New Jersey Resources Balance Sheet Health
Financial Health criteria checks 1/6
New Jersey Resources has a total shareholder equity of $2.2B and total debt of $3.3B, which brings its debt-to-equity ratio to 151.6%. Its total assets and total liabilities are $7.0B and $4.8B respectively. New Jersey Resources's EBIT is $458.1M making its interest coverage ratio 3.8. It has cash and short-term investments of $1.0M.
Key information
151.6%
Debt to equity ratio
US$3.34b
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$1.02m |
| Equity | US$2.20b |
| Total liabilities | US$4.78b |
| Total assets | US$6.98b |
Recent financial health updates
Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Aug 25
New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Oct 10We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt
Jun 27New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Mar 29Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Dec 26Recent updates
New Jersey Resources' (NYSE:NJR) Dividend Will Be $0.45
Dec 10New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Nov 29New Jersey Resources (NYSE:NJR) Will Pay A Dividend Of $0.45
Nov 26New Jersey Resources Corporation's (NYSE:NJR) Popularity With Investors Is Clear
Nov 04New Jersey Resources: Still A Buy After Its Recent Dividend Hike
Oct 11Returns Are Gaining Momentum At New Jersey Resources (NYSE:NJR)
Sep 11Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Aug 25Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Jul 29Getting In Cheap On New Jersey Resources Corporation (NYSE:NJR) Is Unlikely
Jul 15New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now
Jul 10Returns On Capital Are Showing Encouraging Signs At New Jersey Resources (NYSE:NJR)
May 28New Jersey Resources Corporation Just Recorded A 7.5% EPS Beat: Here's What Analysts Are Forecasting Next
May 10Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Apr 26Investors Interested In New Jersey Resources Corporation's (NYSE:NJR) Earnings
Apr 11New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher
Jan 25Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing
Dec 24New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Oct 10A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Sep 27New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42
Sep 12New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39
Aug 29New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39
Aug 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Jul 29We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt
Jun 27New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price
Jun 14New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns
May 31New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors
Apr 12New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Mar 29New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital
Feb 13New Jersey Resources Q1 2023 Earnings Preview
Feb 01New Jersey Resources declares $0.39 dividend
Jan 25Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Dec 26New Jersey Resources: A Compounder, But An Expensive One At This Time
Dec 13Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($554.6M) do not cover its short term liabilities ($887.8M).
Long Term Liabilities: NJR's short term assets ($554.6M) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: NJR's net debt to equity ratio (151.6%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 99.8% to 151.6% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 19:39 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
New Jersey Resources Corporation is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Hovis | Argus Research Company |
| Jim Harmon | Barclays |
| Richard Gross | Barclays |