital Reinvestment Ratio for National Grid plc from 2017 to 2025. For live market cap and broader valuation context, see market cap of National Grid plc.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow