National Grid PLC (NG) — Financial Flexibility Index
National Grid PLC (NG) has a Financial Flexibility Index of 0.11x as of September 2025. Free cash flow of GBX7.27 Billion (operating CF GBX2.82 Billion minus capex GBX4.44 Billion) represents 0% of total liabilities (GBX66.54 Billion). Also explore net asset growth rate of National Grid PLC to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
National Grid PLC Financial Flexibility Index (1993–2025)
Historical Financial Flexibility Index trend for National Grid PLC across 33 annual periods. Check National Grid PLC strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for National Grid PLC (1993–2025)
Year-by-year free cash flow to debt coverage for National Grid PLC. For the full company profile including market capitalisation, see National Grid PLC (NG) market capitalisation.
| Year | Flexibility Index | Free Cash Flow (GBX) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | GBX15.59 Billion | GBX6.81 Billion | GBX68.92 Billion | ▲ +11.8% |
| 2024 | 0.20x | GBX13.84 Billion | GBX6.94 Billion | GBX68.43 Billion | ▼ -7.4% |
| 2023 | 0.22x | GBX13.79 Billion | GBX6.90 Billion | GBX63.13 Billion | ▲ +31.3% |
| 2022 | 0.17x | GBX11.82 Billion | GBX6.27 Billion | GBX71.00 Billion | ▼ -14.8% |
| 2021 | 0.20x | GBX9.25 Billion | GBX4.46 Billion | GBX47.36 Billion | ▼ -2.5% |
| 2020 | 0.20x | GBX9.52 Billion | GBX4.62 Billion | GBX47.51 Billion | ▲ +5.8% |
| 2019 | 0.19x | GBX8.26 Billion | GBX4.32 Billion | GBX43.59 Billion | ▼ -10.1% |
| 2018 | 0.21x | GBX8.41 Billion | GBX4.50 Billion | GBX39.94 Billion | ▲ +9.5% |
| 2017 | 0.19x | GBX8.75 Billion | GBX5.23 Billion | GBX45.46 Billion | ▼ -2.9% |
| 2016 | 0.20x | GBX9.00 Billion | GBX5.37 Billion | GBX45.37 Billion | ▲ +3.1% |
| 2015 | 0.19x | GBX8.29 Billion | GBX5.01 Billion | GBX43.12 Billion | ▲ +8.9% |
| 2014 | 0.18x | GBX7.14 Billion | GBX4.02 Billion | GBX40.47 Billion | ▲ +9.9% |
| 2013 | 0.16x | GBX7.14 Billion | GBX3.75 Billion | GBX44.47 Billion | ▼ -19.3% |
| 2012 | 0.20x | GBX7.58 Billion | GBX4.23 Billion | GBX38.09 Billion | ▼ -7.1% |
| 2011 | 0.21x | GBX7.99 Billion | GBX4.86 Billion | GBX37.33 Billion | ▲ +10.4% |
| 2010 | 0.19x | GBX7.63 Billion | GBX4.52 Billion | GBX39.34 Billion | ▲ +19.2% |
| 2009 | 0.16x | GBX6.59 Billion | GBX3.40 Billion | GBX40.48 Billion | ▼ -35.7% |
| 2008 | 0.25x | GBX8.19 Billion | GBX5.32 Billion | GBX32.40 Billion | ▲ +40.6% |
| 2007 | 0.18x | GBX4.36 Billion | GBX2.15 Billion | GBX24.25 Billion | ▲ +2.4% |
| 2006 | 0.18x | GBX3.94 Billion | GBX2.27 Billion | GBX22.43 Billion | ▲ +10.1% |
| 2005 | 0.16x | GBX4.06 Billion | GBX2.55 Billion | GBX25.44 Billion | ▲ +25.0% |
| 2004 | 0.13x | GBX2.82 Billion | GBX1.42 Billion | GBX22.13 Billion | ▼ -9.5% |
| 2003 | 0.14x | GBX3.34 Billion | GBX1.82 Billion | GBX23.71 Billion | ▲ +84.0% |
| 2002 | 0.08x | GBX1.08 Billion | GBX554.40 Million | GBX14.12 Billion | ▼ -12.6% |
| 2001 | 0.09x | GBX566.80 Million | GBX83.40 Million | GBX6.46 Billion | ▲ +17.5% |
| 2000 | 0.07x | GBX434.50 Million | GBX149.90 Million | GBX5.82 Billion | ▼ -50.0% |
| 1999 | 0.15x | GBX469.10 Million | GBX151.30 Million | GBX3.14 Billion | ▲ +271.4% |
| 1998 | -0.09x | GBX-217.20 Million | GBX-508.60 Million | GBX2.49 Billion | ▼ -117.4% |
| 1997 | 0.50x | GBX979.70 Million | GBX694.70 Million | GBX1.96 Billion | ▲ +257.0% |
| 1996 | -0.32x | GBX-667.00 Million | GBX-952.30 Million | GBX2.09 Billion | ▼ -143.9% |
| 1995 | 0.73x | GBX883.80 Million | GBX506.50 Million | GBX1.22 Billion | ▲ +46.5% |
| 1994 | 0.50x | GBX798.80 Million | GBX455.10 Million | GBX1.61 Billion | ▲ +4.3% |
| 1993 | 0.47x | GBX790.70 Million | GBX408.40 Million | GBX1.67 Billion | — |