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 cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see National Grid plc cash flow conversion.
Annual Cash Flow Quality Index for National Grid plc (2017–2025)
Year-by-year earnings quality comparison for National Grid plc.
| 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 | — |