NewJersey Total Assets from 2010 to 2024

NJR Stock

USD 51.04 1.19 2.39%

NewJersey Resources Total Assets yearly trend continues to be relatively stable with very little volatility. Total Assets are likely to grow to about 7.9 B this year. Total Assets is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. View All Fundamentals

Total Assets

First Reported

1994-03-31

Previous Quarter

6.6 B

Current Value

6.8 B

Quarterly Volatility

1.7 B

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check NewJersey Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NewJersey Resources' main balance sheet or income statement drivers, such as Interest Expense of 148.5 M, Total Revenue of 1.9 B or Gross Profit of 379.6 M, as well as many indicators such as Price To Sales Ratio of 1.9, Dividend Yield of 0.0397 or PTB Ratio of 1.75. NewJersey financial statements analysis is a perfect complement when working with NewJersey Resources Valuation or Volatility modules.

Check out the analysis of NewJersey Resources Correlation against competitors.

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

Latest NewJersey Resources' Total Assets Growth Pattern

Below is the plot of the Total Assets of NewJersey Resources over the last few years. Total assets refers to the total amount of NewJersey Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NewJersey Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. NewJersey Resources' Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NewJersey Resources' overall financial position and show how it may be relating to other accounts over time.

View

Last Reported 6.54 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Total Assets

Timeline

NewJersey Total Assets Regression Statistics

	Arithmetic Mean	4,566,132,121
	Geometric Mean	4,065,995,378
	Coefficient Of Variation	42.66
	Mean Deviation	1,580,402,812
	Median	4,143,664,000
	Standard Deviation	1,948,071,146
	Sample Variance	3794981.2T
	Range	7.1B
	R-Value	0.98
	Mean Square Error	195682.7T
	R-Squared	0.95
	Slope	425,045,637
	Total Sum of Squares	53129736.7T

