NiSource Balance Sheet Health
Financial Health criteria checks 1/6
NiSource has a total shareholder equity of $10.3B and total debt of $12.3B, which brings its debt-to-equity ratio to 119.5%. Its total assets and total liabilities are $30.8B and $20.5B respectively. NiSource's EBIT is $1.4B making its interest coverage ratio 2.5. It has cash and short-term investments of $126.2M.
Key information
119.5%
Debt to equity ratio
US$12.34b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$126.20m |
| Equity | US$10.33b |
| Total liabilities | US$20.50b |
| Total assets | US$30.83b |
Recent financial health updates
Does NiSource (NYSE:NI) Have A Healthy Balance Sheet?
Oct 11
NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet
Jul 03NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet
Aug 01NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt
Oct 12NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky
Jul 06Recent updates
Does NiSource (NYSE:NI) Have A Healthy Balance Sheet?
Oct 11Returns On Capital Are Showing Encouraging Signs At NiSource (NYSE:NI)
Sep 27Is Now The Time To Put NiSource (NYSE:NI) On Your Watchlist?
Sep 12There's Reason For Concern Over NiSource Inc.'s (NYSE:NI) Price
Aug 29Calculating The Intrinsic Value Of NiSource Inc. (NYSE:NI)
Aug 16NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet
Jul 03NiSource's Equity Issuance Reduces Upside (Rating Downgrade)
Jun 21NiSource (NYSE:NI) Is Doing The Right Things To Multiply Its Share Price
Jun 01A Look At The Fair Value Of NiSource Inc. (NYSE:NI)
May 03NiSource Inc.: While Slightly Undervalued, Higher For Longer May Bring A Deeper Discount
Apr 08With NiSource Inc. (NYSE:NI) It Looks Like You'll Get What You Pay For
Apr 05NiSource: A Less Risky Infrastructure Investment With A Growing Yield
Mar 08NiSource (NYSE:NI) Shareholders Will Want The ROCE Trajectory To Continue
Jan 08A Look At The Fair Value Of NiSource Inc. (NYSE:NI)
Dec 21NiSource: On Your Mark, Get Set, But Not Yet
Dec 13NiSource: Positioned For Solid Dividend Growth
Nov 20Calculating The Intrinsic Value Of NiSource Inc. (NYSE:NI)
Sep 18NiSource: A Stable Utility Trading At An Attractive Valuation
Sep 10NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet
Aug 01NiSource Stock Looks Fairly Valued
Jun 30NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward
Jun 19Calculating The Fair Value Of NiSource Inc. (NYSE:NI)
May 29Here's Why We Think NiSource (NYSE:NI) Might Deserve Your Attention Today
Apr 23NiSource's (NYSE:NI) Upcoming Dividend Will Be Larger Than Last Year's
Apr 05NiSource: A Risky Bet In A Stable Industry
Feb 21Investors Met With Slowing Returns on Capital At NiSource (NYSE:NI)
Feb 11NiSource declares $0.25 dividend
Jan 26NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 100% Above Its Share Price
Jan 21Here's What To Make Of NiSource's (NYSE:NI) Decelerating Rates Of Return
Nov 08NiSource Q3 2022 Earnings Preview
Nov 04NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt
Oct 12With EPS Growth And More, NiSource (NYSE:NI) Makes An Interesting Case
Sep 05NiSource declares $0.235 dividend
Aug 09NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward
Aug 09NiSource Q2 2022 Earnings Preview
Aug 02NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky
Jul 06If You Like EPS Growth Then Check Out NiSource (NYSE:NI) Before It's Too Late
Jun 06Financial Position Analysis
Short Term Liabilities: NI's short term assets ($1.6B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: NI's short term assets ($1.6B) do not cover its long term liabilities ($17.0B).
Debt to Equity History and Analysis
Debt Level: NI's net debt to equity ratio (118.3%) is considered high.
Reducing Debt: NI's debt to equity ratio has reduced from 160.8% to 119.5% over the past 5 years.
Debt Coverage: NI's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: NI's interest payments on its debt are not well covered by EBIT (2.5x coverage).