National Grid PLC ADR (NGG) — Financial Flexibility Index
National Grid PLC ADR (NGG) has a Financial Flexibility Index of 0.11x as of September 2025. Free cash flow of $7.25 Billion (operating CF $2.82 Billion minus capex $4.43 Billion) represents 0% of total liabilities ($66.54 Billion). Check National Grid PLC ADR total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
National Grid PLC ADR Financial Flexibility Index (1993–2025)
Historical Financial Flexibility Index trend for National Grid PLC ADR across 33 annual periods. For the full cash flow conversion analysis, see cash flow conversion of National Grid PLC ADR.
Annual Financial Flexibility Index for National Grid PLC ADR (1993–2025)
Year-by-year free cash flow to debt coverage for National Grid PLC ADR. Explore National Grid PLC ADR cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.20x | $13.93 Billion | $5.27 Billion | $68.92 Billion | ▲ +10.2% |
| 2024 | 0.18x | $12.55 Billion | $5.64 Billion | $68.43 Billion | ▼ -12.4% |
| 2023 | 0.21x | $13.22 Billion | $6.90 Billion | $63.13 Billion | ▲ +30.8% |
| 2022 | 0.16x | $11.37 Billion | $6.27 Billion | $71.00 Billion | ▼ -12.5% |
| 2021 | 0.18x | $8.67 Billion | $4.46 Billion | $47.36 Billion | ▼ -1.8% |
| 2020 | 0.19x | $8.91 Billion | $4.62 Billion | $47.77 Billion | ▲ +13.7% |
| 2019 | 0.16x | $7.19 Billion | $3.55 Billion | $43.84 Billion | ▼ -7.2% |
| 2018 | 0.18x | $7.06 Billion | $3.53 Billion | $39.94 Billion | ▼ -1.8% |
| 2017 | 0.18x | $8.18 Billion | $4.74 Billion | $45.46 Billion | ▲ +2.1% |
| 2016 | 0.18x | $7.99 Billion | $4.99 Billion | $45.37 Billion | ▼ -4.9% |
| 2015 | 0.19x | $7.99 Billion | $4.66 Billion | $43.12 Billion | ▲ +27.1% |
| 2014 | 0.15x | $5.90 Billion | $3.07 Billion | $40.47 Billion | ▲ +0.1% |
| 2013 | 0.15x | $6.48 Billion | $3.13 Billion | $44.47 Billion | ▼ -17.3% |
| 2012 | 0.18x | $6.71 Billion | $3.55 Billion | $38.09 Billion | ▼ -1.6% |
| 2011 | 0.18x | $6.68 Billion | $3.81 Billion | $37.33 Billion | ▲ +2.2% |
| 2010 | 0.18x | $6.89 Billion | $3.73 Billion | $39.34 Billion | ▲ +10.1% |
| 2009 | 0.16x | $6.44 Billion | $2.83 Billion | $40.48 Billion | ▼ -3.5% |
| 2008 | 0.16x | $5.34 Billion | $2.49 Billion | $32.40 Billion | ▼ -9.4% |
| 2007 | 0.18x | $4.41 Billion | $2.29 Billion | $24.25 Billion | ▲ +1.8% |
| 2006 | 0.18x | $4.01 Billion | $2.32 Billion | $22.43 Billion | ▲ +16.1% |
| 2005 | 0.15x | $3.92 Billion | $2.51 Billion | $25.44 Billion | ▲ +20.7% |
| 2004 | 0.13x | $2.82 Billion | $1.42 Billion | $22.13 Billion | ▼ -9.5% |
| 2003 | 0.14x | $3.34 Billion | $1.82 Billion | $23.71 Billion | ▲ +84.0% |
| 2002 | 0.08x | $1.08 Billion | $554.40 Million | $14.12 Billion | ▼ -12.6% |
| 2001 | 0.09x | $566.80 Million | $83.40 Million | $6.46 Billion | ▲ +17.5% |
| 2000 | 0.07x | $434.50 Million | $149.90 Million | $5.82 Billion | ▼ -50.0% |
| 1999 | 0.15x | $469.10 Million | $151.30 Million | $3.14 Billion | ▲ +271.4% |
| 1998 | -0.09x | $-217.20 Million | $-508.60 Million | $2.49 Billion | ▼ -117.4% |
| 1997 | 0.50x | $979.70 Million | $694.70 Million | $1.96 Billion | ▲ +257.0% |
| 1996 | -0.32x | $-667.00 Million | $-952.30 Million | $2.09 Billion | ▼ -143.9% |
| 1995 | 0.73x | $883.80 Million | $506.50 Million | $1.22 Billion | ▲ +46.5% |
| 1994 | 0.50x | $798.80 Million | $455.10 Million | $1.61 Billion | ▲ +4.3% |
| 1993 | 0.47x | $790.70 Million | $408.40 Million | $1.67 Billion | — |