National Grid PLC ADR (NGG) — Working Capital to Net Assets Ratio
National Grid PLC ADR (NGG) has a Working Capital to Net Assets ratio of -0.7% as of September 2025. Working capital of $-258.00 Million (current assets of $8.93 Billion minus current liabilities of $9.19 Billion) is measured against net assets of $37.22 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of National Grid PLC ADR 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 ADR Working Capital to Net Assets (1993–2025)
This chart shows how National Grid PLC ADR's Working Capital to Net Assets ratio has evolved across 33 annual periods from 1993 to 2025. As of September 2025, the ratio stands at -0.7%, reflecting working capital of $-258.00 Million against net assets of $37.22 Billion USD. See National Grid PLC ADR 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 ADR (1993–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Grid PLC ADR from 1993 to 2025, covering 33 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 NGG market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | 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 | ▲ +16.8 pp |
| 2020 | -14.0% | $-2.76 Billion | $19.79 Billion | $5.80 Billion | $8.56 Billion | ▼ -7.9 pp |
| 2019 | -6.0% | $-1.18 Billion | $19.57 Billion | $7.95 Billion | $9.13 Billion | ▲ +4.7 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 | ▲ +25.4 pp |
| 2016 | -10.4% | $-1.41 Billion | $13.56 Billion | $6.31 Billion | $7.72 Billion | ▲ +0.8 pp |
| 2015 | -11.2% | $-1.34 Billion | $11.97 Billion | $6.03 Billion | $7.37 Billion | ▼ -12.5 pp |
| 2014 | 1.3% | $158.00 Million | $11.92 Billion | $7.49 Billion | $7.33 Billion | ▼ -19.5 pp |
| 2013 | 20.8% | $2.13 Billion | $10.23 Billion | $9.58 Billion | $7.45 Billion | ▲ +24.6 pp |
| 2012 | -3.8% | $-353.00 Million | $9.25 Billion | $5.65 Billion | $6.00 Billion | ▲ +1.7 pp |
| 2011 | -5.5% | $-503.00 Million | $9.07 Billion | $6.32 Billion | $6.83 Billion | ▲ +29.9 pp |
| 2010 | -35.5% | $-1.49 Billion | $4.21 Billion | $5.07 Billion | $6.56 Billion | ▼ -28.7 pp |
| 2009 | -6.8% | $-271.00 Million | $3.98 Billion | $6.75 Billion | $7.03 Billion | ▼ -3.0 pp |
| 2008 | -3.8% | $-205.00 Million | $5.37 Billion | $6.94 Billion | $7.15 Billion | ▼ -98.6 pp |
| 2007 | 94.8% | $3.92 Billion | $4.14 Billion | $7.28 Billion | $3.36 Billion | ▲ +148.2 pp |
| 2006 | -53.4% | $-1.86 Billion | $3.49 Billion | $3.82 Billion | $5.68 Billion | ▲ +135.7 pp |
| 2005 | -189.1% | $-4.01 Billion | $2.12 Billion | $1.96 Billion | $5.97 Billion | ▼ -227.6 pp |
| 2004 | 38.6% | $490.00 Million | $1.27 Billion | $5.00 Billion | $4.51 Billion | ▼ -34.6 pp |
| 2003 | 73.1% | $904.00 Million | $1.24 Billion | $5.95 Billion | $5.05 Billion | ▼ -15.3 pp |
| 2002 | 88.4% | $2.91 Billion | $3.29 Billion | $5.88 Billion | $2.97 Billion | ▲ +88.3 pp |
| 2001 | 0.1% | $5.10 Million | $3.52 Billion | $2.22 Billion | $2.21 Billion | ▼ -20.4 pp |
| 2000 | 20.5% | $603.70 Million | $2.94 Billion | $2.46 Billion | $1.86 Billion | ▲ +3.5 pp |
| 1999 | 17.0% | $331.40 Million | $1.95 Billion | $1.75 Billion | $1.41 Billion | ▲ +93.7 pp |
| 1998 | -76.7% | $-713.20 Million | $929.40 Million | $384.00 Million | $1.10 Billion | ▼ -33.1 pp |
| 1997 | -43.6% | $-605.50 Million | $1.39 Billion | $368.20 Million | $973.70 Million | ▼ -5.0 pp |
| 1996 | -38.6% | $-425.20 Million | $1.10 Billion | $385.80 Million | $811.00 Million | ▼ -19.4 pp |
| 1995 | -19.2% | $-378.50 Million | $1.97 Billion | $308.40 Million | $686.90 Million | ▼ -9.6 pp |
| 1994 | -9.6% | $-163.50 Million | $1.70 Billion | $645.60 Million | $809.10 Million | ▲ +8.9 pp |
| 1993 | -18.5% | $-260.20 Million | $1.40 Billion | $636.20 Million | $896.40 Million | — |