NiSource, Inc NI

39.42 0.30 0.77% as of 25 Sep
Market cap
$18.8B
P/E
21.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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)

The full definition of Debt to equity →

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