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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. National Grid's Total Liabilities for the quarter that ended in Mar. 2026 was $91,935 Mil. National Grid's Total Assets for the quarter that ended in Mar. 2026 was $144,375 Mil.
Therefore, National Grid's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2026 was 0.64.
National Grid (NYSE:NGG) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
National Grid Liabilities-to-Assets Related Terms
National Grid Liabilities-to-Assets Historical Data
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The historical data trend for National Grid's Liabilities-to-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.
NGG vs NEE, SO, DUK: Liabilities-to-Assets Comparison
For the Utilities - Regulated Electric subindustry, National Grid's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where National Grid's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
National Grid's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2026 is calculated as:
* 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.
National Grid (NGG) has a Liabilities-to-Assets of 0.64 as of Mar. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on National Grid and its competitors.
Is National Grid's Liabilities-to-Assets too high?
National Grid's current Liabilities-to-Assets is 0.64. Overall, National Grid has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Grid's Liabilities-to-Assets compare to NEE and SO?
National Grid's Liabilities-to-Assets of 0.64 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Utilities - Regulated company?
A good Liabilities-to-Assets depends on the Utilities - Regulated industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on National Grid and its competitors. National Grid's current Liabilities-to-Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Grid stock overvalued right now?
Based on GuruFocus' analysis, National Grid (NGG) is currently considered Significantly Overvalued. The stock's GF Value™ is $50.96, compared to a current price of $80.27 — trading 57.5% above its estimated fair value. The current Liabilities-to-Assets is 0.64. National Grid's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For National Grid (NGG), the current Liabilities-to-Assets is 0.64 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Grid (NGG) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of $80.27 is trading 57.5% above its estimated GF Value™ of $50.96.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for NGG:
Liabilities-to-Assets: 0.64
GF Value™: $50.96 vs. price of $80.27 (57.5% above fair value)
No single metric tells the full story. See the NGG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission electricity networks in the United States, metering services and merchant transmission lines in the UK.
73GF Score
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