NiSource Inc (NI)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | 964,200 | 572,000 | 624,000 | 845,600 | 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 |
| 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 |
| Quick ratio | 0.27 | 0.20 | 0.29 | 0.30 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($156,600K
+ $—K
+ $964,200K)
÷ $4,113,400K
= 0.27
The quick ratio of NiSource Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was consistently low in 2020, hovering around 0.2, indicating potential liquidity issues. However, there was a notable improvement by the end of 2020, with the quick ratio increasing to 0.55, suggesting a better ability to cover short-term liabilities.
In 2021 and 2022, the quick ratio remained relatively stable, ranging between 0.25 and 0.41. This indicates that NiSource Inc maintained a moderate ability to meet its short-term obligations with its liquid assets during this period.
There was a decline in the quick ratio in the first half of 2023, dropping to 0.18 by June 30, 2023. This could be a sign of potential liquidity challenges or a change in the company's asset composition.
By the end of 2023, the quick ratio significantly improved to 0.59, indicating a strong ability to cover short-term liabilities with liquid assets. The ratio remained relatively stable in the first half of 2024, ranging from 0.27 to 0.30.
Overall, the trend in NiSource Inc's quick ratio shows variability in its ability to meet short-term obligations with liquid assets. It is important for stakeholders to monitor this ratio closely to assess the company's short-term liquidity position.
Peer comparison
Dec 31, 2024