National Other Current Assets vs Net Debt Analysis
NGG Stock | USD 72.41 0.04 0.06% |
National Grid financial indicator trend analysis is infinitely more than just investigating National Grid PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Grid PLC is a good investment. Please check the relationship between National Grid Other Current Assets and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Other Current Assets vs Net Debt
Other Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Grid PLC Other Current Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between National Grid's Other Current Assets and Net Debt is 0.81. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of National Grid PLC, assuming nothing else is changed. The correlation between historical values of National Grid's Other Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of National Grid PLC are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Assets i.e., National Grid's Other Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from National Grid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Grid PLC current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, National Grid's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The National Grid's current Enterprise Value is estimated to increase to about 230.3 B, while Discontinued Operations is projected to decrease to roughly 146.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2B | 1.7B | 1.9B | 1.0B | Depreciation And Amortization | 1.9B | 1.5B | 1.8B | 991.2M |
National Grid fundamental ratios Correlations
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National Grid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Grid fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 67.6B | 67.2B | 94.9B | 92.7B | 106.6B | 111.9B | |
Short Long Term Debt Total | 30.8B | 31.2B | 45.5B | 43.0B | 49.4B | 51.9B | |
Other Current Liab | 2.0B | 3.1B | 8.8B | 2.1B | 2.4B | 1.3B | |
Total Current Liabilities | 8.6B | 9.4B | 24.8B | 9.1B | 10.5B | 6.5B | |
Total Stockholder Equity | 19.8B | 19.8B | 23.8B | 29.5B | 34.0B | 35.7B | |
Property Plant And Equipment Net | 49.8B | 47.0B | 57.5B | 64.4B | 74.1B | 77.8B | |
Net Debt | 30.7B | 31.1B | 45.3B | 42.8B | 49.2B | 51.7B | |
Retained Earnings | 16.7B | 18.0B | 21.4B | 31.6B | 36.3B | 38.2B | |
Accounts Payable | 2.2B | 2.2B | 3.1B | 3.2B | 3.7B | 2.0B | |
Cash | 73M | 157M | 204M | 163M | 146.7M | 139.4M | |
Non Current Assets Total | 61.8B | 57.3B | 76.9B | 80.0B | 92.0B | 96.7B | |
Non Currrent Assets Other | (3.8B) | 1.8B | 3.9B | (80.0B) | (72.0B) | (68.4B) | |
Cash And Short Term Investments | 2.1B | 2.5B | 3.3B | 2.8B | 3.2B | 2.4B | |
Common Stock Total Equity | 0.0 | 458M | 470M | 474M | 545.1M | 311.7M | |
Common Stock Shares Outstanding | 3.5B | 3.5B | 3.6B | 3.7B | 4.2B | 4.4B | |
Liabilities And Stockholders Equity | 67.6B | 67.2B | 94.9B | 92.7B | 106.6B | 111.9B | |
Non Current Liabilities Total | 39.2B | 38.0B | 46.2B | 40.4B | 46.5B | 48.8B | |
Inventory | 549M | 439M | 511M | 740M | 851M | 893.6M | |
Other Current Assets | 501M | 4.4B | 10.7B | 5.4B | 6.2B | 6.5B | |
Other Stockholder Equity | 1.3B | 1.3B | 1.3B | (3.9B) | (3.5B) | (3.3B) | |
Total Liab | 47.8B | 47.4B | 71.0B | 63.1B | 72.6B | 76.2B | |
Property Plant And Equipment Gross | 3.9B | 47.0B | 73.3B | 81.8B | 94.1B | 98.8B | |
Total Current Assets | 5.8B | 9.9B | 18.0B | 9.2B | 10.5B | 6.0B | |
Short Term Debt | 4.1B | 3.7B | 12.1B | 3.0B | 3.4B | 3.2B | |
Common Stock | 470M | 474M | 485M | 488M | 561.2M | 342.2M | |
Short Term Investments | 2.0B | 2.3B | 3.1B | 841M | 967.2M | 918.8M | |
Accumulated Other Comprehensive Income | 1.3B | 71M | 602M | 1.3B | 1.5B | 1.6B | |
Intangible Assets | 7.0B | 6.0B | 12.8B | 3.6B | 4.1B | 4.4B | |
Other Liab | 9.4B | 11.3B | 10.5B | 12.0B | 13.8B | 10.9B | |
Other Assets | 3.0B | 2.6B | 4.5B | 3.5B | 3.1B | 2.6B | |
Long Term Debt | 26.1B | 27.5B | 32.9B | 39.4B | 45.3B | 32.1B | |
Net Receivables | 2.7B | 2.6B | 3.4B | 2.1B | 1.9B | 2.0B | |
Property Plant Equipment | 48.8B | 47.0B | 57.5B | 64.4B | 74.1B | 51.9B | |
Good Will | 5.7B | 4.6B | 9.5B | 9.8B | 11.3B | 11.9B | |
Current Deferred Revenue | 297M | 358M | 754M | 827M | 951.1M | 998.6M | |
Net Tangible Assets | 12.4B | 12.0B | 13.8B | 11.0B | 12.7B | 13.3B | |
Short Long Term Debt | 4.0B | 3.6B | 12.0B | 2.9B | 2.6B | 2.4B | |
Long Term Debt Total | 26.7B | 27.5B | 33.3B | 40.0B | 36.0B | 26.3B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the National Grid PLC information on this page should be used as a complementary analysis to other National Grid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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Is National Grid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Grid. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Grid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 0.57 | Earnings Share 4.4 | Revenue Per Share 4.694 | Quarterly Revenue Growth (0.10) |
The market value of National Grid PLC is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Grid's value that differs from its market value or its book value, called intrinsic value, which is National Grid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Grid's market value can be influenced by many factors that don't directly affect National Grid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Grid's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Grid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Grid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.