Market Cap : 12.64 B | Enterprise Value : 24.22 B | PE Ratio : 20.22 | PB Ratio : 2.23 |
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. NiSource's Operating Income for the three months ended in Jun. 2022 was $143 Mil. NiSource's Interest Expense for the three months ended in Jun. 2022 was $-85 Mil. NiSource's interest coverage for the quarter that ended in Jun. 2022 was 1.70. The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. NiSource Inc interest coverage is 3.23, which is low.
The historical rank and industry rank for NiSource's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for NiSource's Interest Coverage 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.
For the Utilities - Regulated Gas subindustry, NiSource's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
For the Utilities - Regulated industry and Utilities sector, NiSource's Interest Coverage distribution charts can be found below:
* The bar in red indicates where NiSource's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
NiSource's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, NiSource's Interest Expense was $-332 Mil. Its Operating Income was $1,015 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,183 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2021 ) | / | Interest Expense (A: Dec. 2021 ) |
= | -1 | * | 1014.6 | / | -332.4 | |
= | 3.05 |
NiSource's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, NiSource's Interest Expense was $-85 Mil. Its Operating Income was $143 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,520 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 143.3 | / | -84.5 | |
= | 1.70 |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thank you for viewing the detailed overview of NiSource's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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