New Jersey Resources Corporation

NYSE:NJR Stock Report

Market Cap: US$4.0b

New Jersey Resources Balance Sheet Health

Financial Health criteria checks 1/6

New Jersey Resources has a total shareholder equity of $2.1B and total debt of $3.2B, which brings its debt-to-equity ratio to 154.8%. Its total assets and total liabilities are $6.7B and $4.7B respectively. New Jersey Resources's EBIT is $370.0M making its interest coverage ratio 3.2. It has cash and short-term investments of $2.7M.

Key information

154.8%

Debt to equity ratio

US$3.20b

Debt

Interest coverage ratio3.2x
CashUS$2.74m
EquityUS$2.07b
Total liabilitiesUS$4.68b
Total assetsUS$6.75b

Recent financial health updates

Recent updates

New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way

Feb 15

Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 09
Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Jan 25
Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

Dec 24
Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

New Jersey Resources: Waiting For That Valuation "HOLD"

Nov 03

Is New Jersey Resources (NYSE:NJR) A Risky Investment?

Oct 10
Is New Jersey Resources (NYSE:NJR) A Risky Investment?

A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Sep 27
A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

Sep 12
New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

Aug 29
New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

New Jersey Resources Corporation: Solid Business But Pricey

Aug 23

New Jersey Resources: Rate Base Expansion Key To Sustained Dividend

Aug 16

New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

Aug 13
New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Jul 29
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

Jun 27
We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

Jun 14
New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

May 31
New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

New Jersey Resources: Distribution Growth Creating Margin Expansion

May 29

Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

Apr 12
Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Mar 29
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

Feb 13
New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

New Jersey Resources Q1 2023 Earnings Preview

Feb 01

New Jersey Resources declares $0.39 dividend

Jan 25

Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

Dec 26
Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

New Jersey Resources: A Compounder, But An Expensive One At This Time

Dec 13

Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

Dec 09
Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Nov 23
News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Nov 17
Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources Q4 2022 Earnings Preview

Nov 16

New Jersey Resources declares $0.39 dividend

Nov 10

New Jersey Resources: A Compounder With Some Downside Remaining

Sep 30

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Sep 27
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

Sep 15
New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

New Jersey Resources raises quarterly dividend by 7.6%

Sep 14

Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

Sep 13
Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Aug 18
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Aug 06
Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources: Bad To Worse

Jul 12

New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

May 26
New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

May 12
Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

Apr 29
Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Feb 25
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

Feb 10
New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

Financial Position Analysis

Short Term Liabilities: NJR's short term assets ($677.0M) do not cover its short term liabilities ($962.0M).

Long Term Liabilities: NJR's short term assets ($677.0M) do not cover its long term liabilities ($3.7B).


Debt to Equity History and Analysis

Debt Level: NJR's net debt to equity ratio (154.6%) is considered high.

Reducing Debt: NJR's debt to equity ratio has increased from 109.4% to 154.8% over the past 5 years.

Debt Coverage: NJR's debt is not well covered by operating cash flow (19.2%).

Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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