NiSource Inc (NI)

Debt-to-equity ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 12,505,200 10,370,900 8,479,400 10,415,700 11,034,200
Total stockholders’ equity US$ in thousands 8,684,200 8,269,600 7,575,400 6,947,300 5,752,200
Debt-to-equity ratio 1.44 1.25 1.12 1.50 1.92

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,505,200K ÷ $8,684,200K
= 1.44

NiSource Inc's debt-to-equity ratio has shown fluctuations over the years based on the provided data. As of December 31, 2020, the company had a debt-to-equity ratio of 1.92, indicating that the company had higher debt relative to its equity.

Over the following years, there was a decreasing trend in the debt-to-equity ratio, reaching 1.12 as of December 31, 2022. This suggests that NiSource Inc was effectively reducing its debt levels in relation to its equity, which can be a positive sign of financial health and improved risk management.

However, there was a slight increase in the ratio to 1.25 as of December 31, 2023 and further to 1.44 by December 31, 2024. These increases could indicate that the company may be taking on more debt relative to its equity, which could lead to increased financial risk.

Overall, it is important for investors and stakeholders to monitor NiSource Inc's debt-to-equity ratio over time to assess the company's capital structure, financial leverage, and risk profile.