NiSource Inc (NI)

Current 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
Total current assets	US$ in thousands	2,080,200	1,616,000	1,943,800	2,060,200	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
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
Current ratio		0.51	0.46	0.78	0.66	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,080,200K ÷ $4,113,400K
= 0.51

NiSource Inc's current ratio has exhibited fluctuations over the period provided. The current ratio measures the company's ability to cover its short-term liabilities with its current assets, with a higher ratio generally indicating stronger liquidity and financial health.

From the data provided, we can observe that NiSource's current ratio has varied between 0.41 and 0.89. The ratio decreased from 0.78 on March 31, 2020, to 0.55 by December 31, 2022, which may indicate potential liquidity challenges or an increase in short-term liabilities relative to current assets during this period.

However, there were some periods of improvement in the current ratio. For example, the ratio increased to 0.85 by December 31, 2023, suggesting a strengthening of the company's ability to meet its short-term obligations with its current assets.

It's important to note that a current ratio below 1 may signal that the company may have difficulty meeting its short-term obligations with its current assets alone, although this can vary between industries.

Overall, while NiSource Inc's current ratio has shown fluctuations, further analysis and comparison with industry benchmarks and historical data would be necessary to gain a more comprehensive understanding of the company's liquidity position.