NiSource, Inc NI
39.42
0.30
0.77%
as of 25 Sep
- Market cap
- $18.8B
- P/E
- 21.0×
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NiSource, Inc (NI) Debt to equity
NiSource, Inc's debt to equity at the end of the quarter to 30 June 2026 was 1.5×, up 0.1× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 1.3× (fiscal 2024) to 2.1× (fiscal 2017); the current reading is higher than 27% of that period. That is above the Utilities Regulated Gas industry median of 1.2× and above the Utilities sector median of 1.2×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.4× | 6.26% |
| FY2024 | 1.3× | (6.11%) |
| FY2023 | 1.4× | (2.67%) |
| FY2022 | 1.4× | 6.26% |
| FY2021 | 1.3× | (19.28%) |
| FY2020 | 1.7× | 3.65% |
| FY2019 | 1.6× | 1.43% |
| FY2018 | 1.6× | (23.79%) |
| FY2017 | 2.1× | 7.26% |
| FY2016 | 1.9× | 7.44% |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.5× | 4.08% |
| Mar 2026 | 1.4× | 1.09% |
| Dec 2025 | 1.4× | (0.83%) |
| Sep 2025 | 1.4× | (2.14%) |
| 42 more quarters | Free account |
Against its own ten years
Low 1.3×
High 2.1×
Ten-year median
1.6×
Current reading's percentile
27
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| ATO Atmos Energy Corporation compare | 0.7× |
| OGS ONE Gas, Inc. compare | 0.7× |
| SWX Southwest Gas Corporation compare | 0.9× |
| MDU MDU Resources Group, Inc. compare | 0.9× |
| BKH Black Hills Corporation compare | 1.1× |
| UGI UGI Corporation compare | 1.3× |
| NJR NewJersey Resources Corporation compare | 1.4× |
| NI NiSource, Inc | 1.5× |
| SR Spire Inc. compare | 1.7× |
| Utilities Regulated Gas industry median | 1.2× |
| Utilities sector median | 1.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on NI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
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- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- The full statement