National Grid plc (NNGD) — Cash Flow Quality Index
National Grid plc (NNGD) has a Cash Flow Quality Index of 2.01x as of September 2022. Operating cash flow of €1.26 Billion exceeds net income of €628.00 Million, indicating high earnings quality where cash backs reported profits. Explore National Grid plc long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
National Grid plc Cash Flow Quality Index (2017–2025)
Historical Cash Flow Quality Index for National Grid plc across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check NNGD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for National Grid plc (2017–2025)
Year-by-year earnings quality comparison for National Grid plc. For live market cap and the full company financial profile, see NNGD market cap.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.35x | €6.81 Billion | €2.90 Billion | ▼ -22.6% |
| 2024 | 3.03x | €6.94 Billion | €2.29 Billion | ▲ +242.5% |
| 2023 | 0.88x | €6.90 Billion | €7.80 Billion | ▼ -66.8% |
| 2022 | 2.67x | €6.27 Billion | €2.35 Billion | ▼ -2.0% |
| 2021 | 2.72x | €4.46 Billion | €1.64 Billion | ▼ -25.5% |
| 2020 | 3.65x | €4.62 Billion | €1.26 Billion | ▲ +27.8% |
| 2019 | 2.86x | €4.32 Billion | €1.51 Billion | ▲ +125.3% |
| 2018 | 1.27x | €4.50 Billion | €3.55 Billion | ▲ +89.1% |
| 2017 | 0.67x | €5.23 Billion | €7.79 Billion | — |