NewJersey Resources Corporation

NYSE NJR

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NewJersey Resources Corporation Current Ratio for the quarter ending March 31, 2024: 0.70

NewJersey Resources Corporation Current Ratio is 0.70 for the quarter ending March 31, 2024, a -18.95% change year over year. The current ratio assesses a company's short-term liquidity and its ability to cover its current liabilities with its current assets. It is calculated by dividing current assets by current liabilities. This ratio indicates the number of times a company's current assets can cover its current liabilities. A higher current ratio suggests better liquidity and a stronger ability to meet short-term obligations.
  • NewJersey Resources Corporation Current Ratio for the quarter ending March 31, 2023 was 0.87, a 37.35% change year over year.
  • NewJersey Resources Corporation Current Ratio for the quarter ending March 31, 2022 was 0.63, a -51.00% change year over year.
  • NewJersey Resources Corporation Current Ratio for the quarter ending March 31, 2021 was 1.29, a 111.72% change year over year.
  • NewJersey Resources Corporation Current Ratio for the quarter ending March 31, 2020 was 0.61, a -41.39% change year over year.
NYSE: NJR

NewJersey Resources Corporation

CEO Mr. Stephen D. Westhoven
IPO Date Dec. 30, 1987
Location United States
Headquarters 1415 Wyckoff Road, Wall, NJ, United States, 07719
Employees 1,350
Sector Utilities
Industry Utilities - regulated gas
Description

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. 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 576,000 customers in 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, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

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StockViz Staff

September 20, 2024

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