National Grid PLC (NG) — Tangible Net Worth Ratio
National Grid PLC (NG) has a Tangible Net Worth Ratio of 90.1% as of September 2025. This metric is calculated by deducting intangible assets (GBX3.67 Billion) from net assets (GBX37.22 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 National Grid PLC short-term liquidity 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 (1993–2025)
This chart shows how National Grid PLC's Tangible Net Worth Ratio has changed across 33 annual periods from 1993 to 2025. As of September 2025, the ratio stands at 90.1%, reflecting net assets of GBX37.22 Billion with intangible assets of GBX3.67 Billion GBX. 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 (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for National Grid PLC from 1993 to 2025, covering 33 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 National Grid PLC (NG) total market value.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.6% | GBX37.83 Billion | GBX3.56 Billion | GBX106.74 Billion | ▲ +2.1 pp |
| 2024 | 88.5% | GBX29.89 Billion | GBX3.43 Billion | GBX98.33 Billion | ▲ +0.7 pp |
| 2023 | 87.8% | GBX29.56 Billion | GBX3.60 Billion | GBX92.70 Billion | ▲ +1.5 pp |
| 2022 | 86.3% | GBX23.86 Billion | GBX3.27 Billion | GBX94.86 Billion | ▼ -6.4 pp |
| 2021 | 92.7% | GBX19.86 Billion | GBX1.44 Billion | GBX67.22 Billion | ▼ -0.7 pp |
| 2020 | 93.4% | GBX19.58 Billion | GBX1.29 Billion | GBX67.09 Billion | ▼ -1.0 pp |
| 2019 | 94.4% | GBX19.37 Billion | GBX1.08 Billion | GBX62.96 Billion | ▼ -0.8 pp |
| 2018 | 95.2% | GBX18.85 Billion | GBX899.00 Million | GBX58.79 Billion | ▼ -0.2 pp |
| 2017 | 95.5% | GBX20.38 Billion | GBX923.00 Million | GBX65.84 Billion | ▲ +2.0 pp |
| 2016 | 93.5% | GBX13.56 Billion | GBX887.00 Million | GBX58.93 Billion | ▲ +0.2 pp |
| 2015 | 93.3% | GBX11.97 Billion | GBX802.00 Million | GBX55.09 Billion | ▼ -1.1 pp |
| 2014 | 94.4% | GBX11.92 Billion | GBX669.00 Million | GBX52.38 Billion | ▲ +0.1 pp |
| 2013 | 94.2% | GBX10.23 Billion | GBX589.00 Million | GBX54.70 Billion | ▲ +0.1 pp |
| 2012 | 94.1% | GBX9.25 Billion | GBX546.00 Million | GBX47.34 Billion | ▼ -0.4 pp |
| 2011 | 94.5% | GBX9.07 Billion | GBX501.00 Million | GBX46.40 Billion | ▲ +3.7 pp |
| 2010 | 90.8% | GBX4.21 Billion | GBX389.00 Million | GBX43.55 Billion | ▲ +0.0 pp |
| 2009 | 90.7% | GBX3.98 Billion | GBX370.00 Million | GBX44.47 Billion | ▼ -4.2 pp |
| 2008 | 95.0% | GBX5.37 Billion | GBX271.00 Million | GBX37.77 Billion | ▼ -1.6 pp |
| 2007 | 96.5% | GBX4.14 Billion | GBX144.00 Million | GBX28.39 Billion | ▲ +5.7 pp |
| 2006 | 90.8% | GBX3.49 Billion | GBX321.00 Million | GBX25.92 Billion | ▲ +7.7 pp |
| 2005 | 83.1% | GBX2.12 Billion | GBX358.00 Million | GBX27.56 Billion | ▲ +104.0 pp |
| 2004 | -20.9% | GBX1.27 Billion | GBX1.54 Billion | GBX23.40 Billion | ▲ +32.2 pp |
| 2003 | -53.2% | GBX1.24 Billion | GBX1.89 Billion | GBX24.94 Billion | ▼ -89.0 pp |
| 2002 | 35.9% | GBX3.29 Billion | GBX2.11 Billion | GBX17.42 Billion | ▼ -24.7 pp |
| 2001 | 60.6% | GBX3.52 Billion | GBX1.39 Billion | GBX9.98 Billion | ▼ -10.7 pp |
| 2000 | 71.3% | GBX2.94 Billion | GBX844.70 Million | GBX8.77 Billion | ▼ -27.9 pp |
| 1999 | 99.2% | GBX1.95 Billion | GBX15.10 Million | GBX5.09 Billion | ▲ +30.6 pp |
| 1998 | 68.6% | GBX929.40 Million | GBX292.00 Million | GBX3.42 Billion | ▼ -23.7 pp |
| 1997 | 92.3% | GBX1.39 Billion | GBX107.10 Million | GBX3.35 Billion | ▲ +17.6 pp |
| 1996 | 74.7% | GBX1.10 Billion | GBX278.60 Million | GBX3.19 Billion | ▼ -20.8 pp |
| 1995 | 95.5% | GBX1.97 Billion | GBX89.00 Million | GBX3.19 Billion | ▲ +1.2 pp |
| 1994 | 94.3% | GBX1.70 Billion | GBX97.30 Million | GBX3.31 Billion | ▼ -5.7 pp |
| 1993 | 100.0% | GBX1.40 Billion | GBX0.00 | GBX3.07 Billion | — |