National Grid PLC (NEWEN) balance sheet

NEWENOTCNatural Gas TransmissionFiscal year ends March 31Also trades as NGG, NGGTF, NMKBP, NMKCP, NMPWP

Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 3, 2026Score 3/30

$100.29+0.00 (0.00%)

Close on Oct 19, 2026Market cap $104.28BP/E 23.0Yield –

National Grid PLC balance sheet

Annual Quarterly

GBP USD

Millions of GBP, except per-share data. Shares in millions.

Line item	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31	FY 2020 2020-03-31	FY 2019 2019-03-31	FY 2018 2018-03-31	FY 2017 2017-03-31	FY 2016 2016-03-31	FY 2015 2015-03-31
Cash & Equivalents	375	1,178	559	163	204	157	73	252	329	1,139	124	–
Cash & Short-Term Investments	375	1,178	559	163	204	157	73	252	329	1,139	124	–
Receivables	3,867	4,092	3,415	3,830	3,715	2,919	2,986	3,153	2,798	2,728	–	–
Inventory	559	557	828	876	511	439	549	370	341	403	–	–
Total Current Assets	7,485	14,332	10,379	9,113	17,963	9,938	5,801	7,946	6,681	13,574	–	–
Property, Plant & Equipment	–	–	–	64,433	57,532	47,043	49,762	44,859	40,730	39,825	–	–
Operating Lease Right-of-Use Assets	836	773	728	671	505	630	684	–	–	–	–	–
Goodwill	9,417	9,532	9,729	9,847	9,532	4,588	5,712	5,372	4,984	6,096	–	–
Intangible Assets	3,879	3,564	3,431	3,604	3,272	1,443	1,295	1,084	899	923	–	–
Deferred Tax Assets	–	–	–	47	428	455	547	423	390	798	–	–
Other Long-Term Assets	1,384	959	848	620	303	293	354	264	115	69	–	–
Total Assets	108,281	106,742	98,325	92,697	94,860	67,216	67,560	63,412	59,204	65,840	–	–
Accounts Payable	5,049	4,472	4,076	5,068	4,915	3,517	3,602	3,769	3,453	3,345	–	–
Current Debt	3,900	4,662	4,859	2,955	12,121	3,737	4,072	4,472	4,447	5,496	–	–
Current Portion of Leases	145	120	114	96	107	99	112	65	–	–	–	–
Current Income Taxes Payable	45	219	220	236	32	75	86	161	123	107	–	–
Total Current Liabilities	9,797	10,621	11,389	9,130	24,770	9,368	8,564	9,129	8,697	10,511	–	–
Long-Term Debt	42,855	42,877	42,213	40,030	33,344	27,483	26,722	24,258	22,178	23,142	–	–
Long-Term Leases	748	709	665	618	451	586	623	205	–	–	–	–
Operating Lease Liabilities	893	829	779	714	558	685	735	270	–	–	–	–
Deferred Tax Liabilities	9,040	8,038	7,519	7,181	6,765	4,815	4,446	4,215	3,868	4,479	–	–
Other Long-Term Liabilities	1,114	876	880	921	805	843	891	808	1,317	1,370	–	–
Total Liabilities	68,951	68,916	68,433	63,135	71,004	47,356	47,767	43,844	40,171	45,456	–	–
Total Debt	46,755	47,539	47,072	42,985	45,465	31,220	30,794	28,730	26,625	28,638	–	–
Common Stock	647	638	493	488	485	474	470	458	452	449	–	–
Additional Paid-In Capital	1,285	1,292	1,298	1,302	1,300	1,296	1,301	1,314	1,321	1,324	–	–
Retained Earnings	41,909	40,106	32,066	31,608	26,611	23,163	21,895	21,999	21,784	22,582	–	–
Treasury Stock	-29	-31	-32	-32	-33	-34	-34	-35	-35	-22	–	–
Shareholders' Equity	39,299	37,803	29,867	29,538	23,833	19,839	19,771	19,548	19,017	20,368	–	–
Noncontrolling Interest	31	23	25	24	23	21	22	20	16	16	–	–
Total Equity	39,330	37,826	29,892	29,562	23,856	19,860	19,793	19,568	19,033	20,384	13,565	11,974

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Mar 31, 2026

Profitability, FY2026

Gross margin: –
Operating margin: 30.7%
Net margin: 18.3%
Return on equity, FY2026: 8.4%

Financial strength

Current ratio: 0.76
Debt to equity: 1.19
Debt to assets: 43.2%
Cash to current liabilities: 3.8%

Valuation

P/E ratio: 23.0
Price to sales: 4.41
Price to book: 1.98
Dividend yield: –