Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 45.81% is in line with its 5-year average of 43.92%, near the high end of its 5-year range (40.05%–47.64%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.76% above its 12-month average of 45.47%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
45.81%
DEBT TO ASSETS RATIO AVG TTM
45.47%
DEBT TO ASSETS RATIO AVG 3Y
45.16%
DEBT TO ASSETS RATIO AVG 5Y
43.92%
DEBT TO ASSETS RATIO AVG 10Y
43.55%
DEBT TO ASSETS RATIO AVG 15Y
41.83%
DEBT TO ASSETS RATIO AVG 20Y
40.45%
CURRENT VS TTM AVG
+0.76%
CURRENT VS 3Y AVG
+1.44%
CURRENT VS 5Y AVG
+4.30%
CURRENT VS 10Y AVG
+5.20%
CURRENT VS 15Y AVG
+9.52%
CURRENT VS 20Y AVG
+13.24%
SECTOR MEDIAN · UTILITIES
0.43%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+10553.35%
vs the sector median at left
NiSource Inc
Market Cap
$21.40B
Debt to Assets Ratio
45.81%
TTM Avg
45.47%
3Y Avg
45.16%
5Y Avg
43.92%
Market Cap
$22.65B
Debt to Assets Ratio
0.47%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$18.27B
Debt to Assets Ratio
0.48%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.91B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$15.17B
Debt to Assets Ratio
0.63%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$27.80B
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NiSource Inc (NI) | $21.40B | 45.81% | 45.47% | 45.16% | 43.92% |
| CMS Energy Corporation (CMS)vs › | $22.65B | 0.47% | N/A | N/A | N/A |
| Evergy, Inc. (EVRG)vs › | $19.18B | 0.44% | N/A | N/A | N/A |
| Alliant Energy Corporation (LNT)vs › | $18.27B | 0.48% | N/A | N/A | N/A |
| PPL Corporation (PPL)vs › | $26.60B | 0.43% | N/A | N/A | N/A |
| American Water Works Company, Inc. (AWK)vs › | $26.91B | 0.44% | N/A | N/A | N/A |
| Eversource Energy (ES)vs › | $27.12B | 0.47% | N/A | N/A | N/A |
| Talen Energy Corporation (TLN)vs › | $15.17B | 0.63% | N/A | N/A | N/A |
| CenterPoint Energy, Inc. (CNP)vs › | $27.80B | 0.49% | N/A | N/A | N/A |
| NRG Energy, Inc. (NRG)vs › | $28.04B | 0.58% | N/A | N/A | N/A |
Debt/Assets
45.8%
Debt/Equity
1.72
Current Ratio
0.69
Interest Coverage
2.9x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 45.81% |
| 2025-12-31 | 44.43% |
| 2025-09-30 | 45.82% |
| 2025-06-30 | 46.30% |
| 2025-03-31 | 44.96% |
| 2024-12-31 | 43.92% |
| 2024-09-30 | 44.16% |
| 2024-06-30 | 45.08% |
| 2024-03-31 | 44.21% |
| 2023-12-31 | 45.46% |
| 2023-09-30 | 47.64% |
| 2023-06-30 | 46.16% |
| 2023-03-31 | 43.11% |
| 2022-12-31 | 43.11% |
| 2022-09-30 | 42.32% |
| 2022-06-30 | 40.75% |
| 2022-03-31 | 40.05% |
| 2021-12-31 | 41.37% |
| 2021-09-30 | 42.25% |
| 2021-06-30 | 41.44% |
| 2021-03-31 | 44.01% |
| 2020-12-31 | 45.13% |
| 2020-09-30 | 46.77% |
| 2020-06-30 | 44.52% |
| 2020-03-31 | 43.70% |
| 2019-12-31 | 42.78% |
| 2019-09-30 | 42.83% |
| 2019-06-30 | 41.87% |
| 2019-03-31 | 42.22% |
| 2018-12-31 | 41.88% |
| 2018-09-30 | 42.29% |
| 2018-06-30 | 40.82% |
| 2018-03-31 | 45.36% |
| 2017-12-31 | 45.10% |
| 2017-09-30 | 44.90% |
| 2017-06-30 | 43.78% |
| 2017-03-31 | 42.47% |
| 2016-12-31 | 42.31% |
| 2016-09-30 | 42.83% |
| 2016-06-30 | 41.27% |
| 2016-03-31 | 40.15% |
| 2015-12-31 | 39.99% |
| 2015-09-30 | 39.18% |
| 2015-06-30 | 37.04% |
| 2015-03-31 | 35.08% |
| 2014-12-31 | 40.19% |
| 2014-09-30 | 41.03% |
| 2014-06-30 | 39.86% |
| 2014-03-31 | 38.87% |
| 2013-12-31 | 39.00% |
| 2013-09-30 | 38.27% |
| 2013-06-30 | 37.30% |
| 2013-03-31 | 37.09% |
| 2012-12-31 | 37.09% |
| 2012-09-30 | 37.76% |
| 2012-06-30 | 38.71% |
| 2012-03-31 | 38.39% |
| 2011-12-31 | 38.41% |
| 2011-09-30 | 38.39% |
| 2011-06-30 | 37.43% |
| 2011-03-31 | 37.10% |
| 2010-12-31 | 37.05% |
| 2010-09-30 | 37.98% |
| 2010-06-30 | 36.27% |
| 2010-03-31 | 36.47% |
| 2009-12-31 | 35.24% |
| 2009-09-30 | 37.10% |
| 2009-06-30 | 36.35% |
| 2009-03-31 | 35.60% |
| 2008-12-31 | 37.82% |
| 2008-09-30 | 39.83% |
| 2008-06-30 | 35.50% |
| 2008-03-31 | 33.52% |
| 2007-12-31 | 37.15% |
| 2007-09-30 | 37.72% |
| 2007-06-30 | 35.43% |
| 2007-03-31 | 33.40% |
| 2006-12-31 | 35.43% |
| 2006-09-30 | 37.51% |
| 2006-06-30 | 35.26% |
| 2006-03-31 | 34.46% |
| 2005-12-31 | 36.81% |
| 2005-09-30 | 38.88% |
| 2005-06-30 | 36.86% |
| 2005-03-31 | 35.72% |
| 2004-12-31 | 37.93% |
| 2004-09-30 | 40.31% |
| 2004-06-30 | 38.01% |
| 2004-03-31 | 38.15% |
| 2003-12-31 | 40.89% |
| 2003-09-30 | 43.50% |
| 2003-06-30 | 41.33% |
| 2003-03-31 | 38.66% |
| 2002-12-31 | 41.35% |
| 2002-09-30 | 47.02% |
| 2002-06-30 | 45.50% |
