National Grid PLC ADR (NGG) — Capital Reinvestment Ratio
Latest as of September 2025:
1.57x
National Grid PLC ADR (NGG) has a Capital Reinvestment Ratio of 1.57x as of September 2025, meaning it reinvests 2% of its operating cash flow ($2.82 Billion) in capital expenditures ($4.43 Billion). See National Grid PLC ADR free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.57x
Capex / Operating Cash Flow
Operating Cash Flow
$2.82 Billion
USD
Capital Expenditures
$4.43 Billion
USD
Data as of
Sep 2025
Most recent filing
National Grid PLC ADR Capital Reinvestment Ratio (1993–2025)
This chart tracks National Grid PLC ADR's Capital Reinvestment Ratio across 31 annual periods.
Annual Capital Reinvestment Ratio for National Grid PLC ADR (1993–2025)
Year-by-year Capital Reinvestment Ratio for National Grid PLC ADR from 1993 to 2025. For live market cap and broader valuation context, see how much is National Grid PLC ADR worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.64x | $5.27 Billion | $8.66 Billion | ▲ +34.1% |
| 2024 | 1.22x | $5.64 Billion | $6.91 Billion | ▲ +33.6% |
| 2023 | 0.92x | $6.90 Billion | $6.33 Billion | ▲ +12.8% |
| 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 | ▼ -9.5% |
| 2019 | 1.03x | $3.55 Billion | $3.64 Billion | ▲ +3.0% |
| 2018 | 1.00x | $3.53 Billion | $3.52 Billion | ▲ +37.3% |
| 2017 | 0.73x | $4.74 Billion | $3.44 Billion | ▲ +20.8% |
| 2016 | 0.60x | $4.99 Billion | $3.00 Billion | ▼ -16.1% |
| 2015 | 0.72x | $4.66 Billion | $3.33 Billion | ▼ -22.4% |
| 2014 | 0.92x | $3.07 Billion | $2.83 Billion | ▼ -13.7% |
| 2013 | 1.07x | $3.13 Billion | $3.35 Billion | ▲ +19.8% |
| 2012 | 0.89x | $3.55 Billion | $3.16 Billion | ▲ +18.4% |
| 2011 | 0.75x | $3.81 Billion | $2.87 Billion | ▼ -11.0% |
| 2010 | 0.85x | $3.73 Billion | $3.16 Billion | ▼ -33.6% |
| 2009 | 1.27x | $2.83 Billion | $3.61 Billion | ▲ +11.2% |
| 2008 | 1.15x | $2.49 Billion | $2.85 Billion | ▲ +23.8% |
| 2007 | 0.93x | $2.29 Billion | $2.12 Billion | ▲ +26.7% |
| 2006 | 0.73x | $2.32 Billion | $1.69 Billion | ▲ +30.5% |
| 2005 | 0.56x | $2.51 Billion | $1.40 Billion | ▼ -43.2% |
| 2004 | 0.98x | $1.42 Billion | $1.40 Billion | ▲ +18.3% |
| 2003 | 0.83x | $1.82 Billion | $1.52 Billion | ▼ -12.6% |
| 2002 | 0.95x | $554.40 Million | $527.80 Million | ▼ -83.6% |
| 2001 | 5.80x | $83.40 Million | $483.40 Million | ▲ +205.3% |
| 2000 | 1.90x | $149.90 Million | $284.60 Million | ▼ -9.6% |
| 1999 | 2.10x | $151.30 Million | $317.80 Million | ▲ +412.0% |
| 1997 | 0.41x | $694.70 Million | $285.00 Million | ▼ -44.9% |
| 1995 | 0.74x | $506.50 Million | $377.30 Million | ▼ -1.4% |
| 1994 | 0.76x | $455.10 Million | $343.70 Million | ▼ -19.3% |
| 1993 | 0.94x | $408.40 Million | $382.30 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow