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 150.3%. Its total assets and total liabilities are $6.8B and $4.6B respectively. New Jersey Resources's EBIT is $376.3M making its interest coverage ratio 3.2. It has cash and short-term investments of $22.4M.
Key information
150.3%
Debt to equity ratio
US$3.22b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$22.40m |
| Equity | US$2.14b |
| Total liabilities | US$4.64b |
| Total assets | US$6.78b |
Recent financial health updates
New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26
Is 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 26New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Sep 27Recent updates
Estimating 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 13Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?
Dec 09News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts
Nov 23Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Nov 17New Jersey Resources Q4 2022 Earnings Preview
Nov 16New Jersey Resources declares $0.39 dividend
Nov 10New Jersey Resources: A Compounder With Some Downside Remaining
Sep 30New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Sep 27New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625
Sep 15New Jersey Resources raises quarterly dividend by 7.6%
Sep 14Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($534.4M) do not cover its short term liabilities ($894.3M).
Long Term Liabilities: NJR's short term assets ($534.4M) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: NJR's net debt to equity ratio (149.2%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 88.9% to 150.3% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.2x coverage).