National Grid plc (NGG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 |
|---|
| Total Assets | 108.29B | 103.76B | 106.74B | 101.85B | 98.33B | 115.03B | 92.7B | 100.57B | 94.86B | 88.94B | 67.22B | 65.78B | 67.56B | 66.28B | 62.96B | 60.77B | 58.79B | 57.6B | 65.84B | 62.93B |
| Asset Growth % | 1.45% | 1.87% | 8.56% | -11.46% | 6.07% | 14.38% | -2.28% | 13.08% | 41.13% | 35.22% | -0.51% | -0.76% | 7.3% | 9.08% | 7.1% | 5.49% | -10.71% | -8.46% | 11.72% | 14.44% |
| PP&E (Net) | 81.52B | 76.34B | 74.09B | 69.19B | 68.91B | 82.26B | 64.43B | 65.44B | 57.53B | 54.7B | 47.04B | 49.15B | 49.76B | 47.43B | 43.91B | 42.66B | 39.85B | 39.48B | 39.83B | 46.51B |
| PP&E / Total Assets % | 75.29% | 73.58% | 69.41% | 67.94% | 70.08% | 71.51% | 69.51% | 65.07% | 60.65% | 61.5% | 69.99% | 74.73% | 73.66% | 71.55% | 69.74% | 70.21% | 67.79% | 68.54% | 60.49% | 73.91% |
| Total Current Assets | 7.49B | 8.93B | 14.33B | 14.46B | 10.38B | 9.39B | 9.11B | 14.4B | 17.96B | 16.49B | 9.94B | 4.84B | 5.8B | 6.71B | 7.95B | 6.96B | 6.68B | 5.87B | 13.57B | 6.42B |
| Cash & Equivalents | 375.02M | 887M | 1.18B | 1.13B | 548M | 277.06M | 126M | 259M | 190M | 466M | 145M | 164M | 73M | 213M | 252M | 130M | 329M | 39M | 1.14B | 162M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 559.03M | 641M | 557M | 639M | 828M | 1.14B | 876M | 971M | 393M | 516M | 347M | 501M | 416M | 467M | 370M | 440M | 268M | 469M | 300M | 446M |
| Other Current Assets | 215.01M | 1.4B | 2.75B | 3.9B | 1.89B | 1.83B | 1.68B | 6.79B | 10.52B | 10.27B | 4.18B | 163M | 328M | 214M | 3.29B | 2.4B | 1.49B | 762M | 1.57B | 218M |
| Long-Term Investments | 2.09B | 1.42B | 0 | 0 | 0 | 3.19B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.84B | 1.27B | 1.28B | 3.07B | 3.39B | 3.18B | 983M |
| Goodwill | 9.42B | 9.34B | 9.53B | 9.37B | 9.73B | 12.09B | 9.85B | 10.38B | 9.53B | 9.42B | 4.59B | 6B | 5.71B | 6.3B | 5.87B | 5.86B | 5.44B | 5.7B | 6.1B | 5.88B |
| Intangible Assets | 3.88B | 3.67B | 3.56B | 3.39B | 3.43B | 4.54B | 3.6B | 3.54B | 3.27B | 3.26B | 1.44B | 1.43B | 1.29B | 7.5B | 1.08B | 990M | 899M | 893M | 923M | 932M |
| Other Assets | 3.89B | 4.06B | 5.22B | 5.44B | 5.88B | 3.57B | 5.7B | 6.81B | 6.56B | 5.07B | 4.2B | 4.35B | 4.92B | 1.81B | 393M | 96M | -51M | 119M | 52M | 140M |
| Total Liabilities | 68.95B | 66.54B | 68.92B | 65.99B | 68.43B | 79.05B | 63.13B | 74.62B | 71B | 68.3B | 47.36B | 47.43B | 47.77B | 47.27B | 43.84B | 41.43B | 39.94B | 40.73B | 45.46B | 50.36B |
| Total Debt | 46.76B | 45.91B | 47.54B | 0 | 47.07B | 54.68B | 42.98B | 0 | 45.47B | 0 | 31.22B | 0 | 30.79B | 5.02B | 24.26B | 24.29B | 22.59B | 23.16B | 24.07B | 29.67B |
| Net Debt | 46.38B | 45.03B | 46.36B | -1.13B | 46.52B | 54.4B | 42.86B | -259M | 45.27B | -466M | 31.07B | -164M | 30.72B | 4.81B | 24.01B | 24.16B | 22.26B | 23.12B | 22.93B | 29.5B |
| Long-Term Debt | 42.86B | 42.29B | 42.17B | 0 | 41.55B | 51.39B | 39.41B | 0 | 32.89B | 0 | 26.9B | 0 | 26.1B | 0 | 24.05B | 24.29B | 22.59B | 23.16B | 24.07B | 29.67B |
| Short-Term Borrowings | 3.9B | 3.62B | 4.54B | 0 | 4.75B | 3.28B | 2.86B | 0 | 12.01B | 0 | 3.64B | 0 | 3.96B | 5.02B | 4.69B | 4.38B | 4.71B | 4.38B | 6.48B | 5.07B |
| Capital Lease Obligations | 0 | 0 | 829M | 0 | 779M | 0 | 714M | 0 | 558M | 0 | 685M | 0 | 735M | 0 | 270M | 0 | 271M | 0 | 308M | 0 |
| Total Current Liabilities | 9.8B | 9.19B | 10.62B | 8.99B | 11.39B | 10.1B | 9.13B | 20.2B | 24.77B | 23.93B | 9.37B | 6.13B | 8.56B | 9.54B | 9.13B | 8.22B | 8.7B | 7.63B | 10.51B | 8.56B |