NewJersey Total Assets History

	2024	7.9 B
	2023	7.5 B
	2022	6.5 B
	2021	6.3 B
	2020	5.7 B
	2019	5.3 B
	2018	4.4 B

Other Fundumenentals of NewJersey Resources

Intangibles To Total Assets

NewJersey Resources Total Assets component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Retained Earnings	Long Term Debt	Treasury Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Long Term Investments	Capital Surpluse	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.98	0.19	0.39	1.0	0.4	0.41	0.28	0.37	0.94	0.97	0.64	0.99	-0.27	0.46	0.96	0.81	-0.66	0.74	0.48	0.41	-0.35	0.87	-0.17	0.83
Total Stockholder Equity	0.99		0.95	0.17	0.34	0.98	0.38	0.33	0.31	0.31	0.97	0.96	0.65	0.98	-0.26	0.44	0.95	0.84	-0.59	0.69	0.48	0.4	-0.36	0.83	-0.06	0.81
Net Debt	0.98	0.95		0.09	0.3	0.98	0.26	0.42	0.34	0.5	0.85	0.99	0.72	0.99	-0.32	0.43	0.98	0.81	-0.75	0.81	0.54	0.37	-0.34	0.92	-0.24	0.87
Accounts Payable	0.19	0.17	0.09		0.91	0.2	0.82	0.59	-0.08	-0.23	0.28	0.03	-0.18	0.1	-0.14	0.3	0.06	-0.06	-0.05	0.2	-0.4	0.19	-0.19	0.06	-0.11	-0.12
Net Receivables	0.39	0.34	0.3	0.91		0.4	0.89	0.78	-0.21	-0.11	0.41	0.21	-0.16	0.29	-0.27	0.29	0.23	0.13	-0.17	0.3	-0.23	0.26	-0.24	0.2	-0.27	0.09
Total Liab	1.0	0.98	0.98	0.2	0.4		0.4	0.45	0.26	0.39	0.92	0.97	0.63	0.99	-0.27	0.46	0.96	0.79	-0.69	0.76	0.48	0.4	-0.34	0.88	-0.21	0.84
Total Current Assets	0.4	0.38	0.26	0.82	0.89	0.4		0.6	-0.33	-0.21	0.51	0.2	-0.27	0.27	-0.15	0.27	0.2	0.1	-0.01	0.19	-0.18	0.13	-0.09	0.14	0.0	0.09
Short Term Debt	0.41	0.33	0.42	0.59	0.78	0.45	0.6		-0.08	0.29	0.31	0.3	-0.06	0.37	-0.45	0.13	0.29	0.29	-0.44	0.5	0.07	0.15	-0.39	0.42	-0.56	0.33
Common Stock	0.28	0.31	0.34	-0.08	-0.21	0.26	-0.33	-0.08		0.3	0.23	0.39	0.7	0.35	0.06	0.39	0.43	0.38	-0.3	0.42	0.22	0.42	-0.14	0.49	0.08	0.32
Current Deferred Revenue	0.37	0.31	0.5	-0.23	-0.11	0.39	-0.21	0.29	0.3		0.15	0.48	0.45	0.44	-0.2	-0.24	0.47	0.43	-0.74	0.56	0.39	0.06	-0.35	0.62	-0.45	0.5
Retained Earnings	0.94	0.97	0.85	0.28	0.41	0.92	0.51	0.31	0.23	0.15		0.86	0.5	0.89	-0.2	0.4	0.84	0.81	-0.44	0.53	0.37	0.41	-0.4	0.7	0.04	0.68
Long Term Debt	0.97	0.96	0.99	0.03	0.21	0.97	0.2	0.3	0.39	0.48	0.86		0.78	0.99	-0.27	0.45	1.0	0.81	-0.72	0.79	0.54	0.37	-0.29	0.92	-0.15	0.87
Treasury Stock	0.64	0.65	0.72	-0.18	-0.16	0.63	-0.27	-0.06	0.7	0.45	0.5	0.78		0.72	-0.28	0.48	0.81	0.65	-0.53	0.68	0.36	0.2	-0.11	0.74	0.08	0.6
Property Plant Equipment	0.99	0.98	0.99	0.1	0.29	0.99	0.27	0.37	0.35	0.44	0.89	0.99	0.72		-0.28	0.46	0.99	0.82	-0.71	0.78	0.52	0.4	-0.33	0.91	-0.19	0.86
Short Term Investments	-0.27	-0.26	-0.32	-0.14	-0.27	-0.27	-0.15	-0.45	0.06	-0.2	-0.2	-0.27	-0.28	-0.28		-0.1	-0.28	-0.45	0.12	-0.41	-0.13	0.28	0.24	-0.32	-0.12	-0.24
Net Tangible Assets	0.46	0.44	0.43	0.3	0.29	0.46	0.27	0.13	0.39	-0.24	0.4	0.45	0.48	0.46	-0.1		0.5	0.13	-0.07	0.45	-0.02	0.27	0.31	0.38	0.16	0.29
Long Term Debt Total	0.96	0.95	0.98	0.06	0.23	0.96	0.2	0.29	0.43	0.47	0.84	1.0	0.81	0.99	-0.28	0.5		0.79	-0.71	0.81	0.5	0.37	-0.26	0.92	-0.12	0.84
Deferred Long Term Liab	0.81	0.84	0.81	-0.06	0.13	0.79	0.1	0.29	0.38	0.43	0.81	0.81	0.65	0.82	-0.45	0.13	0.79		-0.45	0.49	0.5	0.31	-0.57	0.69	-0.02	0.68
Long Term Investments	-0.66	-0.59	-0.75	-0.05	-0.17	-0.69	-0.01	-0.44	-0.3	-0.74	-0.44	-0.72	-0.53	-0.71	0.12	-0.07	-0.71	-0.45		-0.81	-0.49	-0.31	0.4	-0.84	0.62	-0.74
Capital Surpluse	0.74	0.69	0.81	0.2	0.3	0.76	0.19	0.5	0.42	0.56	0.53	0.79	0.68	0.78	-0.41	0.45	0.81	0.49	-0.81		0.41	0.17	-0.08	0.95	-0.22	0.76
Accumulated Depreciation	0.48	0.48	0.54	-0.4	-0.23	0.48	-0.18	0.07	0.22	0.39	0.37	0.54	0.36	0.52	-0.13	-0.02	0.5	0.5	-0.49	0.41		0.12	-0.25	0.56	-0.16	0.85
Short Long Term Debt	0.41	0.4	0.37	0.19	0.26	0.4	0.13	0.15	0.42	0.06	0.41	0.37	0.2	0.4	0.28	0.27	0.37	0.31	-0.31	0.17	0.12		-0.29	0.31	-0.36	0.29
Cash And Equivalents	-0.35	-0.36	-0.34	-0.19	-0.24	-0.34	-0.09	-0.39	-0.14	-0.35	-0.4	-0.29	-0.11	-0.33	0.24	0.31	-0.26	-0.57	0.4	-0.08	-0.25	-0.29		-0.23	0.43	-0.25
Net Invested Capital	0.87	0.83	0.92	0.06	0.2	0.88	0.14	0.42	0.49	0.62	0.7	0.92	0.74	0.91	-0.32	0.38	0.92	0.69	-0.84	0.95	0.56	0.31	-0.23		-0.23	0.88
Net Working Capital	-0.17	-0.06	-0.24	-0.11	-0.27	-0.21	0.0	-0.56	0.08	-0.45	0.04	-0.15	0.08	-0.19	-0.12	0.16	-0.12	-0.02	0.62	-0.22	-0.16	-0.36	0.43	-0.23		-0.24
Capital Stock	0.83	0.81	0.87	-0.12	0.09	0.84	0.09	0.33	0.32	0.5	0.68	0.87	0.6	0.86	-0.24	0.29	0.84	0.68	-0.74	0.76	0.85	0.29	-0.25	0.88	-0.24

Click cells to compare fundamentals

About NewJersey Resources Financial Statements

NewJersey Resources shareholders use historical fundamental indicators, such as Total Assets, to determine how well the company is positioned to perform in the future. Although NewJersey Resources investors may analyze each financial statement separately, they are all interrelated. The changes in NewJersey Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on NewJersey Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

		Last Reported	Projected for Next Year
	Total Assets	7.5 B	7.9 B

Pair Trading with NewJersey Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NewJersey Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NewJersey Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with NewJersey Stock

0.77	NI	NiSource	Pair Corr
0.89	SR	Spire Inc	Pair Corr
0.73	ATO	Atmos Energy	Pair Corr
0.94	BKH	Black Hills	Pair Corr
0.94	CPK	Chesapeake Utilities	Pair Corr

The ability to find closely correlated positions to NewJersey Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewJersey Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NewJersey Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NewJersey Resources to buy it.

The correlation of NewJersey Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NewJersey Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewJersey Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NewJersey Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional 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.

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