National Grid PLC (NG) — Cash Flow-to-Debt Ratio
National Grid PLC (NG) has a Cash Flow-to-Debt Ratio of 0.05x as of March 2026, meaning its operating cash flow of GBX3.41 Billion could theoretically repay 0% of its total liabilities (GBX68.95 Billion) in one year. See how financially flexible is National Grid PLC to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
National Grid PLC Cash Flow-to-Debt Ratio (1993–2026)
Historical debt coverage capacity for National Grid PLC across 34 annual periods. For the full cash flow conversion analysis, see how efficiently does National Grid PLC generate cash.
Annual Cash Flow-to-Debt Ratio for National Grid PLC (1993–2026)
Year-by-year debt coverage analysis for National Grid PLC. Check earnings quality score of National Grid PLC to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (GBX) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2026 | 0.09x | GBX6.23 Billion | GBX68.95 Billion | ▼ -8.5% |
| 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 | — |