National Grid (National Grid) Total Assets

: $116,642 Mil (As of Sep. 2023)

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National Grid's Total Assets for the quarter that ended in Sep. 2023 was $116,642 Mil.

Warning Sign:

If a company builds assets at 10.7% a year, faster than its revenue growth rate of 5.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, National Grid's average Total Assets Growth Rate was -5.40% per year. During the past 3 years, the average Total Assets Growth Rate was 11.20% per year. During the past 5 years, the average Total Assets Growth Rate was 10.70% per year. During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.

During the past 13 years, National Grid's highest 3-Year average Total Assets Growth Rate was 72.80%. The lowest was -2.80%. And the median was 6.00%.

Total Assets is connected with ROA %. National Grid's annualized ROA % for the quarter that ended in Sep. 2023 was 2.44%. Total Assets is also linked to Revenue through Asset Turnover. National Grid's Asset Turnover for the quarter that ended in Sep. 2023 was 0.09.

National Grid Total Assets Historical Data

The historical data trend for National Grid's Total Assets 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.

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National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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83,546.77

83,613.86

93,226.08

124,980.24

112,496.36

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
Total Assets	Get a 7-Day Free Trial															122,167.58	124,980.24	113,899.21	112,496.36	116,642.33

National Grid Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

National Grid's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	35876.214	+	76620.146
	=	112,496

National Grid's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	36485.149	+	80157.178
	=	116,642

National Grid (NYSE:NGG) Total Assets Explanation

Total Assets is connected with ROA %.

National Grid's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2792.08	/	( (112496.359	+	116642.327)	/ 2 )
	=	2792.08	/	114569.343
	=	2.44 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

National Grid's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	10506.188	/	( (112496.359	+	116642.327)	/ 2 )
=	10506.188	/	114569.343
=	0.09

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

National Grid Total Assets Related Terms

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National Grid (National Grid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (NYSE:NGG) » Definitions » Total Assets

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.