National Grid PLC Working Capital to Net Assets Ratio
National Grid PLC working capital to net assets ratio. National Grid PLC (NG) has a Working Capital to Net Assets ratio of -5.9% as of March 2026. Working capital of GBX-2.31 Billion (current assets of GBX7.49 Billion minus current liabilities of GBX9.80 Billion) is measured against net assets of GBX39.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of National Grid PLC (1993–2026)
Working capital to net assets ratio of National Grid PLC from 1993 to 2026. This chart shows how National Grid PLC's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1993 to 2026. As of March 2026, the ratio stands at -5.9%, reflecting working capital of GBX-2.31 Billion against net assets of GBX39.33 Billion GBX. Explore National Grid PLC (NG) long-term investment share to see how much of total assets are deployed in long-term investments.
National Grid PLC Working Capital to Net Assets Ratio by Year (1993–2026)
National Grid PLC working capital to net assets ratio by year from 1993 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for National Grid PLC from 1993 to 2026, covering 34 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 the complete balance sheet picture, see balance sheet size of National Grid PLC.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -5.9% | GBX-2.31 Billion | GBX39.33 Billion | GBX7.49 Billion | GBX9.80 Billion | ▼ -15.7 pp |
| 2025 | 9.8% | GBX3.71 Billion | GBX37.83 Billion | GBX14.33 Billion | GBX10.62 Billion | ▲ +13.2 pp |
| 2024 | -3.4% | GBX-1.01 Billion | GBX29.89 Billion | GBX10.38 Billion | GBX11.39 Billion | ▼ -3.5 pp |
| 2023 | 0.1% | GBX36.00 Million | GBX29.56 Billion | GBX9.17 Billion | GBX9.13 Billion | ▲ +28.7 pp |
| 2022 | -28.5% | GBX-6.81 Billion | GBX23.86 Billion | GBX17.96 Billion | GBX24.77 Billion | ▼ -31.4 pp |
| 2021 | 2.9% | GBX570.00 Million | GBX19.86 Billion | GBX9.94 Billion | GBX9.37 Billion | ▲ +17.0 pp |
| 2020 | -14.1% | GBX-2.76 Billion | GBX19.58 Billion | GBX5.80 Billion | GBX8.56 Billion | ▼ -8.0 pp |
| 2019 | -6.1% | GBX-1.18 Billion | GBX19.37 Billion | GBX7.95 Billion | GBX9.13 Billion | ▲ +4.6 pp |
| 2018 | -10.7% | GBX-2.02 Billion | GBX18.85 Billion | GBX6.68 Billion | GBX8.70 Billion | ▼ -25.7 pp |
| 2017 | 15.0% | GBX3.06 Billion | GBX20.38 Billion | GBX13.57 Billion | GBX10.51 Billion | ▲ +25.4 pp |
| 2016 | -10.4% | GBX-1.41 Billion | GBX13.56 Billion | GBX6.31 Billion | GBX7.72 Billion | ▲ +0.8 pp |
| 2015 | -11.2% | GBX-1.34 Billion | GBX11.97 Billion | GBX6.03 Billion | GBX7.37 Billion | ▼ -12.5 pp |
| 2014 | 1.3% | GBX158.00 Million | GBX11.92 Billion | GBX7.49 Billion | GBX7.33 Billion | ▼ -19.5 pp |
| 2013 | 20.8% | GBX2.13 Billion | GBX10.23 Billion | GBX9.58 Billion | GBX7.45 Billion | ▲ +24.6 pp |
| 2012 | -3.8% | GBX-353.00 Million | GBX9.25 Billion | GBX5.65 Billion | GBX6.00 Billion | ▲ +1.7 pp |
| 2011 | -5.5% | GBX-503.00 Million | GBX9.07 Billion | GBX6.32 Billion | GBX6.83 Billion | ▲ +29.9 pp |
| 2010 | -35.5% | GBX-1.49 Billion | GBX4.21 Billion | GBX5.07 Billion | GBX6.56 Billion | ▼ -28.7 pp |
| 2009 | -6.8% | GBX-271.00 Million | GBX3.98 Billion | GBX6.75 Billion | GBX7.03 Billion | ▼ -3.0 pp |
| 2008 | -3.8% | GBX-205.00 Million | GBX5.37 Billion | GBX6.94 Billion | GBX7.15 Billion | ▼ -98.6 pp |
| 2007 | 94.8% | GBX3.92 Billion | GBX4.14 Billion | GBX7.28 Billion | GBX3.36 Billion | ▲ +148.2 pp |
| 2006 | -53.4% | GBX-1.86 Billion | GBX3.49 Billion | GBX3.82 Billion | GBX5.68 Billion | ▲ +135.7 pp |
| 2005 | -189.1% | GBX-4.01 Billion | GBX2.12 Billion | GBX1.96 Billion | GBX5.97 Billion | ▼ -227.6 pp |
| 2004 | 38.6% | GBX490.00 Million | GBX1.27 Billion | GBX5.00 Billion | GBX4.51 Billion | ▼ -34.6 pp |
| 2003 | 73.1% | GBX904.00 Million | GBX1.24 Billion | GBX5.95 Billion | GBX5.05 Billion | ▼ -15.3 pp |
| 2002 | 88.4% | GBX2.91 Billion | GBX3.29 Billion | GBX5.88 Billion | GBX2.97 Billion | ▲ +88.3 pp |
| 2001 | 0.1% | GBX5.10 Million | GBX3.52 Billion | GBX2.22 Billion | GBX2.21 Billion | ▼ -20.4 pp |
| 2000 | 20.5% | GBX603.70 Million | GBX2.94 Billion | GBX2.46 Billion | GBX1.86 Billion | ▲ +3.5 pp |
| 1999 | 17.0% | GBX331.40 Million | GBX1.95 Billion | GBX1.75 Billion | GBX1.41 Billion | ▲ +93.7 pp |
| 1998 | -76.7% | GBX-713.20 Million | GBX929.40 Million | GBX384.00 Million | GBX1.10 Billion | ▼ -33.1 pp |
| 1997 | -43.6% | GBX-605.50 Million | GBX1.39 Billion | GBX368.20 Million | GBX973.70 Million | ▼ -5.0 pp |
| 1996 | -38.6% | GBX-425.20 Million | GBX1.10 Billion | GBX385.80 Million | GBX811.00 Million | ▼ -19.4 pp |
| 1995 | -19.2% | GBX-378.50 Million | GBX1.97 Billion | GBX308.40 Million | GBX686.90 Million | ▼ -9.6 pp |
| 1994 | -9.6% | GBX-163.50 Million | GBX1.70 Billion | GBX645.60 Million | GBX809.10 Million | ▲ +8.9 pp |
| 1993 | -18.5% | GBX-260.20 Million | GBX1.40 Billion | GBX636.20 Million | GBX896.40 Million | — |