Nisource (NI) Debt Ratio (2009 - 2026)
Nisource's (NI) quarterly Debt Ratio came in at 0.42 in Q1 2026, down 0.83% YoY from 0.43 in Q1 2025, and down 6.37% on a QoQ basis from 0.45 in Q4 2025.
Nisource (NI) Debt Ratio (2009 - 2026) Analysis & Trends
Nisource (NI) has 18 years of Debt Ratio data on file, last reported at 0.42 in Q1 2026.
- Quarterly Debt Ratio fell 0.83% year-over-year to 0.42 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.42 (down 0.83% YoY) and the FY2025 annual result came in at 0.45, up 13.22% from the prior year.
- Debt Ratio declined to 0.42 in Q1 2026, from 0.45 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.46 in Q3 2025 to a low of 0.36 in Q4 2023.
- A 5-year average of 0.41 and a median of 0.42 in 2022 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio fell 15.54% — and 2025, when it grew 14.21%.
- Tracing NI's Debt Ratio over 5 years: stood at 0.42 in 2022, then decreased by 15.54% to 0.36 in 2023, then advanced by 11.88% to 0.4 in 2024, then grew by 13.22% to 0.45 in 2025, then slipped by 6.37% to 0.42 in 2026.
- The last three Debt Ratio figures came in at 0.42 (Q1 2026), 0.45 (Q4 2025), and 0.46 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.04 Bn | 28.51 Bn | - | 0.32 |
| 2 | Nisource | 20.20 Bn | 20.13 Bn | 867.50 Mn | 0.45 |
| 3 | Ugi | 8.24 Bn | 7.76 Bn | 573.00 Mn | 0.43 |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 0.43 |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | 0.40 |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 0.33 |
| 7 | Mdu Resources | 4.34 Bn | 4.29 Bn | - | 0.33 |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 0.42 |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | 0.30 |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.45 |
| Mar 31, 2026 | 0.42 |
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.40 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.43 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | 0.40 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.42 |
| Sep 30, 2022 | 0.37 |
| Jun 30, 2022 | 0.39 |
| Mar 31, 2022 | 0.38 |
| Dec 31, 2021 | 0.40 |
| Sep 30, 2021 | 0.41 |