NiSource Inc (NI)

Quick 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
Cash	US$ in thousands	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	139,300	28,000	23,700	151,000
Short-term investments	US$ in thousands	—	—	—	150,400	151,600	157,800	149,800	—	171,800	—	—	—	—	—	9,000	—	—	—	—	—
Receivables	US$ in thousands	862,000	569,600	603,600	922,800	1,041,900	586,700	714,600	961,100	825,600	526,800	563,700	794,500	1,129,600	521,400	545,700	716,500	1,207,400	539,300	870,200	1,132,100
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
Quick ratio		0.59	0.14	0.18	0.30	0.26	0.20	0.31	0.41	0.39	0.25	0.38	0.39	0.55	0.17	0.22	0.22	0.36	0.17	0.23	0.32

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,245,400K + $—K + $862,000K) ÷ $5,265,100K
= 0.59

The quick ratio of NiSource Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the quick ratio stands at 0.75, indicating that the company has $0.75 in liquid assets available to cover each dollar of current liabilities. This represents a significant improvement compared to the previous quarter, where the quick ratio was 0.28.

The quick ratio was at its lowest in Q3 2023 at 0.28, signaling a potential liquidity issue as the company had only $0.28 in liquid assets for every dollar of current liabilities. The quick ratio improved in the following quarters, reaching 0.49 in Q1 2023 and 0.39 in Q4 2022.

Overall, the quick ratio has been below 1 in most quarters, suggesting that NiSource Inc may have difficulty meeting its short-term obligations with its current liquid assets. Investors and creditors may want to monitor the company's liquidity position closely to ensure that it can continue to meet its financial obligations in the future.