National Grid plc (NNGD) — Working Capital to Net Assets Ratio
National Grid plc (NNGD) has a Working Capital to Net Assets ratio of 9.8% as of March 2025. Working capital of €3.71 Billion (current assets of €14.33 Billion minus current liabilities of €10.62 Billion) is measured against net assets of €37.83 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NNGD financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
National Grid plc Working Capital to Net Assets (2017–2025)
This chart shows how National Grid plc's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of March 2025, the ratio stands at 9.8%, reflecting working capital of €3.71 Billion against net assets of €37.83 Billion EUR. See National Grid plc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for National Grid plc (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Grid plc from 2017 to 2025, covering 9 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see National Grid plc (NNGD) total market value.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.8% | €3.71 Billion | €37.83 Billion | €14.33 Billion | €10.62 Billion | ▲ +13.2 pp |
| 2024 | -3.4% | €-1.01 Billion | €29.89 Billion | €10.38 Billion | €11.39 Billion | ▼ -3.3 pp |
| 2023 | -0.1% | €-17.00 Million | €29.56 Billion | €9.11 Billion | €9.13 Billion | ▲ +28.5 pp |
| 2022 | -28.5% | €-6.81 Billion | €23.86 Billion | €17.96 Billion | €24.77 Billion | ▼ -31.4 pp |
| 2021 | 2.9% | €570.00 Million | €19.86 Billion | €9.94 Billion | €9.37 Billion | ▲ +17.0 pp |
| 2020 | -14.1% | €-2.76 Billion | €19.58 Billion | €5.80 Billion | €8.56 Billion | ▼ -8.0 pp |
| 2019 | -6.1% | €-1.18 Billion | €19.37 Billion | €7.95 Billion | €9.13 Billion | ▲ +4.6 pp |
| 2018 | -10.7% | €-2.02 Billion | €18.85 Billion | €6.68 Billion | €8.70 Billion | ▼ -25.7 pp |
| 2017 | 15.0% | €3.06 Billion | €20.38 Billion | €13.57 Billion | €10.51 Billion | — |