Is it safe?
Can NI take a bad year?
NiSource carries $17.3B of net debt at 5.53× EBITDA: a heavy load to carry through a bad year.
$17.3B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.53×
Net debt / EBITDA · 5.61× a year ago · the load is coming down
- Altman Z-score
- 0.87
Altman Z-score · distress zone, below 1.8
- Cash runway
- 0.1 years
Cash runway · burning $272M a quarter at the current rate
Details›
- Total debtQ2 2026
- $17.4B
- Cash and short-term investments
- $70M
- Net debt
- $17.3B
- EBITDA, trailing twelve months
- $3.13B
- Operating profit, trailing twelve months
- $1.86B
- Debt / equity
- 1.82×
- Total debt / EBITDA
- 5.55×
- Annualised volatilitytwo years of daily moves
- 19%
- Worst drawdown on file
- −31%
- Below its 52-week high
- −15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Gas
Ranks #6 of 13 by Smart Score