National Grid plc Tangible Net Worth Ratio
National Grid plc tangible net worth ratio. National Grid plc (NNGD) has a Tangible Net Worth Ratio of 90.6% as of March 2025. This metric is calculated by deducting intangible assets (€3.56 Billion) from net assets (€37.83 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore National Grid plc net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of National Grid plc (2017–2025)
Tangible net worth ratio of National Grid plc from 2017 to 2025. This chart shows how National Grid plc's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of March 2025, the ratio stands at 90.6%, reflecting net assets of €37.83 Billion with intangible assets of €3.56 Billion EUR. Check NNGD strategic asset allocation to assess the company's strategic physical and investment asset allocation.
National Grid plc Tangible Net Worth Ratio by Year (2017–2025)
National Grid plc tangible net worth ratio by year from 2017 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for National Grid plc from 2017 to 2025, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see NNGD market cap overview.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.6% | €37.83 Billion | €3.56 Billion | €106.74 Billion | ▲ +2.1 pp |
| 2024 | 88.5% | €29.89 Billion | €3.43 Billion | €98.33 Billion | ▲ +0.7 pp |
| 2023 | 87.8% | €29.56 Billion | €3.60 Billion | €92.70 Billion | ▲ +1.5 pp |
| 2022 | 86.3% | €23.86 Billion | €3.27 Billion | €94.86 Billion | ▼ -6.4 pp |
| 2021 | 92.7% | €19.86 Billion | €1.44 Billion | €67.22 Billion | ▼ -0.7 pp |
| 2020 | 93.4% | €19.58 Billion | €1.29 Billion | €67.09 Billion | ▼ -1.0 pp |
| 2019 | 94.4% | €19.37 Billion | €1.08 Billion | €62.96 Billion | ▼ -0.8 pp |
| 2018 | 95.2% | €18.85 Billion | €899.00 Million | €58.79 Billion | ▼ -0.2 pp |
| 2017 | 95.5% | €20.38 Billion | €923.00 Million | €65.84 Billion | — |