NiSource Minority Interest vs Tax Provision Analysis
NI Stock | USD 28.63 0.27 0.93% |
NiSource financial indicator trend analysis is infinitely more than just investigating NiSource recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NiSource is a good investment. Please check the relationship between NiSource Minority Interest and its Tax Provision accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.
Minority Interest vs Tax Provision
Minority Interest vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NiSource Minority Interest account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NiSource's Minority Interest and Tax Provision is -0.04. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Tax Provision in the same time period over historical financial statements of NiSource, assuming nothing else is changed. The correlation between historical values of NiSource's Minority Interest and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of NiSource are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Minority Interest i.e., NiSource's Minority Interest and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of NiSource whose combined shares represent less than 50% of the total outstanding shares issued by NiSource have a minority interest in NiSource.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from NiSource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NiSource current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.The current Selling General Administrative is estimated to decrease to about 22.8 M. The current Discontinued Operations is estimated to decrease to about 85.5 K
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.1B | 2.3B | 2.5B | 3.5B | Total Revenue | 4.9B | 5.9B | 5.5B | 5.0B |
NiSource fundamental ratios Correlations
Click cells to compare fundamentals
NiSource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NiSource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 376.0M | 384.3M | 417.3M | 442.7M | 447.9M | 263.6M | |
Total Assets | 22.7B | 22.0B | 24.2B | 26.7B | 31.1B | 19.2B | |
Short Long Term Debt Total | 9.6B | 9.7B | 9.8B | 11.7B | 14.1B | 7.8B | |
Other Current Liab | 1.0B | 920.8M | 1.2B | 1.3B | 1.1B | 1.2B | |
Total Current Liabilities | 3.7B | 2.3B | 2.7B | 4.7B | 5.3B | 3.5B | |
Total Stockholder Equity | 6.0B | 5.8B | 6.9B | 7.6B | 8.3B | 4.9B | |
Property Plant And Equipment Net | 16.9B | 16.6B | 17.9B | 19.8B | 22.3B | 12.3B | |
Current Deferred Revenue | 256.4M | 243.3M | 237.9M | 324.7M | 294.4M | 242.8M | |
Net Debt | 9.5B | 9.6B | 9.7B | 11.6B | 11.9B | 7.7B | |
Retained Earnings | (1.4B) | (1.8B) | (1.6B) | (1.2B) | (967M) | (918.7M) | |
Accounts Payable | 666M | 589M | 697.8M | 899.5M | 749.4M | 629.6M | |
Cash | 139.3M | 116.5M | 84.2M | 40.8M | 2.2B | 2.4B | |
Non Current Assets Total | 20.8B | 20.4B | 22.2B | 24.2B | 26.6B | 17.0B | |
Non Currrent Assets Other | 764.5M | 553.1M | 949.3M | 2.6B | 1.8B | 1.9B | |
Cash And Short Term Investments | 139.3M | 116.5M | 84.2M | 40.8M | 2.2B | 2.4B | |
Net Receivables | 905.4M | 825.4M | 925.2M | 1.2B | 928M | 942.9M | |
Liabilities And Stockholders Equity | 22.7B | 22.0B | 24.2B | 26.7B | 31.1B | 19.2B | |
Non Current Liabilities Total | 12.9B | 13.9B | 14.1B | 14.2B | 15.7B | 10.9B | |
Inventory | 424.7M | 401.1M | 498.7M | 751.9M | 503.2M | 499.5M | |
Other Current Assets | 225.7M | 135.7M | 206.2M | 233.2M | 332.9M | 385.2M | |
Other Stockholder Equity | 6.6B | 6.8B | 7.1B | 7.3B | 8.8B | 9.2B | |
Total Liab | 16.7B | 16.2B | 16.9B | 18.8B | 20.9B | 14.2B | |
Total Current Assets | 1.9B | 1.7B | 1.9B | 2.6B | 4.5B | 2.3B | |
Accumulated Other Comprehensive Income | (92.6M) | (156.7M) | (126.8M) | (37.1M) | (33.6M) | (35.3M) | |
Short Term Debt | 1.8B | 526.3M | 618.1M | 2.1B | 3.1B | 3.2B | |
Other Liab | 4.9B | 4.6B | 5.0B | 4.6B | 5.3B | 3.6B | |
Other Assets | 2.3B | 2.0B | 2.6B | 2.6B | 63.6M | 60.4M | |
Long Term Debt | 7.9B | 9.0B | 9.2B | 9.5B | 11.1B | 7.5B | |
Property Plant Equipment | 17.0B | 39.9M | 17.9B | 35.7M | 41.1M | 39.0M | |
Property Plant And Equipment Gross | 16.9B | 16.6B | 25.2B | 27.6B | 30.5B | 15.6B | |
Net Tangible Assets | 13.0B | 14.1B | 14.6B | 15.6B | 17.9B | 13.9B | |
Retained Earnings Total Equity | (1.4B) | (1.8B) | (1.6B) | (1.2B) | (1.1B) | (1.0B) |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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Is NiSource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NiSource. If investors know NiSource will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NiSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 1.015 | Earnings Share 1.48 | Revenue Per Share 13.231 | Quarterly Revenue Growth (0.17) |
The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NiSource's market value can be influenced by many factors that don't directly affect NiSource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.