New Jersey Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $493 Mil. New Jersey Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,888 Mil. New Jersey Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,066 Mil.
New Jersey Resources's debt to equity for the quarter that ended in Dec. 2023 was 1.64.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for New Jersey Resources's Debt-to-Equity or its related term are showing as below:
NJR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.12 Max: 1.76
Current: 1.64
During the past 13 years, the highest Debt-to-Equity Ratio of New Jersey Resources was 1.76. The lowest was 0.69. And the median was 1.12.
New Jersey Resources Debt-to-Equity Historical Data
The historical data trend for New Jersey Resources's Debt-to-Equity 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 Annual Data
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Trend |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
Sep22 |
Sep23 |
| Debt-to-Equity |
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1.02 |
1.53 |
1.69 |
1.72 |
1.65 |
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New Jersey Resources Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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1.76 |
1.56 |
1.59 |
1.65 |
1.64 |
Competitive Comparison
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
New Jersey Resources Debt-to-Equity Distribution
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Debt-to-Equity falls into.
New Jersey Resources Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
New Jersey Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as
New Jersey Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
New Jersey Resources (New Jersey Resources) Business Description
Traded in Other Exchanges
Address
1415 Wyckoff Road, Wall, NJ, USA, 07719
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 |
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