National Grid PLC (NG) — Cash Flow-to-Debt Ratio
National Grid PLC (NG) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of GBX2.82 Billion could theoretically repay 0% of its total liabilities (GBX66.54 Billion) in one year. See free cash flow generation of National Grid PLC to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
National Grid PLC Cash Flow-to-Debt Ratio (1993–2025)
Historical debt coverage capacity for National Grid PLC across 33 annual periods. Also explore National Grid PLC equity growth rate to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for National Grid PLC (1993–2025)
Year-by-year debt coverage analysis for National Grid PLC. For market capitalisation and broader financial context, see National Grid PLC (NG) market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (GBX) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.10x | GBX6.81 Billion | GBX68.92 Billion | ▼ -2.6% |
| 2024 | 0.10x | GBX6.94 Billion | GBX68.43 Billion | ▼ -7.2% |
| 2023 | 0.11x | GBX6.90 Billion | GBX63.13 Billion | ▲ +23.7% |
| 2022 | 0.09x | GBX6.27 Billion | GBX71.00 Billion | ▼ -6.2% |
| 2021 | 0.09x | GBX4.46 Billion | GBX47.36 Billion | ▼ -3.1% |
| 2020 | 0.10x | GBX4.62 Billion | GBX47.51 Billion | ▼ -1.9% |
| 2019 | 0.10x | GBX4.32 Billion | GBX43.59 Billion | ▼ -12.1% |
| 2018 | 0.11x | GBX4.50 Billion | GBX39.94 Billion | ▼ -2.0% |
| 2017 | 0.12x | GBX5.23 Billion | GBX45.46 Billion | ▼ -2.8% |
| 2016 | 0.12x | GBX5.37 Billion | GBX45.37 Billion | ▲ +1.9% |
| 2015 | 0.12x | GBX5.01 Billion | GBX43.12 Billion | ▲ +16.9% |
| 2014 | 0.10x | GBX4.02 Billion | GBX40.47 Billion | ▲ +17.8% |
| 2013 | 0.08x | GBX3.75 Billion | GBX44.47 Billion | ▼ -24.0% |
| 2012 | 0.11x | GBX4.23 Billion | GBX38.09 Billion | ▼ -14.7% |
| 2011 | 0.13x | GBX4.86 Billion | GBX37.33 Billion | ▲ +13.4% |
| 2010 | 0.11x | GBX4.52 Billion | GBX39.34 Billion | ▲ +36.6% |
| 2009 | 0.08x | GBX3.40 Billion | GBX40.48 Billion | ▼ -48.8% |
| 2008 | 0.16x | GBX5.32 Billion | GBX32.40 Billion | ▲ +85.5% |
| 2007 | 0.09x | GBX2.15 Billion | GBX24.25 Billion | ▼ -12.5% |
| 2006 | 0.10x | GBX2.27 Billion | GBX22.43 Billion | ▲ +0.8% |
| 2005 | 0.10x | GBX2.55 Billion | GBX25.44 Billion | ▲ +56.0% |
| 2004 | 0.06x | GBX1.42 Billion | GBX22.13 Billion | ▼ -16.5% |
| 2003 | 0.08x | GBX1.82 Billion | GBX23.71 Billion | ▲ +96.0% |
| 2002 | 0.04x | GBX554.40 Million | GBX14.12 Billion | ▲ +204.3% |
| 2001 | 0.01x | GBX83.40 Million | GBX6.46 Billion | ▼ -49.9% |
| 2000 | 0.03x | GBX149.90 Million | GBX5.82 Billion | ▼ -46.5% |
| 1999 | 0.05x | GBX151.30 Million | GBX3.14 Billion | ▲ +123.6% |
| 1998 | -0.20x | GBX-508.60 Million | GBX2.49 Billion | ▼ -157.5% |
| 1997 | 0.35x | GBX694.70 Million | GBX1.96 Billion | ▲ +178.0% |
| 1996 | -0.46x | GBX-952.30 Million | GBX2.09 Billion | ▼ -209.4% |
| 1995 | 0.42x | GBX506.50 Million | GBX1.22 Billion | ▲ +47.4% |
| 1994 | 0.28x | GBX455.10 Million | GBX1.61 Billion | ▲ +15.0% |
| 1993 | 0.25x | GBX408.40 Million | GBX1.67 Billion | — |