Nisource annual debt-to-equity ratio
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Nisource Debt-to-Equity Ratio Growth & History (NI)
Nisource's debt-to-equity ratio was 1.72 for fiscal 2025.
View full Nisource company overviewNisource annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.72 | 0.25 | +17.31% |
| 2024 | 2024-12-31 | 1.46 | −0.25 | −14.42% |
| 2023 | 2023-12-31 | 1.71 | 0.22 | +14.39% |
| 2022 | 2022-12-31 | 1.49 | 0.09 | +6.19% |
| 2021 | 2021-12-31 | 1.41 | −0.29 | −17.08% |
| 2020 | 2020-12-31 | 1.70 | 0.08 | +4.82% |
| 2019 | 2019-12-31 | 1.62 | 0.04 | +2.53% |
| 2018 | 2018-12-31 | 1.58 | −0.44 | −21.74% |
| 2017 | 2017-12-31 | 2.02 | 0.16 | +8.87% |
| 2016 | 2016-12-31 | 1.85 | 0.16 | +9.33% |
| 2015 | 2015-12-31 | 1.70 | 0.12 | +7.61% |
| 2014 | 2014-12-31 | 1.58 | 0.17 | +11.84% |
| 2013 | 2013-12-31 | 1.41 | 0.13 | +10.19% |
| 2012 | 2012-12-31 | 1.28 | −0.04 | −3.21% |
| 2011 | 2011-12-31 | 1.32 | −0.17 | −11.62% |
| 2010 | 2010-12-31 | 1.49 | 0.24 | +19.06% |
| 2009 | 2009-12-31 | 1.26 | — | — |
Nisource quarterly debt-to-equity ratio
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q3.13
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Q2.17
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Q4.17
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Q2.18
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Q4.18
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Q4.22
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.70 | 0.07 | +4.51% |
| Q1 2026 | 2026-03-31 | 1.73 | 0.21 | +13.42% |
| Q4 2025 | 2025-12-31 | 1.72 | 0.25 | +17.31% |
| Q3 2025 | 2025-09-30 | 1.73 | 0.25 | +16.65% |
| Q2 2025 | 2025-06-30 | 1.63 | −0.08 | −4.69% |
| Q1 2025 | 2025-03-31 | 1.53 | −0.11 | −6.75% |
| Q4 2024 | 2024-12-31 | 1.46 | −0.25 | −14.42% |
| Q3 2024 | 2024-09-30 | 1.48 | −0.36 | −19.37% |
| Q2 2024 | 2024-06-30 | 1.71 | −0.03 | −1.83% |
| Q1 2024 | 2024-03-31 | 1.64 | 0.14 | +8.98% |
| Q4 2023 | 2023-12-31 | 1.71 | 0.22 | +14.39% |
| Q3 2023 | 2023-09-30 | 1.83 | 0.33 | +22.25% |
| Q2 2023 | 2023-06-30 | 1.74 | 0.35 | +24.89% |
| Q1 2023 | 2023-03-31 | 1.50 | 0.16 | +11.71% |
| Q4 2022 | 2022-12-31 | 1.49 | 0.09 | +6.19% |
| Q3 2022 | 2022-09-30 | 1.50 | 0.03 | +1.86% |
| Q2 2022 | 2022-06-30 | 1.39 | −0.02 | −1.14% |
| Q1 2022 | 2022-03-31 | 1.35 | −0.29 | −17.83% |
| Q4 2021 | 2021-12-31 | 1.41 | −0.29 | −17.08% |
| Q3 2021 | 2021-09-30 | 1.47 | −0.48 | −24.58% |
| Q2 2021 | 2021-06-30 | 1.41 | −0.35 | −19.92% |
