New Jersey Resources (New Jersey Resources) Interest Expense : $-125 Mil (TTM As of Dec. 2023)

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What is New Jersey Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Jersey Resources's interest expense for the three months ended in Dec. 2023 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-125 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. New Jersey Resources's Operating Income for the three months ended in Dec. 2023 was $ 136 Mil. New Jersey Resources's Interest Expense for the three months ended in Dec. 2023 was $ -31 Mil. New Jersey Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 4.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Jersey Resources Interest Expense Historical Data

The historical data trend for New Jersey Resources's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Jersey Resources Interest Expense Chart

New Jersey Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-47.08

-67.60

-78.56

-85.83

-123.01

New Jersey Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-29.49	-30.26	-30.12	-33.14	-31.47

New Jersey Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-125 Mil.

New Jersey Resources (NYSE:NJR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Jersey Resources's Interest Expense for the three months ended in Dec. 2023 was $-31 Mil. Its Operating Income for the three months ended in Dec. 2023 was $136 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,888 Mil.

New Jersey Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	135.819	/	-31.473
	=	4.32

The higher the ratio, the stronger the company's financial strength is.

New Jersey Resources (New Jersey Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Jersey Resources Corp (NYSE:NJR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NJ1:Germany

Address

1415 Wyckoff Road, Wall, NJ, USA, 07719

Website

https://www.njresources.com

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.

Executives

Patrick J. Migliaccio	officer: Senior VP and CFO	1415 WYCKOFF ROAD, WALL NJ 07719
Peter C Harvey	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Stephen D Westhoven	officer: Senior V.P., Subsidiary	1415 WYCKOFF ROAD, WALL NJ 07719
Stephen Skrocki	officer: Corporate Controller and PAO	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Lori Delgiudice	officer: SVP, Human Resources	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Michael A O'sullivan	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Roberto Bel	officer: SVP and CFO	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Degraffenreidt James H Jr	director	1100 H ST NW, WASHINGTON DC 20080
Richard Reich	officer: SVP, Gen Counsel and Corp Sec	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy F. Shea	officer: Vice President, Subsidiary	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Howard M William Jr	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
M Susan Hardwick	director	C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Donald L Correll	director	C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663
Amy Cradic	officer: SVP & COO Non-Utility Business	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Craig A Lynch	officer: SVP, Subsidiary	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719