National Grid annual debt-to-ebitda ratio
2016
2017
2018
2023
2024
2025
2026
National Grid Debt-to-EBITDA Ratio Growth & History (NG.)
National Grid's debt-to-ebitda ratio was 5.79 for fiscal 2026.
View full National Grid company overviewNational Grid annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | 5.79 | −0.30 | −5.00% |
| 2025 | 2025-03-31 | 6.09 | −0.91 | −13.01% |
| 2024 | 2024-03-31 | 7.00 | 0.98 | +16.27% |
| 2023 | 2023-03-31 | 6.02 | — | — |
| 2018 | 2018-03-31 | 5.30 | −0.81 | −13.21% |
| 2017 | 2017-03-31 | 6.11 | −0.14 | −2.26% |
| 2016 | 2016-03-31 | 6.25 | — | — |
National Grid debt-to-ebitda ratio trends
Between the periods ended 2016-03-31 and 2026-03-31, National Grid's debt-to-ebitda ratio decreased from 6.25 to 5.79, a change of −0.46.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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