NiSource Inc (NI)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	4,499,400	1,815,400	1,856,900	2,336,500	2,584,300	2,228,600	1,911,700	1,871,900	1,920,800	1,471,400	1,384,200	1,593,500	1,659,400	2,820,800	2,859,600	3,225,400	1,853,900	1,378,300	1,578,000	1,915,800
Total current liabilities	US$ in thousands	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	3,745,800	3,339,700	3,813,700	4,015,200
Current ratio		0.85	0.41	0.45	0.60	0.55	0.57	0.63	0.72	0.70	0.65	0.81	0.71	0.73	0.82	0.89	0.78	0.49	0.41	0.41	0.48

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,499,400K ÷ $5,265,100K
= 0.85

The current ratio of NiSource Inc has shown fluctuating trend over the past eight quarters. As of Q4 2023, the current ratio stands at 0.85, indicating that the company has $0.85 in current assets for every $1 in current liabilities. This represents a significant improvement from Q3 2023, where the current ratio was only 0.41, suggesting a sharp increase in the company's liquidity position.

However, it's worth noting that despite the improvement in Q4 2023, the current ratio is still lower than the levels seen in Q1 and Q2 2022, where it was 0.60 and 0.63 respectively. This may raise some concerns about the company's ability to meet its short-term obligations.

Overall, while the current ratio of NiSource Inc has improved in Q4 2023, investors and creditors should monitor future trends to assess the company's liquidity position and ability to manage its current liabilities effectively.