| Accounts Payable | 5.05B | 4.26B | 2.96B | 3.97B | 2.79B | 5.45B | 3.25B | 4.43B | 3.11B | 3.72B | 2.17B | 3.32B | 2.21B | 3.47B | 2.24B | 3.14B | 1.98B | 2.88B | 2.13B | 3.13B |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159M | 0 | 173M | 0 | 136M | 0 |
| Deferred Revenue | 110M | 2.52B | 2.83B | 2.2B | 2.54B | 194.07M | 1.84B | 1.69B | 1.38B | 1.11B | 1.17B | 1.16B | 1.18B | 1.03B | -4.47B | -4.13B | -4.45B | -3.86B | 298M | -4.15B |
| Other Current Liabilities | 693.03M | 1.3B | 1.3B | 4.84B | 2.27B | 894.66M | 1.27B | 15.68B | 8.19B | 20.16B | 2.19B | 2.75B | 941M | 969M | 1.81B | 705M | 1.77B | 372M | 1.69B | 355M |
| Deferred Taxes | 9.04B | 8.12B | 8.04B | 7.36B | 7.52B | 8.93B | 7.18B | 7.72B | 6.76B | 5.58B | 4.82B | 4.11B | 4.45B | 3.83B | 4.21B | 3.9B | 3.64B | 4.46B | 4.48B | 4.61B |
| Other Liabilities | 4.56B | 4.44B | 4.55B | 47.44B | 4.77B | 6.3B | 4.96B | 45.01B | 4.74B | 37.68B | 4.52B | 36.04B | 6.85B | 32.87B | -5.15B | 0 | -207M | 0 | -242M | 0 |
| Total Equity | 39.33B | 37.22B | 37.83B | 35.87B | 29.89B | 35.98B | 29.56B | 25.96B | 23.86B | 20.64B | 19.86B | 18.34B | 19.79B | 19.02B | 19.57B | 19.34B | 18.85B | 16.87B | 20.38B | 12.57B |
| Equity Growth % | 3.98% | 3.77% | 26.54% | -0.32% | 1.12% | 38.62% | 23.92% | 25.75% | 20.12% | 12.53% | 0.34% | -3.54% | 1.15% | -1.65% | 3.82% | 14.6% | -7.54% | 34.22% | 50.27% | 2.12% |
| Shareholders Equity | 39.3B | 37.19B | 37.8B | 35.84B | 29.87B | 35.95B | 29.54B | 25.93B | 23.83B | 20.62B | 19.84B | 18.32B | 19.77B | 18.99B | 19.55B | 19.32B | 18.83B | 16.86B | 20.37B | 12.56B |
| Minority Interest | 31M | 28M | 23M | 25M | 25M | 30.51M | 24M | 26M | 23M | 21M | 21M | 22M | 22M | 22M | 20M | 18M | 16M | 16M | 16M | 13M |
| Common Stock | 647.03M | 645M | 638M | 637M | 493M | 596.85M | 488M | 486M | 485M | 482M | 474M | 471M | 470M | 466M | 458M | 457M | 452M | 450M | 449M | 449M |
| Additional Paid-in Capital | 1.29B | 1.28B | 1.31B | 1.29B | 1.32B | 1.59B | 1.3B | 1.3B | 1.32B | 1.29B | 1.31B | 1.3B | 1.32B | 1.31B | 1.31B | 1.32B | 1.32B | 1.32B | 1.34B | 1.32B |
| Retained Earnings | 41.91B | 39.98B | 40.11B | 38.67B | 32.07B | 38.14B | 31.61B | 26.21B | 26.61B | 23.64B | 23.16B | 20.87B | 21.89B | 20.93B | 22B | 21.59B | 21.6B | 19.3B | 22.58B | 15.05B |
| Accumulated OCI | -4.54B | -4.72B | 0 | 0 | 0 | -4.38B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.7B | -4.24B | -4.04B | -4.54B | -4.21B | -3.99B | -4.27B |
| Return on Assets (ROA) | 2.51% | 0.58% | 2.12% | 0.62% | 1.09% | 1.09% | 6.77% | 1.29% | 2.09% | 0.62% | 1.52% | 0.88% | 1.34% | 0.62% | - | - | - | - | - | - |
| Return on Equity (ROE) | 6.96% | 1.64% | 6.01% | 1.88% | 3.52% | 3.44% | 23.56% | 5.04% | 8.65% | 2.4% | 5.31% | 3.09% | 4.62% | 2.07% | - | - | - | - | - | - |
| Debt / Equity | 1.19x | 1.23x | 1.26x | - | 1.57x | 1.52x | 1.45x | - | 1.91x | - | 1.57x | - | 1.56x | 0.26x | 1.24x | 1.26x | 1.20x | 1.37x | 1.18x | 2.36x |
| Debt / Assets | 43.18% | 44.25% | 44.54% | - | 47.87% | 47.53% | 46.37% | - | 47.93% | - | 46.45% | - | 45.58% | 7.58% | 38.53% | 39.97% | 38.43% | 40.2% | 36.56% | 47.15% |
| Net Debt / EBITDA | 8.64x | 16.61x | 10.11x | -0.52x | 10.12x | 18.10x | 12.82x | -0.08x | 12.29x | -0.21x | 15.04x | -0.09x | 9.78x | 2.46x | - | - | - | - | - | - |
| Book Value per Share | 39.52 | 37.59 | 38.62 | 39.44 | 36.95 | 44.69 | 36.94 | 32.52 | 30.08 | 26.47 | 25.74 | 23.88 | 25.93 | 25.36 | 26.37 | 26.28 | 25.05 | 21.82 | 27.03 | 16.67 |