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NiSource Current Ratio

: 0.63 (As of Jun. 2022)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. NiSource's current ratio for the quarter that ended in Jun. 2022 was 0.63.

NiSource has a current ratio of 0.63. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If NiSource has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for NiSource's Current Ratio or its related term are showing as below:

NI' s Current Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.65   Max: 0.93
Current: 0.63

During the past 13 years, NiSource's highest Current Ratio was 0.93. The lowest was 0.40. And the median was 0.65.

NI's Current Ratio is ranked worse than
83.96% of 480 companies
in the Utilities - Regulated industry
Industry Median: 1.08 vs NI: 0.63

NiSource Current Ratio Historical Data

The historical data trend for NiSource's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NiSource Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.51 0.49 0.73 0.70

NiSource Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.65 0.70 0.72 0.63

Competitive Comparison

For the Utilities - Regulated Gas subindustry, NiSource's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

NiSource Current Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, NiSource's Current Ratio distribution charts can be found below:

* The bar in red indicates where NiSource's Current Ratio falls into.



NiSource Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

NiSource's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=1920.8/2746.2
=0.70

NiSource's Current Ratio for the quarter that ended in Jun. 2022 is calculated as

Current Ratio (Q: Jun. 2022 )=Total Current Assets (Q: Jun. 2022 )/Total Current Liabilities (Q: Jun. 2022 )
=1911.7/3015
=0.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NiSource  (NYSE:NI) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


NiSource Current Ratio Related Terms

Thank you for viewing the detailed overview of NiSource's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NiSource Business Description

NiSource logo
Address
801 East 86th Avenue, Merrillville, IN, USA, 46410
NiSource is one of the nation's largest natural gas distribution companies with approximately 3.5 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, most of which is now coal-fired but is being replaced by natural gas and renewable energy.
Executives
Johnson William D director 77 BEALE ST PO BOX 770000 SAN FRANCISCO CA 94177
Lee Cassandra S. director 7615 ZIONSVILLE RD INDIANAPOLIS IN 46268
Barbour Sondra L director 6801 ROCKLEDGE DRIVE BETHESDA MD 20817
Cuccia Kimberly S officer: VP, Interim GC & Corp Sec 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Gode Gunnar officer: VP & Chief Accounting Officer 1000 MAINE AVENUE, SW WASHINGTON DC 20024
D'angelo Anne-marie W officer: SVP, Gen Counsel & Corp Sec 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Anderson Shawn officer: SVP & Chief Strategy & Risk 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Creekmur Daniel A officer: SVP & President, Gas Utilities 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Hooper Michael officer: SVP and President, NIPSCO 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Yates Lloyd M director 1N 2ND ST HARTSVILLE SC 29550
Shafer Charles Edward Ii officer: SVP & Chief Safety Officer 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Keener Kenneth E officer: SVP HR & Chief HR Officer 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Hersman Deborah director 801 E. 86TH AVENUE MERRILLVILLE IN 46410
Bunting Theodore H Jr director P. O. BOX 61000 NEW ORLEANS LA 70161
Kempic Mark officer: Chief Transformation Officer 801 E. 86TH AVENUE MERRILLVILLE IN 46410

NiSource Headlines

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