NiSource Inc (NI) - Total Assets
Based on the latest financial reports, NiSource Inc (NI) holds total assets worth $36.60 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore NiSource Inc cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
NiSource Inc - Total Assets Trend (1994–2025)
This chart illustrates how NiSource Inc's total assets have evolved over time, based on quarterly financial data. See shareholders equity of NiSource Inc for net asset value and shareholders' equity analysis.
NiSource Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
NiSource Inc's total assets of $36.60 Billion consist of 6.5% current assets and 93.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $110.10 Million | 0.4% |
| Accounts Receivable | $1.26 Billion | 3.5% |
| Inventory | $449.50 Million | 1.2% |
| Property, Plant & Equipment | $25.80 Million | 0.1% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $1.49 Billion | 4.1% |
Asset Composition Trend (1994–2025)
This chart illustrates how NiSource Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see NI market cap.
Key Asset Composition Facts
- Current vs. Non-Current Assets: NiSource Inc's current assets represent 6.5% of total assets in 2025, a decrease from 8.3% in 1994.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2025, down from 1.0% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 1994.
- Asset Diversification: The largest asset category is goodwill at 4.1% of total assets.
NiSource Inc Competitors by Total Assets
Key competitors of NiSource Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
Brazil | R$14.87 Billion |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
China | CN¥5.89 Billion |
|
Xinjiang East Universe Group Gas Co Ltd
SHG:603706
|
China | CN¥2.59 Billion |
|
Empresas Gasco S.A
SN:GASCO
|
Chile | CL$1.11 Trillion |
|
Distribuidora de Gas Cuyana SA
BA:DGCU2
|
Argentina | AR$352.75 Billion |
|
Equus Energy Ltd
AU:EQU
|
Australia | AU$17.27 Million |
|
GREENHY2 Ltd
AU:H2G
|
Australia | AU$4.37 Million |
|
Metrogas SA
BA:METR
|
Argentina | AR$1.39 Trillion |
NiSource Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.65 | 0.52 | 0.81 |
| Quick Ratio | 0.56 | 0.45 | 0.62 |
| Cash Ratio | 0.00 | 0.06 | 0.05 |
| Working Capital | $-1.32 Billion | $-2.06 Billion | $-322.70 Million |
NiSource Inc - Advanced Valuation Insights
This section examines the relationship between NiSource Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.30 |
| Latest Market Cap to Assets Ratio | 0.60 |
| Asset Growth Rate (YoY) | 15.0% |
| Total Assets | $36.55 Billion |
| Market Capitalization | $21.75 Billion USD |
Valuation Analysis
Below Book Valuation: The market values NiSource Inc's assets below their book value (0.60x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: NiSource Inc's assets grew by 15.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for NiSource Inc (1994–2025)
The table below shows the annual total assets of NiSource Inc from 1994 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $36.55 Billion | +14.99% |
| 2024-12-31 | $31.79 Billion | +2.29% |
| 2023-12-31 | $31.08 Billion | +16.23% |
| 2022-12-31 | $26.74 Billion | +10.68% |
| 2021-12-31 | $24.16 Billion | +9.60% |
| 2020-12-31 | $22.04 Billion | -2.73% |
| 2019-12-31 | $22.66 Billion | +3.92% |
| 2018-12-31 | $21.80 Billion | +9.23% |
| 2017-12-31 | $19.96 Billion | +6.79% |
| 2016-12-31 | $18.69 Billion | +6.86% |
| 2015-12-31 | $17.49 Billion | -29.65% |
| 2014-12-31 | $24.87 Billion | +9.77% |
| 2013-12-31 | $22.65 Billion | +3.70% |
| 2012-12-31 | $21.84 Billion | +5.49% |
| 2011-12-31 | $20.71 Billion | +3.86% |
| 2010-12-31 | $19.94 Billion | +3.46% |
| 2009-12-31 | $19.27 Billion | -3.80% |
| 2008-12-31 | $20.03 Billion | +11.26% |
| 2007-12-31 | $18.00 Billion | -0.84% |
| 2006-12-31 | $18.16 Billion | +1.10% |
| 2005-12-31 | $17.96 Billion | +5.71% |
| 2004-12-31 | $16.99 Billion | +2.19% |
| 2003-12-31 | $16.62 Billion | -1.62% |
| 2002-12-31 | $16.90 Billion | -2.75% |
| 2001-12-31 | $17.37 Billion | -11.79% |
| 2000-12-31 | $19.70 Billion | +188.17% |
| 1999-12-31 | $6.84 Billion | +37.07% |
| 1998-12-31 | $4.99 Billion | +1.00% |
| 1997-12-31 | $4.94 Billion | +15.50% |
| 1996-12-31 | $4.27 Billion | +6.87% |
| 1995-12-31 | $4.00 Billion | +1.39% |
| 1994-12-31 | $3.94 Billion | -- |
About NiSource Inc
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service … Read more