National Grid (National Grid) Debt-to-Asset : 0.48 (As of Sep. 2023)

View and export this data going back to 1999. Start your Free Trial

What is National Grid Debt-to-Asset?

National Grid's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3,330 Mil. National Grid's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $52,111 Mil. National Grid's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $116,642 Mil. National Grid's debt to asset for the quarter that ended in Sep. 2023 was 0.48.

National Grid Debt-to-Asset Historical Data

The historical data trend for National Grid's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Grid Debt-to-Asset Chart

National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

Get a 7-Day Free Trial

0.45

0.46

0.48

0.46

National Grid Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.49	0.48	0.48	0.46	0.48

Competitive Comparison of National Grid's Debt-to-Asset

For the Utilities - Regulated Electric subindustry, National Grid's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

National Grid's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Grid's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where National Grid's Debt-to-Asset falls into.

National Grid Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

National Grid's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3586.165	+	48580.097)	/	112496.359
	=	0.46

National Grid's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3330.446	+	52111.386)	/	116642.327
	=	0.48

National Grid (NYSE:NGG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

National Grid Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of National Grid's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

National Grid (National Grid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (NYSE:NGG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NGGTF:USA NGl:UK NG.:UK NNGF:Germany NNGF:Germany NNGF:Germany NNGD:Germany N1GG34:Brazil NGG:Argentina

Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its U.K. gas transmission business in fiscal 2023 to fund the acquisition of PPL's U.K. power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.