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National Grid plc NGG
$ 81.86 0.59%

Quarterly report 2026-Q2
added 05-14-2026

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National Grid plc Balance Sheet 2011-2026 | NGG

Annual Balance Sheet National Grid plc

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-349 M 220 M 551 M 354 M 528 M 30 B 28.2 B -329 M 27.2 B 28 B 25.6 B 25.4 B 27.2 B 22.5 B 22.6 B

Long Term Debt

709 M 665 M 618 M 451 M 586 M 26.1 B 24.1 B - 22.9 B 24.5 B 22.7 B 22.3 B 24.5 B 20.3 B 20.1 B

Long Term Debt Current

120 M 114 M 96 M 107 M 99 M 112 M 113 M - - - - - - - -

Total Non Current Liabilities

58.3 B 57 B 54 B 46.2 B 38 B 38.9 B 34.5 B -31.2 B 34.9 B 37.6 B 35.7 B 33.1 B 37 B 32.1 B 30.5 B

Total Liabilities

68.9 B 68.4 B 63.1 B 71 B 47.4 B 47.8 B 43.8 B 40.4 B 45.5 B 45.4 B 43.1 B 40.5 B 44.5 B 38.1 B 37.3 B

Deferred Revenue

- - - - - - - - 298 M 275 M 236 M 224 M - 305 M 261 M

Retained Earnings

40.1 B 32.1 B 31.6 B 26.6 B 23.2 B 21.7 B 21.8 B 21.6 B 22.6 B 16.3 B 14.9 B 14.9 B 13.1 B 12.3 B 12.2 B

Total Assets

107 B 98.3 B 92.7 B 94.9 B 67.2 B 67.6 B 63.4 B 59.2 B 65.8 B 58.9 B 55.1 B 52.4 B 54.7 B 47.3 B 46.4 B

Cash and Cash Equivalents

1.18 B 559 M 163 M 204 M 157 M 73 M 252 M 329 M 1.14 B 127 M - - - - -

Book Value

37.8 B 29.9 B 29.6 B 23.9 B 19.9 B 19.8 B 19.6 B 18.8 B 20.4 B 13.6 B 12 B 11.9 B 10.2 B 9.25 B 9.07 B

Total Shareholders Equity

37.8 B 29.9 B 29.6 B 23.9 B 19.9 B 19.8 B 19.6 B 18.8 B 20.4 B 13.6 B - - - - -

All numbers in GBP currency

Quarterly Balance Sheet National Grid plc

2026-Q2 2025-Q2 2025-Q1 2024-Q2 2024-Q1 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

- - 709 M - 665 M - 618 M - - - 451 M - - - 586 M - - - 623 M - - - 205 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

57.4 B 57 B 58.3 B 56.5 B 57 B 54.4 B 54 B - - - 46.2 B - - - 38 B - - - 39.2 B - - - 34.7 B - 33.2 B - 31.5 B - - - 34.9 B - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

66.5 B 66 B 68.9 B 64.8 B 68.4 B 74.6 B 63.1 B - - - 71 B - - - 47.4 B - - - 47.8 B - - - 43.8 B - 41.4 B - 40.2 B - - - 45.5 B - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

40 B 38.7 B 40.1 B 31.2 B 32.1 B 26.2 B 31.6 B - - - 26.6 B - - - 23.2 B - - - 21.9 B - - - 22 B - 21.6 B - 21.8 B - - - 22.6 B - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

104 B 102 B 107 B 94.2 B 98.3 B 101 B 92.7 B - - - 94.9 B - - - 67.2 B - - - 67.6 B - - - 63.4 B - 60.8 B - 59.2 B - - - 65.8 B - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

887 M 1.12 B 1.18 B 227 M 559 M 259 M 163 M - - - 204 M - - - 157 M - - - 73 M - - - 252 M - 130 M - 329 M - 39 M - 1.14 B - - - 124 M - - - - - - - - - - - - - - - - - - - -

Book Value

37.2 B 35.9 B 37.8 B 29.5 B 29.9 B 26 B 29.6 B - - - 23.9 B - - - 19.9 B - - - 19.8 B - - - 19.6 B - 19.3 B - 19 B - - - 20.4 B - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

37.2 B 35.9 B 37.8 B 29.5 B 29.9 B 26 B 29.6 B - - - 23.9 B - - - 19.9 B - - - 19.8 B - - - 19.6 B - 19.3 B - 19 B - 16.9 B - 20.4 B - - - 13.6 B - - - 12 B - - - - - - - - - - - - - - - -

All numbers in GBP currency

Balance Sheet is a fundamental financial report of National Grid plc, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Utilities

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Huaneng Power International Huaneng Power International
HNP
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Orbital Energy Group Orbital Energy Group
OEG
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Just Energy Group Inc. Just Energy Group Inc.
JE
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ALLETE ALLETE
ALE
- - $ 3.92 B usaUSA
China Recycling Energy Corporation China Recycling Energy Corporation
CREG
$ 0.29 -9.51 % $ 4.4 M chinaChina
Clearway Energy Clearway Energy
CWEN
$ 39.74 -1.58 % $ 8.1 B usaUSA
Ellomay Capital Ltd. Ellomay Capital Ltd.
ELLO
$ 21.3 -4.66 % $ 274 M israelIsrael
Atlantica Sustainable Infrastructure plc Atlantica Sustainable Infrastructure plc
AY
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Companhia Paranaense de Energia - COPEL Companhia Paranaense de Energia - COPEL
ELP
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Exelon Corporation Exelon Corporation
EXC
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Atlantic Power Corporation Atlantic Power Corporation
AT
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Azure Power Global Limited Azure Power Global Limited
AZRE
- - $ 108 M indiaIndia
MGE Energy MGE Energy
MGEE
$ 75.66 2.44 % $ 2.76 B usaUSA
Dominion Energy Dominion Energy
DCUE
- -0.76 % $ 67.9 B usaUSA
Cosan Limited Cosan Limited
CZZ
- 2.01 % $ 4.53 B brasilBrasil
Entergy Corporation Entergy Corporation
ETR
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The AES Corporation The AES Corporation
AES
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Dyne Therapeutics Dyne Therapeutics
DYN
$ 17.04 -7.44 % $ 2.81 B usaUSA
Brookfield Renewable Partners L.P. Brookfield Renewable Partners L.P.
BEP
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Black Hills Corporation Black Hills Corporation
BKH
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Transportadora de Gas del Sur S.A. Transportadora de Gas del Sur S.A.
TGS
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Avista Corporation Avista Corporation
AVA
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TransAlta Corporation TransAlta Corporation
TAC
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FirstEnergy Corp. FirstEnergy Corp.
FE
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NextEra Energy Partners, LP NextEra Energy Partners, LP
NEP
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NorthWestern Corporation NorthWestern Corporation
NWE
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Otter Tail Corporation Otter Tail Corporation
OTTR
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Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P.
BIP
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Public Service Enterprise Group Incorporated Public Service Enterprise Group Incorporated
PEG
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NRG Energy NRG Energy
NRG
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Ormat Technologies Ormat Technologies
ORA
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Unitil Corporation Unitil Corporation
UTL
$ 51.23 2.19 % $ 860 M usaUSA
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SJI
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Sempra Energy Sempra Energy
SRE
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VST
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KEN
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Algonquin Power & Utilities Corp. Algonquin Power & Utilities Corp.
AQN
$ 6.01 1.18 % $ 4.62 B canadaCanada
Dominion Energy Dominion Energy
D
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Enel Chile S.A. Enel Chile S.A.
ENIC
$ 4.17 -0.71 % $ 223 M -