National Grid PLC Cash Flow Quality Index
National Grid PLC cash flow quality index. National Grid PLC (NG) has a Cash Flow Quality Index of 1.30x as of March 2026. Operating cash flow of GBX3.41 Billion exceeds net income of GBX2.62 Billion, indicating high earnings quality where cash backs reported profits. Explore how well can National Grid PLC service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of National Grid PLC (1993–2026)
Cash flow quality index of National Grid PLC from 1993 to 2026. Historical Cash Flow Quality Index for National Grid PLC across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. See net asset quality index of National Grid PLC to measure how much of total assets are equity-financed.
National Grid PLC Cash Flow Quality Index by Year (1993–2026)
National Grid PLC cash flow quality index by year from 1993 to 2026. Year-by-year earnings quality comparison for National Grid PLC. For the full cash flow conversion analysis, see National Grid PLC cash conversion from operations.
| Year | Quality Index | Operating CF (GBX) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.92x | GBX6.23 Billion | GBX3.24 Billion | ▼ -18.0% |
| 2025 | 2.35x | GBX6.81 Billion | GBX2.90 Billion | ▲ +51.3% |
| 2024 | 1.55x | GBX6.94 Billion | GBX4.47 Billion | ▲ +9.7% |
| 2023 | 1.41x | GBX6.90 Billion | GBX4.88 Billion | ▼ -1.5% |
| 2022 | 1.43x | GBX6.27 Billion | GBX4.37 Billion | ▼ -6.9% |
| 2021 | 1.54x | GBX4.46 Billion | GBX2.90 Billion | ▼ -7.2% |
| 2020 | 1.66x | GBX4.62 Billion | GBX2.78 Billion | ▲ +10.4% |
| 2019 | 1.50x | GBX4.32 Billion | GBX2.87 Billion | ▲ +16.7% |
| 2018 | 1.29x | GBX4.50 Billion | GBX3.49 Billion | ▼ -20.9% |
| 2017 | 1.63x | GBX5.23 Billion | GBX3.21 Billion | ▲ +24.0% |
| 2016 | 1.31x | GBX5.37 Billion | GBX4.08 Billion | ▼ -0.8% |
| 2015 | 1.32x | GBX5.01 Billion | GBX3.78 Billion | ▲ +23.1% |
| 2014 | 1.08x | GBX4.02 Billion | GBX3.73 Billion | ▲ +7.7% |
| 2013 | 1.00x | GBX3.75 Billion | GBX3.75 Billion | ▼ -16.4% |
| 2012 | 1.19x | GBX4.23 Billion | GBX3.54 Billion | ▼ -7.9% |
| 2011 | 1.30x | GBX4.86 Billion | GBX3.75 Billion | ▼ -5.4% |
| 2010 | 1.37x | GBX4.52 Billion | GBX3.29 Billion | ▲ +47.7% |
| 2009 | 0.93x | GBX3.40 Billion | GBX3.66 Billion | ▲ +5.2% |
| 2008 | 0.88x | GBX5.32 Billion | GBX6.02 Billion | ▲ +10.8% |
| 2007 | 0.80x | GBX2.15 Billion | GBX2.69 Billion | ▼ -11.8% |
| 2006 | 0.90x | GBX2.27 Billion | GBX2.51 Billion | ▼ -4.9% |
| 2005 | 0.95x | GBX2.55 Billion | GBX2.69 Billion | ▲ +22.1% |
| 2004 | 0.78x | GBX1.42 Billion | GBX1.83 Billion | ▼ -31.3% |
| 2003 | 1.13x | GBX1.82 Billion | GBX1.61 Billion | ▲ +78.5% |
| 2002 | 0.63x | GBX554.40 Million | GBX874.70 Million | ▲ +461.9% |
| 2001 | 0.11x | GBX83.40 Million | GBX739.40 Million | ▼ -57.0% |
| 2000 | 0.26x | GBX149.90 Million | GBX572.10 Million | ▲ +0.9% |
| 1999 | 0.26x | GBX151.30 Million | GBX582.60 Million | ▲ +127.6% |
| 1998 | -0.94x | GBX-508.60 Million | GBX540.00 Million | ▼ -189.7% |
| 1997 | 1.05x | GBX694.70 Million | GBX661.90 Million | ▲ +175.1% |
| 1996 | -1.40x | GBX-952.30 Million | GBX681.70 Million | ▼ -287.1% |
| 1995 | 0.75x | GBX506.50 Million | GBX678.30 Million | ▲ +3.5% |
| 1994 | 0.72x | GBX455.10 Million | GBX630.50 Million | ▲ +4.8% |
| 1993 | 0.69x | GBX408.40 Million | GBX592.80 Million | — |