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New Jersey Resources Corporation (NJR) |
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New Jersey Resources's Tangible Leverage Ratio
NJR's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth
Despite a net increase in borrowings by 3.37%, New Jersey Resources managed to enhance Tangible Leverage Ratio in the first quarter 2023 to 1.88, falling below the company's typical Tangible Leverage Ratio.
Within Natural Gas Utilities industry in the first quarter 2023 only one company has achieved lower Tangible Leverage Ratio than New Jersey Resources during the first quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the first quarter 2023 to 203, from total ranking in the forth quarter 2023 at 2584 .
Explain Tangible Leverage Ratio?
What is NJR Market Share?
What are NJR´s Total Liabilities?
Select the Comparisons :
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Select the Ratio:
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Tangible Leverage Ratio ▼
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Tangible Leverage Ratio ▼
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NJR Tangible Leverage Ratio |
(Dec 31 2023) I. Quarter |
(Sep 30 2023) IV. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) II. Quarter |
(Dec 31 2022) I. Quarter |
Y / Y Tangible Equity Change |
7.56 % |
9.69 % |
12.96 % |
12.29 % |
12.16 % |
Y / Y Total Liabilities Change |
-1.2 % |
0.14 % |
-18.98 % |
-13.9 % |
-8 % |
Tangible Leverage Ratio MRQ |
1.88 |
1.88 |
1.78 |
1.76 |
2.04 |
NJR's Total
Ranking |
# 203 |
# 2584 |
# 1859 |
# 2602 |
# 169 |
Seq. Tangible Equity Change |
3.79 % |
-0.2 % |
-0.25 % |
4.1 % |
5.85 % |
Seq. Total Liabilities Change |
3.37 % |
5.35 % |
1.18 % |
-10.33 % |
4.77 % |
Tangible Leverage Ratio first quarter 2023 Company Ranking |
Within: |
No. |
Natural Gas Utilities Industry |
# 2 |
Utilities Sector |
# 3 |
Overall Market |
# 203 |
Tangible Leverage Ratio Statistics |
High |
Average |
Low |
2.62 |
2.06 |
1.61 |
(Dec 31 2013) |
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(Mar 31 2019) |
Cumulative New Jersey Resources's Tangible Leverage Ratio
NJR's Tangible Leverage Ratio for the trailling 12 Months
NJR Tangible Leverage Ratio |
(Dec 31 2023) I. Quarter |
(Sep 30 2023) IV. Quarter |
(Jun 30 2023) III. Quarter |
(Mar 31 2023) II. Quarter |
(Dec 31 2022) I. Quarter |
Y / Y Tangible Equity TTM Growth |
7.56 % |
9.69 % |
12.96 % |
12.29 % |
12.16 % |
Y / Y Total Liabilities TTM Growth |
-1.2 % |
0.14 % |
-18.98 % |
-13.9 % |
-8 % |
Tangible Leverage Ratio TTM |
1.83 |
1.87 |
1.91 |
2.08 |
2.22 |
Total
Ranking TTM |
# 5
| # 163
| # 131
| # 16
| # 6
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Seq. Tangible Equity TTM Growth |
3.79 % |
-0.2 % |
-0.25 % |
4.1 % |
5.85 % |
Seq. Total Liabilities TTM Growth |
3.37 % |
5.35 % |
1.18 % |
-10.33 % |
4.77 % |
On the trailing twelve months basis Despite of the net new borrowings of 3.37% during the twelve months period ending in I Quarter 2023 New Jersey Resources has managed to decrease Tangible Leverage Ratio in the I Quarter 2023 to 1.83, below New Jersey Resources's average Tangible Leverage Ratio. Tangible Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Natural Gas Utilities industry NJR recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 5, from total ranking in previous 12 month period at 163.
Explain Tangible Leverage Ratio?
What is NJR Market Share?
What are NJR´s Total Liabilities?
TTM Tangible Leverage Ratio Company Ranking |
Within: |
No. |
Within the Natural Gas Utilities Industry |
# 0 |
Utilities Sector |
# 0 |
Within the Market |
# 5 |
trailing twelve months Tangible Leverage Ratio Statistics |
High |
Average |
Low |
2.44 |
2.08 |
1.71 | (Dec 31 2013) |
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(Dec 31 2019) |
Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry | Tangible Leverage Ratio | Dec 31 2023 MRQ Total Liabilities | Dec 31 2023 MRQ Tangible Equity | Williams Companies Inc | 4.34 | $ 31,695.000 Millions | $ 7,298.000 Millions | Nextdecade Corporation | 4.10 | $ 3,035.878 Millions | $ 740.434 Millions | Kinder Morgan Inc | 4.07 | $ 39,326.000 Millions | $ 9,651.000 Millions | Cheniere Energy Inc | 3.65 | $ 32,968.000 Millions | $ 9,020.000 Millions | Antero Midstream Corporation | 3.55 | $ 3,320.008 Millions | $ 936.300 Millions | Northwest Natural Holding Company | 3.36 | $ 3,769.425 Millions | $ 1,120.494 Millions | Spire Inc | 3.30 | $ 6,192.200 Millions | $ 1,879.200 Millions | Energy Transfer Lp | 2.95 | $ 99,343.000 Millions | $ 33,681.000 Millions | Southwest Gas Holdings Inc | 2.92 | $ 7,348.863 Millions | $ 2,520.307 Millions | Kodiak Gas Services Inc | 2.72 | $ 1,940.528 Millions | $ 714.212 Millions | Dt Midstream Inc | 2.63 | $ 4,843.000 Millions | $ 1,839.000 Millions | Oneok Inc | 2.41 | $ 24,635.000 Millions | $ 10,216.000 Millions | One Gas Inc | 2.39 | $ 5,535.782 Millions | $ 2,314.305 Millions | Archrock inc | 2.10 | $ 1,762.001 Millions | $ 840.839 Millions | New Jersey Resources Corporation | 1.88 | $ 3,875.775 Millions | $ 2,066.201 Millions | Rgc Resources Inc | 1.72 | $ 177.589 Millions | $ 103.545 Millions | National Fuel Gas Company | 1.07 | $ 3,391.247 Millions | $ 3,168.526 Millions | Atmos Energy Corp | 0.82 | $ 8,614.676 Millions | $ 10,451.916 Millions | Hf Sinclair Corporation | 0.75 | $ 5,474.867 Millions | $ 7,259.554 Millions | Chesapeake Utilities Corporation | 0.56 | $ 402.641 Millions | $ 721.065 Millions |
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