NiSource Inc (NI)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 31,077,200 | 26,736,600 | 24,156,900 | 22,040,500 | 22,659,800 |
| Total stockholders’ equity | US$ in thousands | 8,269,600 | 7,575,400 | 6,947,300 | 5,752,200 | 5,986,700 |
| Financial leverage ratio | 3.76 | 3.53 | 3.48 | 3.83 | 3.79 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $31,077,200K ÷ $8,269,600K
= 3.76
The financial leverage ratio of NiSource Inc has displayed fluctuations over the past five years. The ratio was relatively stable between 2021 and 2022, indicating a moderate level of leverage during this period. However, there was a notable increase in the ratio in 2020, suggesting a higher degree of financial leverage at that time. Subsequently, the ratio decreased in 2023 compared to 2020, but still remained higher than the levels seen in 2021 and 2022. Overall, the trend indicates some variability in NiSource's financial leverage position, with potential implications for its capital structure and risk profile.
Peer comparison
Dec 31, 2023