NiSource Balance Sheet Health
Financial Health criteria checks 1/6
NiSource has a total shareholder equity of $10.1B and total debt of $13.9B, which brings its debt-to-equity ratio to 137.4%. Its total assets and total liabilities are $31.1B and $20.9B respectively. NiSource's EBIT is $1.3B making its interest coverage ratio 2.5. It has cash and short-term investments of $2.2B.
Key information
137.4%
Debt to equity ratio
US$13.92b
Debt
Interest coverage ratio | 2.5x |
Cash | US$2.25b |
Equity | US$10.14b |
Total liabilities | US$20.94b |
Total assets | US$31.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NI.PRB's short term assets ($4.5B) do not cover its short term liabilities ($5.3B).
Long Term Liabilities: NI.PRB's short term assets ($4.5B) do not cover its long term liabilities ($15.7B).
Debt to Equity History and Analysis
Debt Level: NI.PRB's net debt to equity ratio (115.2%) is considered high.
Reducing Debt: NI.PRB's debt to equity ratio has reduced from 155.6% to 137.4% over the past 5 years.
Debt Coverage: NI.PRB's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: NI.PRB's interest payments on its debt are not well covered by EBIT (2.5x coverage).