| Q1 2021 | 2021-03-31 | 1.64 | −0.08 | −4.60% |
| Q4 2020 | 2020-12-31 | 1.70 | 0.08 | +4.82% |
| Q3 2020 | 2020-09-30 | 1.95 | 0.32 | +19.88% |
| Q2 2020 | 2020-06-30 | 1.76 | 0.21 | +13.82% |
| Q1 2020 | 2020-03-31 | 1.72 | 0.12 | +7.42% |
| Q4 2019 | 2019-12-31 | 1.62 | 0.04 | +2.53% |
| Q3 2019 | 2019-09-30 | 1.63 | −0.09 | −5.03% |
| Q2 2019 | 2019-06-30 | 1.55 | 0.14 | +9.91% |
| Q1 2019 | 2019-03-31 | 1.60 | −0.37 | −18.60% |
| Q4 2018 | 2018-12-31 | 1.58 | −0.44 | −21.74% |
| Q3 2018 | 2018-09-30 | 1.72 | −0.20 | −10.47% |
| Q2 2018 | 2018-06-30 | 1.41 | −0.45 | −24.40% |
| Q1 2018 | 2018-03-31 | 1.96 | 0.27 | +15.91% |
| Q4 2017 | 2017-12-31 | 2.02 | 0.16 | +8.87% |
| Q3 2017 | 2017-09-30 | 1.92 | 0.04 | +2.09% |
| Q2 2017 | 2017-06-30 | 1.86 | 0.04 | +2.00% |
| Q1 2017 | 2017-03-31 | 1.70 | −0.05 | −2.76% |
| Q4 2016 | 2016-12-31 | 1.85 | 0.16 | +9.33% |
| Q3 2016 | 2016-09-30 | 1.88 | 0.24 | +14.31% |
| Q2 2016 | 2016-06-30 | 1.83 | 0.44 | +31.37% |
| Q1 2016 | 2016-03-31 | 1.74 | 0.48 | +37.49% |
| Q4 2015 | 2015-12-31 | 1.70 | 0.12 | +7.61% |
| Q3 2015 | 2015-09-30 | 1.64 | 0.03 | +1.61% |
| Q2 2015 | 2015-06-30 | 1.39 | −0.06 | −4.15% |
| Q1 2015 | 2015-03-31 | 1.27 | −0.14 | −9.79% |
| Q4 2014 | 2014-12-31 | 1.58 | 0.17 | +11.84% |
| Q3 2014 | 2014-09-30 | 1.62 | 0.35 | +27.96% |
| Q2 2014 | 2014-06-30 | 1.45 | 0.15 | +11.75% |
| Q1 2014 | 2014-03-31 | 1.41 | 0.23 | +19.39% |
| Q4 2013 | 2013-12-31 | 1.41 | 0.13 | +10.19% |
| Q3 2013 | 2013-09-30 | 1.26 | −0.10 | −7.65% |
| Q2 2013 | 2013-06-30 | 1.30 | 1.30 | +90650.62% |
| Q1 2013 | 2013-03-31 | 1.18 | −0.22 | −15.74% |
| Q4 2012 | 2012-12-31 | 1.28 | −0.04 | −3.21% |
| Q3 2012 | 2012-09-30 | 1.37 | 0.11 | +8.33% |
| Q2 2012 | 2012-06-30 | 0.00 | −1.44 | −99.90% |
| Q1 2012 | 2012-03-31 | 1.40 | −0.04 | −2.57% |
| Q4 2011 | 2011-12-31 | 1.32 | −0.17 | −11.62% |
| Q3 2011 | 2011-09-30 | 1.26 | −0.11 | −7.93% |
| Q2 2011 | 2011-06-30 | 1.44 | 0.17 | +13.79% |
| Q1 2011 | 2011-03-31 | 1.43 | — | — |
| Q4 2010 | 2010-12-31 | 1.49 | 0.24 | +19.46% |
| Q3 2010 | 2010-09-30 | 1.37 | — | — |
| Q2 2010 | 2010-06-30 | 1.26 | — | — |
| Q4 2009 | 2009-12-31 | 1.25 | — | — |
Nisource debt-to-equity ratio trends
Over the last five fiscal years, Nisource's debt-to-equity ratio increased from 1.70 to 1.72, a change of 0.02. The latest reported quarter, Q2 2026, shows 1.70.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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