National Grid plc (NNGD) — Cash Flow Reinvestment Rate
National Grid plc (NNGD) has a Cash Flow Reinvestment Rate of 1.38x as of September 2022, reinvesting €1.74 Billion (capex €1.63 Billion plus investments €115.50 Million) from operating cash flow of €1.26 Billion. See National Grid plc (NNGD) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
National Grid plc Cash Flow Reinvestment Rate (2017–2025)
Historical reinvestment intensity for National Grid plc across 9 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of National Grid plc.
Annual Cash Flow Reinvestment Rate for National Grid plc (2017–2025)
Year-by-year capital reinvestment analysis for National Grid plc. See National Grid plc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.75x | €11.94 Billion | €6.81 Billion | €9.31 Billion | ▲ +44.1% |
| 2024 | 1.22x | €8.45 Billion | €6.94 Billion | €7.45 Billion | ▲ +17.8% |
| 2023 | 1.03x | €7.13 Billion | €6.90 Billion | €6.89 Billion | ▲ +13.5% |
| 2022 | 0.91x | €5.71 Billion | €6.27 Billion | €5.10 Billion | ▼ -14.7% |
| 2021 | 1.07x | €4.76 Billion | €4.46 Billion | €4.21 Billion | ▲ +11.9% |
| 2020 | 0.95x | €4.41 Billion | €4.62 Billion | €4.29 Billion | ▼ -2.9% |
| 2019 | 0.98x | €4.24 Billion | €4.32 Billion | €3.63 Billion | ▼ -54.4% |
| 2018 | 2.15x | €9.69 Billion | €4.50 Billion | €3.74 Billion | ▲ +25.5% |
| 2017 | 1.72x | €8.97 Billion | €5.23 Billion | €3.30 Billion | — |