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New Jersey Resources Corporation  (NJR)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

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?


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)   (Mar 31 2019)




Financial Statements
New Jersey Resources's Tangible Equity $ 2,066 Millions Visit NJR's Balance sheet
New Jersey Resources's Total Liabilities $ 3,876 Millions Visit NJR's Balance sheet
Source of NJR's Sales Visit NJR's Sales by Geography


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
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)   (Dec 31 2019)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 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

Date modified: 2024-02-07T10:10:23+00:00



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