NiSource Balance Sheet Health
Financial Health criteria checks 1/6
NiSource has a total shareholder equity of $7.8B and total debt of $13.3B, which brings its debt-to-equity ratio to 170.6%. Its total assets and total liabilities are $27.8B and $20.1B respectively. NiSource's EBIT is $1.3B making its interest coverage ratio 2.8. It has cash and short-term investments of $56.0M.
Key information
170.6%
Debt to equity ratio
US$13.26b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$56.00m |
| Equity | US$7.77b |
| Total liabilities | US$20.06b |
| Total assets | US$27.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIZ0's short term assets ($1.8B) do not cover its short term liabilities ($4.4B).
Long Term Liabilities: NIZ0's short term assets ($1.8B) do not cover its long term liabilities ($15.7B).
Debt to Equity History and Analysis
Debt Level: NIZ0's net debt to equity ratio (169.9%) is considered high.
Reducing Debt: NIZ0's debt to equity ratio has reduced from 172.5% to 170.6% over the past 5 years.
Debt Coverage: NIZ0's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: NIZ0's interest payments on its debt are not well covered by EBIT (2.8x coverage).