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New Jersey Resources Cash-to-Debt

: 0.02 (As of Jun. 2020)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. New Jersey Resources's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, New Jersey Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

NYSE:NJR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.29
Current: 0.02

0
0.29

During the past 13 years, New Jersey Resources's highest Cash to Debt Ratio was 0.29. The lowest was 0.00. And the median was 0.01.

NYSE:NJR's Cash-to-Debt is ranked lower than
91% of the 489 Companies
in the Utilities - Regulated industry.

( Industry Median: 0.24 vs. NYSE:NJR: 0.02 )

New Jersey Resources Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

New Jersey Resources Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.03 0.00 0.00 0.00

New Jersey Resources Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.00 0.01 0.01 0.02

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


New Jersey Resources Cash-to-Debt Distribution

* The bar in red indicates where New Jersey Resources's Cash-to-Debt falls into.



New Jersey Resources Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

New Jersey Resources's Cash to Debt Ratio for the fiscal year that ended in Sep. 2019 is calculated as:

New Jersey Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


New Jersey Resources  (NYSE:NJR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


New Jersey Resources Cash-to-Debt Related Terms


New Jersey Resources Cash-to-Debt Headlines

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