NewJersey Long Term Investments vs Short Term Debt Analysis

NJR Stock

USD 43.46 1.11 2.62%

NewJersey Resources financial indicator trend analysis is infinitely more than just investigating NewJersey Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NewJersey Resources is a good investment. Please check the relationship between NewJersey Resources Long Term Investments and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Long Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NewJersey Resources' Long Term Investments and Short Term Debt is -0.44. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of NewJersey Resources, assuming nothing else is changed. The correlation between historical values of NewJersey Resources' Long Term Investments and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of NewJersey Resources are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Investments i.e., NewJersey Resources' Long Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of NewJersey Resources balance sheet that represents investments NewJersey Resources intends to hold for over a year. NewJersey Resources long term investments may include different instruments such as stocks, bonds, real estate and cash.

Short Term Debt

Most indicators from NewJersey Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NewJersey Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.At this time, NewJersey Resources' Tax Provision is relatively stable compared to the past year. As of 06/01/2024, Issuance Of Capital Stock is likely to grow to about 60.2 M, while Selling General Administrative is likely to drop slightly above 38.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	595.2M	610.5M	702.1M	379.6M
Total Revenue	2.9B	2.0B	2.3B	1.9B

Gross Profit Total Revenue

NewJersey Resources fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Retained Earnings
Common Stock Shares Outstanding		0.74	0.62	0.68	0.72	0.74	0.7	0.62	0.61	0.12	0.7	0.1	0.12	0.51	0.1	0.69	0.65	0.44	0.27	0.73	0.66	0.75	0.53	0.14	0.18	0.82
Total Assets	0.74		0.98	0.81	0.56	0.99	1.0	0.98	0.19	0.05	1.0	0.6	0.05	0.14	0.59	0.99	0.37	0.58	0.07	1.0	0.99	0.4	0.41	0.28	0.66	0.94
Short Long Term Debt Total	0.62	0.98		0.75	0.52	0.95	0.99	1.0	0.09	0.06	0.99	0.67	0.06	0.01	0.65	0.98	0.27	0.53	0.06	0.98	0.99	0.26	0.41	0.34	0.75	0.85
Other Current Liab	0.68	0.81	0.75		0.65	0.78	0.79	0.75	0.51	0.03	0.79	0.2	0.03	0.41	0.32	0.77	0.44	0.31	0.36	0.82	0.78	0.55	0.43	0.04	0.29	0.77
Total Current Liabilities	0.72	0.56	0.52	0.65		0.5	0.54	0.52	0.76	-0.22	0.52	0.16	-0.22	0.7	-0.08	0.47	0.77	0.16	0.35	0.59	0.54	0.75	0.94	-0.03	0.2	0.51
Total Stockholder Equity	0.74	0.99	0.95	0.78	0.5		0.98	0.95	0.17	0.05	0.99	0.61	0.05	0.11	0.62	0.98	0.32	0.59	0.04	0.98	0.97	0.38	0.33	0.31	0.63	0.97
Property Plant And Equipment Net	0.7	1.0	0.99	0.79	0.54	0.98		0.99	0.15	0.04	1.0	0.63	0.04	0.08	0.63	0.99	0.32	0.58	0.06	1.0	1.0	0.33	0.4	0.32	0.7	0.92
