National Grid (BUE:NGG) Debt-to-Equity

: 1.52 (As of Sep. 2023)

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National Grid's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ARS1,165,489 Mil. National Grid's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ARS18,236,380 Mil. National Grid's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ARS12,757,150 Mil. National Grid's debt to equity for the quarter that ended in Sep. 2023 was 1.52.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for National Grid's Debt-to-Equity or its related term are showing as below:

BUE:NGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.41 Med: 1.7 Max: 2.57
Current: 1.52

During the past 13 years, the highest Debt-to-Equity Ratio of National Grid was 2.57. The lowest was 1.41. And the median was 1.70.

BUE:NGG's Debt-to-Equity is ranked worse than
73.63% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs BUE:NGG: 1.52

National Grid Debt-to-Equity Historical Data

The historical data trend for National Grid's Debt-to-Equity 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

Debt-to-Equity

1.47

1.56

1.57

1.91

1.46

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-Equity																2.13	1.91	1.87	1.46	1.52

Competitive Comparison

For the Utilities - Regulated Electric subindustry, National Grid's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

National Grid Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(708446.916	+	9596998.325)	/	7081592.219
	=	1.46

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1165489.458	+	18236380.205)	/	12757150.499
	=	1.52

National Grid (BUE:NGG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

National Grid Debt-to-Equity Related Terms

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National Grid (BUE:NGG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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

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.