Market Cap : 12.68 B | Enterprise Value : 24.22 B | PE Ratio : 20.27 | PB Ratio : 2.25 |
---|
NYSE:NI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:NI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Warning Sign:
Altman Z-score of 0.69 is in distress zone. This implies bankruptcy possibility in the next two years.
NiSource has a Altman Z-Score of 0.69, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for NiSource's Altman Z-Score or its related term are showing as below:
During the past 13 years, NiSource's highest Altman Z-Score was 1.20. The lowest was 0.35. And the median was 0.60.
The historical data trend for NiSource's Altman Z-Score 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 Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score distribution charts can be found below:
* The bar in red indicates where NiSource's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
NiSource's Altman Z-Score for today is calculated with this formula:
Z | = | 1.2 | * | X1 | + | 1.4 | * | X2 | + | 3.3 | * | X3 | + | 0.6 | * | X4 | + | 1.0 | * | X5 |
= | 1.2 | * | -0.0445 | + | 1.4 | * | -0.0568 | + | 3.3 | * | 0.0485 | + | 0.6 | * | 0.7338 | + | 1.0 | * | 0.2186 | |
= | 0.69 |
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Trailing Twelve Months (TTM) ended in Jun. 2022:
Total Assets was $24,814 Mil.
Total Current Assets was $1,912 Mil.
Total Current Liabilities was $3,015 Mil.
Retained Earnings was $-1,409 Mil.
Pre-Tax Income was 67.8 + 527.5 + 200.4 + 77 = $873 Mil.
Interest Expense was -84.5 + -83.7 + -78.9 + -84.4 = $-332 Mil.
Revenue was 1183.2 + 1873.3 + 1408.6 + 959.4 = $5,425 Mil.
Market Cap (Today) was $12,676 Mil.
Total Liabilities was $17,273 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
X1 | = | Working Capital | / | Total Assets |
= | (Total Current Assets - Total Current Liabilities) | / | Total Assets | |
= | (1911.7 - 3015) | / | 24813.8 | |
= | -0.0445 |
X2 | = | Retained Earnings | / | Total Assets |
= | -1408.9 | / | 24813.8 | |
= | -0.0568 |
X3 | = | Earnings Before Interest and Taxes | / | Total Assets |
= | (Pre-Tax Income - Interest Expense) | / | Total Assets | |
= | (872.7 - -331.5) | / | 24813.8 | |
= | 0.0485 |
X4 | = | Market Value Equity | / | Book Value of Total Liabilities |
= | Market Cap | / | Total Liabilities | |
= | 12675.883 | / | 17273.4 | |
= | 0.7338 |
X5 | = | Revenue | / | Total Assets |
= | 5424.5 | / | 24813.8 | |
= | 0.2186 |
The zones of discrimination were as such:
Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones
NiSource has a Altman Z-Score of 0.69 indicating it is in Distress Zones.
Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Read more about Altman Z-Score and the original research.
Altman Z-Score does not apply to financial companies.
Thank you for viewing the detailed overview of NiSource's Altman Z-Score 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 |
Other Sources
By Zacks 2022-02-11
By Zacks 2022-02-25
By Zacks 2022-03-25
By tipranks.com 2022-03-08
By Zacks 2022-03-07
By tipranks.com 2022-03-08
By Zacks 2022-03-21
By Zacks 2022-01-03
By Zacks 2021-12-30
By Zacks 2022-01-03
By Zacks 2021-12-24
By Zacks 2022-02-22
By Zacks 2022-02-17
By Zacks 2022-01-07
By Zacks 2022-02-23