Net Debt	0.62	0.98	1.0	0.75	0.52	0.95	0.99		0.09	0.03	0.99	0.68	0.03	0.01	0.65	0.98	0.28	0.53	0.05	0.98	1.0	0.26	0.42	0.34	0.75	0.85
Accounts Payable	0.61	0.19	0.09	0.51	0.76	0.17	0.15	0.09		-0.07	0.13	-0.35	-0.07	0.85	-0.3	0.09	0.62	-0.25	0.68	0.2	0.12	0.81	0.59	-0.07	-0.37	0.28
Cash	0.12	0.05	0.06	0.03	-0.22	0.05	0.04	0.03	-0.07		0.05	-0.31	1.0	-0.13	0.1	0.11	-0.15	-0.07	0.44	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Non Current Assets Total	0.7	1.0	0.99	0.79	0.52	0.99	1.0	0.99	0.13	0.05		0.63	0.05	0.07	0.63	1.0	0.31	0.59	0.04	0.99	0.99	0.33	0.38	0.32	0.69	0.92
Non Currrent Assets Other	0.1	0.6	0.67	0.2	0.16	0.61	0.63	0.68	-0.35	-0.31	0.63		-0.31	-0.3	0.66	0.62	-0.06	0.52	-0.47	0.6	0.66	-0.14	0.23	0.35	0.84	0.51
Cash And Short Term Investments	0.12	0.05	0.06	0.03	-0.22	0.05	0.04	0.03	-0.07	1.0	0.05	-0.31		-0.13	0.1	0.11	-0.15	-0.07	0.44	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Net Receivables	0.51	0.14	0.01	0.41	0.7	0.11	0.08	0.01	0.85	-0.13	0.07	-0.3	-0.13		-0.45	0.02	0.76	-0.1	0.44	0.15	0.04	0.89	0.61	-0.45	-0.37	0.25
Common Stock Total Equity	0.1	0.59	0.65	0.32	-0.08	0.62	0.63	0.65	-0.3	0.1	0.63	0.66	0.1	-0.45		0.65	-0.48	0.36	-0.06	0.57	0.63	-0.32	-0.16	0.77	0.51	0.51
Non Current Liabilities Total	0.69	0.99	0.98	0.77	0.47	0.98	0.99	0.98	0.09	0.11	1.0	0.62	0.11	0.02	0.65		0.27	0.59	0.05	0.99	0.99	0.3	0.32	0.33	0.69	0.91
Inventory	0.65	0.37	0.27	0.44	0.77	0.32	0.32	0.28	0.62	-0.15	0.31	-0.06	-0.15	0.76	-0.48	0.27		0.24	0.15	0.39	0.31	0.85	0.72	-0.52	0.1	0.4
Other Current Assets	0.44	0.58	0.53	0.31	0.16	0.59	0.58	0.53	-0.25	-0.07	0.59	0.52	-0.07	-0.1	0.36	0.59	0.24		-0.5	0.57	0.56	0.1	0.15	0.1	0.6	0.63
Other Stockholder Equity	0.27	0.07	0.06	0.36	0.35	0.04	0.06	0.05	0.68	0.44	0.04	-0.47	0.44	0.44	-0.06	0.05	0.15	-0.5		0.09	0.03	0.39	0.2	0.15	-0.45	0.03
Total Liab	0.73	1.0	0.98	0.82	0.59	0.98	1.0	0.98	0.2	0.05	0.99	0.6	0.05	0.15	0.57	0.99	0.39	0.57	0.09		0.99	0.4	0.45	0.26	0.67	0.92
Property Plant And Equipment Gross	0.66	0.99	0.99	0.78	0.54	0.97	1.0	1.0	0.12	0.0	0.99	0.66	0.0	0.04	0.63	0.99	0.31	0.56	0.03	0.99		0.29	0.41	0.32	0.74	0.88
Total Current Assets	0.75	0.4	0.26	0.55	0.75	0.38	0.33	0.26	0.81	0.05	0.33	-0.14	0.05	0.89	-0.32	0.3	0.85	0.1	0.39	0.4	0.29		0.6	-0.33	-0.14	0.51
Short Term Debt	0.53	0.41	0.41	0.43	0.94	0.33	0.4	0.42	0.59	-0.28	0.38	0.23	-0.28	0.61	-0.16	0.32	0.72	0.15	0.2	0.45	0.41	0.6		-0.08	0.24	0.31
Common Stock	0.14	0.28	0.34	0.04	-0.03	0.31	0.32	0.34	-0.07	0.18	0.32	0.35	0.18	-0.45	0.77	0.33	-0.52	0.1	0.15	0.26	0.32	-0.33	-0.08		0.2	0.23
Current Deferred Revenue	0.18	0.66	0.75	0.29	0.2	0.63	0.7	0.75	-0.37	-0.26	0.69	0.84	-0.26	-0.37	0.51	0.69	0.1	0.6	-0.45	0.67	0.74	-0.14	0.24	0.2		0.5
Retained Earnings	0.82	0.94	0.85	0.77	0.51	0.97	0.92	0.85	0.28	0.01	0.92	0.51	0.01	0.25	0.51	0.91	0.4	0.63	0.03	0.92	0.88	0.51	0.31	0.23	0.5

