Avangrid Net Tangible Assets

Avangrid posts a net tangible assets of $21B as of September 2024. That compares with $20B in the prior-year period — up 1.5% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Avangrid's net tangible assets was $20B. The latest reading is $21B — a 1.5% year-over-year increase (period ending September 2024). Use the history and growth charts on this page for a longer lookback.

Net Tangible Assets is one piece of Avangrid's financial statement story. At $21B, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for AGR's net tangible assets usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Avangrid's other metric pages and overview cover the third.

Judging Avangrid against Utilities peers is usually better than using a market-wide rule of thumb. Business models inside Utilities are more comparable, which makes gaps in net tangible assets easier to interpret. Start with $21B here, then scan peer and history charts to see if the gap is persistent.