National Grid (CHIX:NGL) LT-Debt-to-Total-Asset: 0.40 (As of Mar. 2026)

What is National Grid LT-Debt-to-Total-Asset?

National Grid CHIX:NGL +0.04% 73 LT-Debt-to-Total-Asset is 0.40 as of Mar. 2026. GuruFocus rates CHIX:NGL with a GF Score™ of 73/100 and a GF Value™ of £7.50 (Significantly Overvalued). The stock has 6 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. National Grid's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.40.

National Grid's long-term debt to total assets ratio declined from Mar. 2025 (0.40) to Mar. 2026 (0.40). It may suggest that National Grid is progressively becoming less dependent on debt to grow their business.

National Grid (CHIX:NGl) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

National Grid LT-Debt-to-Total-Asset Related Terms

National Grid LT-Debt-to-Total-Asset Historical Data

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The historical data trend for National Grid's LT-Debt-to-Total-Asset 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.

National Grid LT-Debt-to-Total-Asset Chart

National Grid Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

LT-Debt-to-Total-Asset

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0.35

0.43

0.40

National Grid Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.42	0.40	0.41	0.40

73GF Score

National Grid PLC CHIX:NGL

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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National Grid LT-Debt-to-Total-Asset Calculation

National Grid's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (A: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2026 )	/	Total Assets (A: Mar. 2026 )
	=	42855	/	108281
	=	0.40

National Grid's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	42855	/	108281
	=	0.40

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.40 mean?

National Grid (CHIX:NGL) has a LT-Debt-to-Total-Asset of 0.40 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Grid and its competitors.

Is National Grid's LT-Debt-to-Total-Asset too high?

National Grid's current LT-Debt-to-Total-Asset is 0.40. 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 LT-Debt-to-Total-Asset compare to NEE and SO?

National Grid's LT-Debt-to-Total-Asset of 0.40 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 LT-Debt-to-Total-Asset for an Utilities - Regulated company?

A good LT-Debt-to-Total-Asset depends on the Utilities - Regulated industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Grid and its competitors. National Grid's current LT-Debt-to-Total-Asset is 0.40. 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 (CHIX:NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is £7.50, compared to a current price of £12.52 — trading 67% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.40. National Grid's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current LT-Debt-to-Total-Asset is 0.40 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 (CHIX:NGL) Overvalued in 2026?

Based on GuruFocus' analysis, National Grid stock appears to be overvalued. The current stock price of £12.52 is trading 67% above its estimated GF Value™ of £7.50. GuruFocus considers National Grid to be Significantly Overvalued.

Key valuation signals for CHIX:NGL:

LT-Debt-to-Total-Asset: 0.40
GF Value™: £7.50 vs. price of £12.52 (67% above fair value)
GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the CHIX:NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Grid Business Description

Industry Utilities Utilities - Regulated

Comparable Companies LSE:JEL NEE SO DUK AEP D ETR XEL EXC XMAD:ELE PEG ED WEC PCG BOM:532555 AEE DTE XPRA:CEZ TSX:FTS CNP

Other Exchanges NGGTF:USA NGG:USA NG.:UK NNGF: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 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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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£12.52

Price

£7.50

GF Value

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