Switch to:
National Grid PLC  (NYSE:NGG) Debt-to-Equity: 1.41 (As of Mar. 2017)

National Grid PLC's Current Portion of Long-Term Debt for the quarter that ended in Mar. 2017 was $6,785 Mil. National Grid PLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $28,570 Mil. National Grid PLC's Total Equity for the quarter that ended in Mar. 2017 was $25,146 Mil. National Grid PLC's debt to equity for the quarter that ended in Mar. 2017 was 1.41.

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.

NYSE:NGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.41   Max: 13.94
Current: 1.41

1.41
13.94

During the past 13 years, the highest Debt-to-Equity Ratio of National Grid PLC was 13.94. The lowest was 1.41. And the median was 2.75.

NYSE:NGG's Debt-to-Equity is ranked lower than
68% of the 562 Companies
in the Global industry.

( Industry Median: 0.95 vs. NYSE:NGG: 1.41 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

National Grid PLC Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.75 2.18 2.17 2.09 1.41

National Grid PLC Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 2.17 2.09 2.57 1.41

Competitive Comparison
* 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.


Calculation

Debt to Equity measures the financial leverage a company has.

National Grid PLC's Debt to Equity Ratio for the fiscal year that ended in Mar. 2017 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity
=(6785.18518519 + 28570.3703704) / 25145.6790123
=1.41

National Grid PLC's Debt to Equity Ratio for the quarter that ended in Mar. 2017 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity
=(6785.18518519 + 28570.3703704) / 25145.6790123
=1.41

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation divided by Total 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.


Related Terms


Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK