National Grid plc (NNGD) — 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 debt-free asset ratio of National Grid plc to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
National Grid plc Capital Reinvestment Ratio (2017–2025)
This chart tracks National Grid plc's Capital Reinvestment Ratio across 9 annual periods. Check National Grid plc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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 National Grid plc (NNGD) total market value.
| 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 | — |