National Grid PLC (NG) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.076x

Based on the latest financial reports, National Grid PLC (NG) has a cash flow conversion efficiency ratio of 0.076x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (GBX2.82 Billion ≈ $343.36K USD) by net assets (GBX37.22 Billion ≈ $4.53 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See NG net asset quality index to measure how much of total assets are equity-financed.

National Grid PLC - Cash Flow Conversion Efficiency Trend (1993–2025)

This chart illustrates how National Grid PLC's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of National Grid PLC to evaluate the quality of earnings relative to operating cash generation.

National Grid PLC Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of National Grid PLC ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
WhiteFiber, Inc. Ordinary Shares NASDAQ:WYFI	-0.035x
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D IS:KRDMD	0.031x
Medikaloka Hermina PT JK:HEAL	0.032x
Patria Investments Ltd NASDAQ:PAX	0.058x
Hangzhou Jiebai Group Co Ltd SHG:600814	0.048x
Sundiro Holding Co Ltd SHE:000571	-0.031x
Kale Environmental Technology (Shanghai) Corporation SHE:301070	N/A
Aeon Credit Service Bhd KLSE:5139	-0.076x

Annual Cash Flow Conversion Efficiency for National Grid PLC (1993–2025)

The table below shows the annual cash flow conversion efficiency of National Grid PLC from 1993 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of National Grid PLC.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	GBX37.83 Billion ≈ $4.60 Million	GBX6.81 Billion ≈ $828.34K	0.180x	-22.47%
2024-03-31	GBX29.89 Billion ≈ $3.64 Million	GBX6.94 Billion ≈ $844.28K	0.232x	-0.52%
2023-03-31	GBX29.56 Billion ≈ $3.60 Million	GBX6.90 Billion ≈ $839.29K	0.233x	-11.25%
2022-03-31	GBX23.86 Billion ≈ $2.90 Million	GBX6.27 Billion ≈ $763.12K	0.263x	+17.05%
2021-03-31	GBX19.86 Billion ≈ $2.42 Million	GBX4.46 Billion ≈ $542.77K	0.225x	-4.74%
2020-03-31	GBX19.58 Billion ≈ $2.38 Million	GBX4.62 Billion ≈ $561.88K	0.236x	+5.77%
2019-03-31	GBX19.37 Billion ≈ $2.36 Million	GBX4.32 Billion ≈ $525.38K	0.223x	-6.69%
2018-03-31	GBX18.85 Billion ≈ $2.29 Million	GBX4.50 Billion ≈ $547.88K	0.239x	-6.87%
2017-03-31	GBX20.38 Billion ≈ $2.48 Million	GBX5.23 Billion ≈ $636.22K	0.257x	-35.18%
2016-03-31	GBX13.56 Billion ≈ $1.65 Million	GBX5.37 Billion ≈ $653.13K	0.396x	-5.36%
2015-03-31	GBX11.97 Billion ≈ $1.46 Million	GBX5.01 Billion ≈ $609.21K	0.418x	+24.01%
2014-03-31	GBX11.92 Billion ≈ $1.45 Million	GBX4.02 Billion ≈ $489.00K	0.337x	-7.99%
2013-03-31	GBX10.23 Billion ≈ $1.25 Million	GBX3.75 Billion ≈ $456.27K	0.366x	-19.86%
2012-03-31	GBX9.25 Billion ≈ $1.12 Million	GBX4.23 Billion ≈ $514.43K	0.457x	-14.63%
2011-03-31	GBX9.07 Billion ≈ $1.10 Million	GBX4.86 Billion ≈ $591.08K	0.536x	-50.05%
2010-03-31	GBX4.21 Billion ≈ $512.36K	GBX4.52 Billion ≈ $549.47K	1.072x	+25.63%
2009-03-31	GBX3.98 Billion ≈ $484.74K	GBX3.40 Billion ≈ $413.80K	0.854x	-13.69%
2008-03-31	GBX5.37 Billion ≈ $653.86K	GBX5.32 Billion ≈ $646.68K	0.989x	+90.70%
2007-03-31	GBX4.14 Billion ≈ $503.23K	GBX2.15 Billion ≈ $260.98K	0.519x	-20.09%
2006-03-31	GBX3.49 Billion ≈ $425.00K	GBX2.27 Billion ≈ $275.83K	0.649x	-46.04%
2005-03-31	GBX2.12 Billion ≈ $258.06K	GBX2.55 Billion ≈ $310.38K	1.203x	+7.50%
2004-03-31	GBX1.27 Billion ≈ $154.64K	GBX1.42 Billion ≈ $173.02K	1.119x	-24.19%
2003-03-31	GBX1.24 Billion ≈ $150.39K	GBX1.82 Billion ≈ $221.93K	1.476x	+776.92%
2002-03-31	GBX3.29 Billion ≈ $400.83K	GBX554.40 Million ≈ $67.45K	0.168x	+609.79%
2001-03-31	GBX3.52 Billion ≈ $427.99K	GBX83.40 Million ≈ $10.15K	0.024x	-53.43%
2000-03-31	GBX2.94 Billion ≈ $358.21K	GBX149.90 Million ≈ $18.24K	0.051x	-34.29%
1999-03-31	GBX1.95 Billion ≈ $237.56K	GBX151.30 Million ≈ $18.41K	0.077x	+114.16%
1998-03-31	GBX929.40 Million ≈ $113.08K	GBX-508.60 Million ≈ $-61.88K	-0.547x	-209.41%
1997-03-31	GBX1.39 Billion ≈ $168.99K	GBX694.70 Million ≈ $84.52K	0.500x	+157.89%
1996-03-31	GBX1.10 Billion ≈ $134.11K	GBX-952.30 Million ≈ $-115.87K	-0.864x	-436.42%
1995-03-31	GBX1.97 Billion ≈ $239.96K	GBX506.50 Million ≈ $61.63K	0.257x	-4.25%
1994-03-31	GBX1.70 Billion ≈ $206.45K	GBX455.10 Million ≈ $55.37K	0.268x	-7.76%
1993-03-31	GBX1.40 Billion ≈ $170.89K	GBX408.40 Million ≈ $49.69K	0.291x	--

About National Grid PLC

LSE:NG UK Utilities - Regulated Electric

Market Cap

$719.79 Million

GBX5.92 Trillion GBX

Market Cap Rank

#10227 Global

#41 in UK

Share Price

GBX1190.00

Change (1 day)

+0.46%

52-Week Range

GBX1010.50 - GBX1400.00

All Time High

GBX1400.00