National Grid annual debt-to-assets ratio
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
National Grid Debt-to-Assets Ratio Growth & History (NG.)
National Grid's debt-to-assets ratio was 0.44 for fiscal 2026.
View full National Grid company overviewNational Grid annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | 0.44 | −0.01 | −2.89% |
| 2025 | 2025-03-31 | 0.45 | −0.03 | −6.89% |
| 2024 | 2024-03-31 | 0.49 | 0.02 | +3.23% |
| 2023 | 2023-03-31 | 0.47 | −0.01 | −2.83% |
| 2022 | 2022-03-31 | 0.49 | 0.01 | +2.21% |
| 2021 | 2021-03-31 | 0.47 | 0.01 | +1.71% |
| 2020 | 2020-03-31 | 0.47 | 0.01 | +2.05% |
| 2019 | 2019-03-31 | 0.46 | 0.01 | +1.69% |
| 2018 | 2018-03-31 | 0.45 | 0.01 | +3.39% |
| 2017 | 2017-03-31 | 0.43 | — | — |
National Grid quarterly debt-to-assets ratio
Q4.17
Q4.18
Q2.19
Q4.19
Q4.20
Q4.21
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2025-09-30 | 0.44 | −0.00 | −0.24% |
| Q4 2025 | 2025-03-31 | 0.45 | −0.03 | −6.89% |
| Q2 2025 | 2024-09-30 | 0.44 | −0.03 | −6.68% |
| Q4 2024 | 2024-03-31 | 0.49 | 0.02 | +3.23% |
| Q2 2024 | 2023-09-30 | 0.48 | −0.01 | −1.63% |
| Q4 2023 | 2023-03-31 | 0.47 | −0.01 | −2.83% |
| Q2 2023 | 2022-09-30 | 0.48 | — | — |
| Q4 2022 | 2022-03-31 | 0.49 | 0.01 | +2.21% |
| Q4 2021 | 2021-03-31 | 0.47 | 0.01 | +1.71% |
| Q4 2020 | 2020-03-31 | 0.47 | 0.01 | +2.05% |
| Q4 2019 | 2019-03-31 | 0.46 | 0.01 | +1.69% |
| Q2 2019 | 2018-09-30 | 0.45 | — | — |
| Q4 2018 | 2018-03-31 | 0.45 | 0.01 | +3.39% |
| Q4 2017 | 2017-03-31 | 0.43 | — | — |
National Grid debt-to-assets ratio trends
Over the last five fiscal years, National Grid's debt-to-assets ratio decreased from 0.47 to 0.44, a change of −0.03. The latest reported quarter, Q2 2026, shows 0.44.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review National Grid source filings ↗Community posts
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