National Grid plc (NNGD) — 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. See NNGD working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
National Grid plc Tangible Net Worth Ratio (2017–2025)
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. See how many days can National Grid plc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for National Grid plc (2017–2025)
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 the full company profile including market capitalisation, see market cap of National Grid plc.
| 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 | — |