New Jersey Resources Financial Health
How is New Jersey Resources's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($756.1M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: NJR's short term assets ($756.1M) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: NJR's net debt to equity ratio (162.5%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 112.4% to 162.6% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (11%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (4.9x coverage).