New Jersey Resources Balance Sheet Health
Financial Health criteria checks 1/6
New Jersey Resources has a total shareholder equity of $2.3B and total debt of $3.4B, which brings its debt-to-equity ratio to 146.9%. Its total assets and total liabilities are $7.2B and $4.9B respectively. New Jersey Resources's EBIT is $457.0M making its interest coverage ratio 3.7. It has cash and short-term investments of $1.9M.
Key information
146.9%
Debt to equity ratio
US$3.40b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$1.91m |
| Equity | US$2.31b |
| Total liabilities | US$4.88b |
| Total assets | US$7.19b |
Recent financial health updates
Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Apr 01
Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Aug 25Recent updates
New Jersey Resources Corporation's (NYSE:NJR) Prospects Need A Boost To Lift Shares
Apr 30Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Apr 01New Jersey Resources (NYSE:NJR) Might Have The Makings Of A Multi-Bagger
Mar 19With EPS Growth And More, New Jersey Resources (NYSE:NJR) Makes An Interesting Case
Mar 05Increases to CEO Compensation Might Be Put On Hold For Now at New Jersey Resources Corporation (NYSE:NJR)
Jan 14New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 30% Above Its Share Price
Dec 25New 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 11
NJR's Tactical Shift To Clean Energy And Efficiency Aims For Robust Growth And Stability
Aug 31 Anticipated resolution of rate case by end of 2024 may stabilize the regulatory environment and improve financial stability, enhancing investor confidence.Is 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 10New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($730.7M) do not cover its short term liabilities ($818.7M).
Long Term Liabilities: NJR's short term assets ($730.7M) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: NJR's net debt to equity ratio (146.8%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 104.7% to 146.9% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/02 04:38 |
| End of Day Share Price | 2025/05/02 00:00 |
| Earnings | 2024/12/31 |
| 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.
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 Github.
Analyst Sources
New Jersey Resources Corporation is covered by 21 analysts. 6 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 |