New Jersey Resources Corporation

New Jersey Resources Corporationverified

NJR

Price:

$48.05

Market Cap:

$4.77B

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, ow...[Read more]

Industry

Regulated Gas

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

NJR

The Current Ratio as of September 2024 (TTM) for New Jersey Resources Corporation (NJR) is 0.60

According to New Jersey Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.60. This represents a change of -10.23% compared to the average of 0.67 of the last 4 quarters.

New Jersey Resources Corporation (NJR) Historical Current Ratio (quarterly & annually)

How has NJR Current Ratio performed in the past?

The mean historical Current Ratio of New Jersey Resources Corporation over the last ten years is 0.92. The current 0.60 Current Ratio has changed 6.41% with respect to the historical average. Over the past ten years (40 quarters), NJR's Current Ratio was at its highest in in the June 2018 quarter at 1.45. The Current Ratio was at its lowest in in the June 2020 quarter at 0.58.

Quarterly (TTM)
Annual

Average

0.92

Median

0.94

Minimum

0.60

Maximum

1.25

New Jersey Resources Corporation (NJR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of New Jersey Resources Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 44.68%

Maximum Annual Current Ratio = 1.25

Minimum Annual Increase = -48.26%

Minimum Annual Current Ratio = 0.60

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.66-3.67%
20220.6813.51%
20210.60-48.26%
20201.171.74%
20191.1511.77%
20181.0342.09%
20170.72-32.07%
20161.06-14.91%
20151.2544.68%
20140.86-1.44%

New Jersey Resources Corporation (NJR) Average Current Ratio

How has NJR Current Ratio performed in the past?

The current Current Ratio of New Jersey Resources Corporation (NJR) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.65

5-year avg

0.85

10-year avg

0.92

New Jersey Resources Corporation (NJR) Current Ratio vs. Peers

How is NJR’s Current Ratio compared to its peers?

New Jersey Resources Corporation’s Current Ratio is less than Atmos Energy Corporation (1.73), less than UGI Corporation (0.91), greater than Chesapeake Utilities Corporation (0.38), greater than Spire Inc. (0.48), less than UGI Corporation (0.91), greater than ONE Gas, Inc. (0.41), less than RGC Resources, Inc. (1.07), less than NiSource Inc. (0.78), less than NiSource Inc. (0.78),

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