National Grid PLC Net Asset Quality Index
National Grid PLC net asset quality index. National Grid PLC (NG) has a Net Asset Quality Index of 36.3% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX108.28 Billion minus total liabilities of GBX68.95 Billion yields net assets of GBX39.33 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check National Grid PLC cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of National Grid PLC (1993–2026)
Net asset quality index of National Grid PLC from 1993 to 2026. This chart shows how National Grid PLC's Net Asset Quality Index has evolved across 34 annual periods from 1993 to 2026. As of March 2026, the index stands at 36.3%, representing net assets of GBX39.33 Billion against total assets of GBX108.28 Billion GBX. See net assets of National Grid PLC for net asset value and shareholders' equity analysis.
National Grid PLC Net Asset Quality Index by Year (1993–2026)
National Grid PLC net asset quality index by year from 1993 to 2026. The table below presents the year-by-year Net Asset Quality Index for National Grid PLC from 1993 to 2026, covering 34 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see NG market cap.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 36.3% | GBX39.33 Billion | GBX108.28 Billion | GBX68.95 Billion | ▲ +0.9 pp |
| 2025 | 35.4% | GBX37.83 Billion | GBX106.74 Billion | GBX68.92 Billion | ▲ +5.0 pp |
| 2024 | 30.4% | GBX29.89 Billion | GBX98.33 Billion | GBX68.43 Billion | ▼ -1.5 pp |
| 2023 | 31.9% | GBX29.56 Billion | GBX92.70 Billion | GBX63.13 Billion | ▲ +6.7 pp |
| 2022 | 25.1% | GBX23.86 Billion | GBX94.86 Billion | GBX71.00 Billion | ▼ -4.4 pp |
| 2021 | 29.5% | GBX19.86 Billion | GBX67.22 Billion | GBX47.36 Billion | ▲ +0.4 pp |
| 2020 | 29.2% | GBX19.58 Billion | GBX67.09 Billion | GBX47.51 Billion | ▼ -1.6 pp |
| 2019 | 30.8% | GBX19.37 Billion | GBX62.96 Billion | GBX43.59 Billion | ▼ -1.3 pp |
| 2018 | 32.1% | GBX18.85 Billion | GBX58.79 Billion | GBX39.94 Billion | ▲ +1.1 pp |
| 2017 | 31.0% | GBX20.38 Billion | GBX65.84 Billion | GBX45.46 Billion | ▲ +7.9 pp |
| 2016 | 23.0% | GBX13.56 Billion | GBX58.93 Billion | GBX45.37 Billion | ▲ +1.3 pp |
| 2015 | 21.7% | GBX11.97 Billion | GBX55.09 Billion | GBX43.12 Billion | ▼ -1.0 pp |
| 2014 | 22.8% | GBX11.92 Billion | GBX52.38 Billion | GBX40.47 Billion | ▲ +4.0 pp |
| 2013 | 18.7% | GBX10.23 Billion | GBX54.70 Billion | GBX44.47 Billion | ▼ -0.8 pp |
| 2012 | 19.5% | GBX9.25 Billion | GBX47.34 Billion | GBX38.09 Billion | ▼ 0.0 pp |
| 2011 | 19.5% | GBX9.07 Billion | GBX46.40 Billion | GBX37.33 Billion | ▲ +9.9 pp |
| 2010 | 9.7% | GBX4.21 Billion | GBX43.55 Billion | GBX39.34 Billion | ▲ +0.7 pp |
| 2009 | 9.0% | GBX3.98 Billion | GBX44.47 Billion | GBX40.48 Billion | ▼ -5.3 pp |
| 2008 | 14.2% | GBX5.37 Billion | GBX37.77 Billion | GBX32.40 Billion | ▼ -0.3 pp |
| 2007 | 14.6% | GBX4.14 Billion | GBX28.39 Billion | GBX24.25 Billion | ▲ +1.1 pp |
| 2006 | 13.5% | GBX3.49 Billion | GBX25.92 Billion | GBX22.43 Billion | ▲ +5.8 pp |
| 2005 | 7.7% | GBX2.12 Billion | GBX27.56 Billion | GBX25.44 Billion | ▲ +2.3 pp |
| 2004 | 5.4% | GBX1.27 Billion | GBX23.40 Billion | GBX22.13 Billion | ▲ +0.5 pp |
| 2003 | 5.0% | GBX1.24 Billion | GBX24.94 Billion | GBX23.71 Billion | ▼ -14.0 pp |
| 2002 | 18.9% | GBX3.29 Billion | GBX17.42 Billion | GBX14.12 Billion | ▼ -16.3 pp |
| 2001 | 35.2% | GBX3.52 Billion | GBX9.98 Billion | GBX6.46 Billion | ▲ +1.7 pp |
| 2000 | 33.6% | GBX2.94 Billion | GBX8.77 Billion | GBX5.82 Billion | ▼ -4.7 pp |
| 1999 | 38.3% | GBX1.95 Billion | GBX5.09 Billion | GBX3.14 Billion | ▲ +11.2 pp |
| 1998 | 27.2% | GBX929.40 Million | GBX3.42 Billion | GBX2.49 Billion | ▼ -14.3 pp |
| 1997 | 41.5% | GBX1.39 Billion | GBX3.35 Billion | GBX1.96 Billion | ▲ +7.0 pp |
| 1996 | 34.5% | GBX1.10 Billion | GBX3.19 Billion | GBX2.09 Billion | ▼ -27.3 pp |
| 1995 | 61.8% | GBX1.97 Billion | GBX3.19 Billion | GBX1.22 Billion | ▲ +10.6 pp |
| 1994 | 51.3% | GBX1.70 Billion | GBX3.31 Billion | GBX1.61 Billion | ▲ +5.5 pp |
| 1993 | 45.8% | GBX1.40 Billion | GBX3.07 Billion | GBX1.67 Billion | — |