National Grid PLC ADR (NGG) — Capital Reinvestment Ratio
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). Check NGG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
National Grid PLC ADR Capital Reinvestment Ratio (1993–2025)
This chart tracks National Grid PLC ADR's Capital Reinvestment Ratio across 31 annual periods. For the full cash flow conversion analysis, see NGG cash generation efficiency.
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. See cash generation quality of National Grid PLC ADR to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |