Debt-to-Equity Ratio
Updated 128h ago
Sector Performance
82th percentileNI
1.74x
Sector Median
0.73x
Sector Avg
0.09x
Deep Analysis
The current Debt-to-Equity Ratio of 1.74x means that for every $1 of shareholder equity, the company has $1.74 of debt — a measure of how aggressively it finances operations with borrowed money.
This ratio is well above the sector median of 0.73x, placing the company in the 82nd percentile among its peers, indicating much higher leverage than most. Year-over-year change is not available, but quarter-over-quarter the ratio rose 8.7% from 1.60x to 1.74x, showing a clear increase in debt relative to equity. The combination of a high level (nearly 2.4 times the sector median) and a rising trend points to elevated financial risk, as the company is taking on more leverage quickly. This metric contradicts a bullish outlook and supports the overall NEUTRAL verdict by highlighting a key risk that prevents a more favorable rating, while not signaling immediate distress.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about NI?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
Who are NI's closest peers by Debt-to-Equity Ratio?
The closest peers by Debt-to-Equity Ratio include: ETSY (-2.62x), MCK (-3.00x), TDG (-3.40x), VRSK (-3.81x), MAR (-4.04x).
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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1.74x
Sector Median
0.73x
Sector Avg
0.09x
How NI's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.