New Jersey Resources (FRA:NJ1) Interest Expense : €-119 Mil (TTM As of Sep. 2024)

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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 Sep. 2024 was € -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-119 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 Sep. 2024 was € 132 Mil. New Jersey Resources's Interest Expense for the three months ended in Sep. 2024 was € -32 Mil. New Jersey Resources's Interest Coverage for the quarter that ended in Sep. 2024 was 4.06. 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

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-57.39

-66.78

-86.69

-115.26

-117.38

New Jersey Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-31.06	-28.86	-29.09	-28.96	-32.45

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-119 Mil.

New Jersey Resources (FRA:NJ1) 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 Sep. 2024 was €-32 Mil. Its Operating Income for the three months ended in Sep. 2024 was €132 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €2,738 Mil.

New Jersey Resources's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	131.66	/	-32.447
	=	4.06

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

New Jersey Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Jersey Resources Corp (FRA:NJ1) » Definitions » Interest Expense

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NJR:USA

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 nearly 600,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.

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