Discontinued — last reported Q4 '23
Business Segments · Allowance for Credit Loss
Gas Distribution Operations — Allowance for Credit Loss
NiSource Gas Distribution Operations — Allowance for Credit Loss decreased by 7.0% to $16.00M in Q4 2023 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2019
Last reportedQ4 2023Feb 21, 2024
Rolls up toNet loans
How to read this metric
An increase suggests rising credit risk or economic hardship among customers, while a decrease indicates improved collection efficiency or better economic conditions.
Detailed definition
This represents the estimated amount of accounts receivable that the company expects will not be collected from customer...
Peer comparison
Standard accounting practice for all utilities; levels are typically low but sensitive to regional economic cycles.
Metric ID:
ni_segment_gas_distribution_operations_allowance_for_credit_lossHistorical Data
4 periods
| Q2 '21 | Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|---|
| Value | $35.40M | $18.90M | $17.20M | $16.00M |
| QoQ Change | — | -46.6% | -9.0% | -7.0% |
| YoY Change | — | — | -9.0% | -7.0% |
Range$16.00M – $35.40M
Avg YoY Growth-8.0%
Median YoY Growth-8.0%
Current Streak3+ quarters decline
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Frequently Asked Questions
- What is NiSource's gas distribution operations — allowance for credit loss?
- NiSource (NI) reported gas distribution operations — allowance for credit loss of $16.00M in Q4 2023.
- What does gas distribution operations — allowance for credit loss mean?
- The estimated portion of customer bills that the company expects will go unpaid.