Click cells to compare fundamentals

NewJersey Resources Account Relationship Matchups

NewJersey Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	95.1M	96.6M	96.5M	97.6M	112.3M	84.7M
Total Assets	5.3B	5.7B	6.3B	6.5B	7.5B	7.9B
Short Long Term Debt Total	2.5B	2.8B	3.1B	3.3B	3.8B	4.0B
Other Current Liab	110.2M	169.6M	139.3M	123.3M	111.0M	161.0M
Total Current Liabilities	533.7M	1.1B	1.1B	806.6M	927.6M	633.8M
Total Stockholder Equity	1.6B	1.6B	1.8B	2.0B	2.3B	2.4B
Property Plant And Equipment Net	3.9B	4.4B	4.8B	5.2B	6.0B	6.3B
Net Debt	2.4B	2.8B	3.1B	3.3B	3.8B	4.0B
Accounts Payable	238.2M	394.8M	392.5M	203.9M	234.5M	156.6M
Cash	117.0M	4.7M	1.1M	954K	1.1M	1.0M
Non Current Assets Total	4.7B	5.1B	5.5B	6.0B	6.9B	7.3B
Non Currrent Assets Other	85.7M	49.9M	490.2M	666.7M	766.7M	805.0M
Cash And Short Term Investments	117.0M	4.7M	1.1M	954K	1.1M	1.0M
Net Receivables	136.2M	198.5M	216.7M	105.6M	121.4M	155.9M
Common Stock Total Equity	226.6M	240.2M	240.6M	241.6M	277.9M	291.8M
Liabilities And Stockholders Equity	5.3B	5.7B	6.3B	6.5B	7.5B	7.9B
Non Current Liabilities Total	3.1B	3.0B	3.3B	3.7B	4.3B	4.5B
Inventory	187.9M	213.2M	294.0M	226.5M	260.5M	234.7M
Other Current Assets	57.6M	50.4M	62.4M	94.7M	85.2M	93.0M
Other Stockholder Equity	500.5M	490.1M	512.9M	(9.3M)	(8.4M)	(7.9M)
Total Liab	3.7B	4.1B	4.4B	4.5B	5.2B	5.5B
Property Plant And Equipment Gross	4.1B	5.2B	5.7B	6.2B	7.1B	7.4B
Total Current Assets	622.3M	634.3M	756.1M	532.1M	611.9M	605.4M
Short Term Debt	159.3M	454.4M	503.6M	373.0M	429.0M	220.1M
Common Stock	240.2M	240.6M	241.6M	243.5M	280.0M	141.3M
Current Deferred Revenue	25.9M	32.6M	68.8M	106.3M	95.7M	100.5M
Retained Earnings	947.5M	934.6M	1.1B	1.2B	1.4B	1.4B
Accumulated Other Comprehensive Income	(44.3M)	(34.5M)	(4.8M)	10.8M	12.4M	13.0M
Other Liab	836.9M	736.5M	716.3M	824.1M	947.7M	542.6M
Other Assets	609.5M	575.4M	571.8M	695.0M	799.3M	465.4M
Long Term Debt	2.2B	2.2B	2.5B	2.8B	3.2B	3.3B
Treasury Stock	(76.5M)	(10.4M)	8.5M	(12.4M)	(11.2M)	(11.8M)
Property Plant Equipment	4.1B	4.4B	4.8B	5.2B	6.0B	6.3B
Net Tangible Assets	4.1B	3.8B	1.8B	2.0B	2.3B	2.3B
Long Term Debt Total	1.5B	2.3B	2.2B	2.5B	2.9B	3.0B
Deferred Long Term Liab	207.3M	180.0M	500.7M	584.8M	672.6M	706.2M
Long Term Investments	208.4M	114.5M	106.6M	104.1M	93.7M	140.9M
Non Current Liabilities Other	724.6M	697.8M	9.1M	13.3M	11.9M	11.3M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether NewJersey Resources is a strong investment it is important to analyze NewJersey Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NewJersey Resources' future performance. For an informed investment choice regarding NewJersey Stock, refer to the following important reports:

How To Invest In NewJersey

Details

Is NewJersey Stock a good investment?

Details

What is NewJersey Resources' Net Worth?

Details

Largest Gas Utilities Companies

View

Largest Utilities - Regulated Gas Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for NewJersey Stock analysis

When running NewJersey Resources' price analysis, check to measure NewJersey Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NewJersey Resources is operating at the current time. Most of NewJersey Resources' value examination focuses on studying past and present price action to predict the probability of NewJersey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewJersey Resources' price. Additionally, you may evaluate how the addition of NewJersey Resources to your portfolios can decrease your overall portfolio volatility.

	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	CEOs Directory Screen CEOs from public companies around the world
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities

Is NewJersey Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NewJersey Resources. If investors know NewJersey will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NewJersey Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.88)

Dividend Share

1.65

Earnings Share

2.52

Revenue Per Share

17.602

Quarterly Revenue Growth

0.23

The market value of NewJersey Resources is measured differently than its book value, which is the value of NewJersey that is recorded on the company's balance sheet. Investors also form their own opinion of NewJersey Resources' value that differs from its market value or its book value, called intrinsic value, which is NewJersey Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NewJersey Resources' market value can be influenced by many factors that don't directly affect NewJersey Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between NewJersey Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NewJersey Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewJersey Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

NewJersey Long Term Investments vs Short Term Debt Analysis

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

Correlation Coefficient

Long Term Investments

Short Term Debt

NewJersey Resources fundamental ratios Correlations

NewJersey Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NewJersey Resources fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for NewJersey Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Common Stock	- 0.52	Inventory
Other Stockholder Equity	- 0.5	Other Current Assets
Inventory	- 0.48	Common Stock Total Equity
Other Stockholder Equity	- 0.47	Non Currrent Assets Other
Current Deferred Revenue	- 0.45	Other Stockholder Equity
Common Stock	- 0.45	Net Receivables