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 ratio2.5x
CashUS$2.25b
EquityUS$10.14b
Total liabilitiesUS$20.94b
Total assetsUS$31.08b

Recent financial health updates

Recent updates

NiSource: A Less Risky Infrastructure Investment With A Growing Yield

Mar 08

NiSource (NYSE:NI) Shareholders Will Want The ROCE Trajectory To Continue

Jan 08
NiSource (NYSE:NI) Shareholders Will Want The ROCE Trajectory To Continue

A Look At The Fair Value Of NiSource Inc. (NYSE:NI)

Dec 21
A Look At The Fair Value Of NiSource Inc. (NYSE:NI)

NiSource: On Your Mark, Get Set, But Not Yet

Dec 13

NiSource: Positioned For Solid Dividend Growth

Nov 20

Calculating The Intrinsic Value Of NiSource Inc. (NYSE:NI)

Sep 18
Calculating The Intrinsic Value Of NiSource Inc. (NYSE:NI)

NiSource: A Stable Utility Trading At An Attractive Valuation

Sep 10

NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet

Aug 01
NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet

NiSource Stock Looks Fairly Valued

Jun 30

NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Jun 19
NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Calculating The Fair Value Of NiSource Inc. (NYSE:NI)

May 29
Calculating The Fair Value Of NiSource Inc. (NYSE:NI)

Here's Why We Think NiSource (NYSE:NI) Might Deserve Your Attention Today

Apr 23
Here's Why We Think NiSource (NYSE:NI) Might Deserve Your Attention Today

NiSource's (NYSE:NI) Upcoming Dividend Will Be Larger Than Last Year's

Apr 05
NiSource's (NYSE:NI) Upcoming Dividend Will Be Larger Than Last Year's

NiSource: A Risky Bet In A Stable Industry

Feb 21

Investors Met With Slowing Returns on Capital At NiSource (NYSE:NI)

Feb 11
Investors Met With Slowing Returns on Capital At NiSource (NYSE:NI)

NiSource declares $0.25 dividend

Jan 26

NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 100% Above Its Share Price

Jan 21
NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 100% Above Its Share Price

Here's What To Make Of NiSource's (NYSE:NI) Decelerating Rates Of Return

Nov 08
Here's What To Make Of NiSource's (NYSE:NI) Decelerating Rates Of Return

NiSource Q3 2022 Earnings Preview

Nov 04

NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt

Oct 12
NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt

With EPS Growth And More, NiSource (NYSE:NI) Makes An Interesting Case

Sep 05
With EPS Growth And More, NiSource (NYSE:NI) Makes An Interesting Case

NiSource declares $0.235 dividend

Aug 09

NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Aug 09
NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

NiSource Q2 2022 Earnings Preview

Aug 02

NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky

Jul 06
NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky

If You Like EPS Growth Then Check Out NiSource (NYSE:NI) Before It's Too Late

Jun 06
If You Like EPS Growth Then Check Out NiSource (NYSE:NI) Before It's Too Late

NiSource's (NYSE:NI) Returns Have Hit A Wall

May 09
NiSource's (NYSE:NI) Returns Have Hit A Wall

These 4 Measures Indicate That NiSource (NYSE:NI) Is Using Debt Extensively

Apr 04
These 4 Measures Indicate That NiSource (NYSE:NI) Is Using Debt Extensively

NiSource Inc. (NYSE:NI) Shares Could Be 25% Above Their Intrinsic Value Estimate

Mar 14
NiSource Inc. (NYSE:NI) Shares Could Be 25% Above Their Intrinsic Value Estimate

The Returns At NiSource (NYSE:NI) Aren't Growing

Jan 30
The Returns At NiSource (NYSE:NI) Aren't Growing

Off-Radar NiSource Keeps Optionality For Electric Generation

Jan 04

Is NiSource (NYSE:NI) A Risky Investment?

Dec 17
Is NiSource (NYSE:NI) A Risky Investment?

Are NiSource Inc. (NYSE:NI) Investors Paying Above The Intrinsic Value?

Nov 26
Are NiSource Inc. (NYSE:NI) Investors Paying Above The Intrinsic Value?

NiSource: Healthy Capex Pipeline In Favorable Regulatory Environments

Oct 12

Financial Position Analysis

Short Term Liabilities: NI's short term assets ($4.5B) do not cover its short term liabilities ($5.3B).

Long Term Liabilities: NI's short term assets ($4.5B) do not cover its long term liabilities ($15.7B).


Debt to Equity History and Analysis

Debt Level: NI's net debt to equity ratio (115.2%) is considered high.

Reducing Debt: NI's debt to equity ratio has reduced from 155.6% to 137.4% over the past 5 years.

Debt Coverage: NI's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: NI's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


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