NewJersey Total Liab vs Net Receivables Analysis

NJR Stock

USD 43.97 0.62 1.39%

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 Total Liab and its Net Receivables 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 closely tied 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.

Total Liab vs Net Receivables

Total Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Total Liab account and Net Receivables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between NewJersey Resources' Total Liab and Net Receivables is 0.15. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables 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' Total Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of NewJersey Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., NewJersey Resources' Total Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Receivables

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 closely tied 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 06/06/2024, 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

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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

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NewJersey Total Liab vs Net Receivables Analysis

Total Liab vs Net Receivables

Total Liab vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Liab

Net Receivables

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!

Additional Tools for NewJersey Stock Analysis

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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