NiSource Inc (NI)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 156,600 | 126,200 | 101,200 | 102,200 | 2,245,400 | 56,000 | 151,300 | 106,400 | 40,800 | 35,800 | 77,800 | 114,500 | 84,200 | 38,500 | 77,500 | 89,100 | 116,500 | 58,600 | 142,200 | 203,800 |
| Short-term investments | US$ in thousands | — | 14,800 | — | — | — | — | — | 150,400 | 151,600 | 157,800 | 149,800 | — | 171,800 | — | — | — | — | — | 9,000 | — |
| Total current liabilities | US$ in thousands | 4,113,400 | 3,485,500 | 2,508,000 | 3,125,000 | 5,265,100 | 4,395,400 | 4,091,200 | 3,906,900 | 4,660,500 | 3,911,100 | 3,015,000 | 2,594,600 | 2,746,200 | 2,246,600 | 1,706,900 | 2,258,800 | 2,279,400 | 3,446,800 | 3,227,700 | 4,161,800 |
| Cash ratio | 0.04 | 0.04 | 0.04 | 0.03 | 0.43 | 0.01 | 0.04 | 0.07 | 0.04 | 0.05 | 0.08 | 0.04 | 0.09 | 0.02 | 0.05 | 0.04 | 0.05 | 0.02 | 0.05 | 0.05 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($156,600K
+ $—K)
÷ $4,113,400K
= 0.04
The cash ratio of NiSource Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has shown fluctuations over the observed periods. The cash ratio has ranged from as low as 0.01 to as high as 0.43.
In assessing the company's liquidity position, a higher cash ratio is generally preferred as it indicates a stronger ability to meet short-term obligations. NiSource Inc demonstrated its highest cash ratio of 0.43 at the end of December 31, 2023, suggesting a robust liquidity position at that time. Conversely, the lowest cash ratio of 0.01 observed on September 30, 2023, may indicate potential liquidity constraints.
It is notable that the cash ratio exhibited variability within a relatively narrow range in some quarters, such as maintaining a consistent ratio of around 0.04 in several periods. This could imply stabilization in the company's liquidity management practices during those intervals.
Overall, monitoring NiSource Inc's cash ratio trends across multiple reporting periods could provide insights into the company's liquidity management strategy and financial health.
Peer comparison
Dec 31, 2024