National Grid (National Grid) Cash, Cash Equivalents, Marketable Securities

: $2,360 Mil (As of Sep. 2023)

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National Grid's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($3,335.22 Mil) to Mar. 2023 ($3,314.32 Mil) but then stayed the same from Mar. 2023 ($3,314.32 Mil) to Sep. 2023 ($2,360.15 Mil).

National Grid's annual cash, cash equivalents, marketable securities increased from Mar. 2021 ($3,449.38 Mil) to Mar. 2022 ($4,393.94 Mil) but then declined from Mar. 2022 ($4,393.94 Mil) to Mar. 2023 ($3,314.32 Mil).

National Grid Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for National Grid's Cash, Cash Equivalents, Marketable Securities 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 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

2,942.03

2,563.12

3,449.38

4,393.94

3,314.32

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
Cash, Cash Equivalents, Marketable Securities																3,782.97	4,393.94	3,335.22	3,314.32	2,360.15

National Grid Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

National Grid (NYSE:NGG) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

National Grid Cash, Cash Equivalents, Marketable Securities Related Terms

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National Grid (National Grid) Business Description

Industry

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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.