NiSource (BSP:N1IS34) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is NiSource LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. NiSource's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

NiSource's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.36) to Dec. 2023 (0.36).

NiSource LT-Debt-to-Total-Asset Historical Data

The historical data trend for NiSource's LT-Debt-to-Total-Asset 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.

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NiSource LT-Debt-to-Total-Asset Chart

NiSource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.43

0.39

0.36

NiSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.38	0.40	0.40	0.36

NiSource LT-Debt-to-Total-Asset Calculation

NiSource's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	54169.739	/	152272.065
	=	0.36

NiSource's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	54169.739	/	152272.065
	=	0.36

NiSource (BSP:N1IS34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

NiSource LT-Debt-to-Total-Asset Related Terms

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NiSource (BSP:N1IS34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NiSource Inc (BSP:N1IS34) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NIpB.PFD:USA NI:USA NOU:Germany

Address

801 East 86th Avenue, Merrillville, IN, USA, 46410

Website

https://www.nisource.com

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 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, including coal, natural gas, and renewable energy.

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