Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. NiSource's Total Liabilities for the quarter that ended in Dec. 2023 was $20,941 Mil. NiSource's Total Assets for the quarter that ended in Dec. 2023 was $31,077 Mil.
Therefore, NiSource's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.67.
NiSource Liabilities-to-Assets Historical Data
The historical data trend for NiSource's Liabilities-to-Assets 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.
Competitive Comparison of NiSource's Liabilities-to-Assets
For the Utilities - Regulated Gas subindustry, NiSource's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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's Liabilities-to-Assets Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NiSource's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where NiSource's Liabilities-to-Assets falls into.
NiSource Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
NiSource's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
NiSource Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of NiSource's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NI has been successfully added to your 