NewJersey Deferred Long Term Liab vs Net Invested Capital Analysis

NJR Stock

USD 49.85 1.06 2.17%

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 Deferred Long Term Liab and its Net Invested Capital 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.

Deferred Long Term Liab vs Net Invested Capital

Deferred Long Term Liab vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Deferred Long Term Liab account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between NewJersey Resources' Deferred Long Term Liab and Net Invested Capital is 0.69. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Invested Capital 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' Deferred Long Term Liab and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of NewJersey Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Deferred Long Term Liab i.e., NewJersey Resources' Deferred Long Term Liab and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 11/21/2024, 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	0.72	0.72	0.74	0.7	0.62	0.61	0.12	0.7	0.1	0.12	0.67	0.1	0.69	0.65	0.61	0.63	0.73	0.66	0.75	0.53	0.14	-0.01	0.82
Total Assets	0.74		0.98	0.86	0.56	0.99	1.0	0.98	0.19	0.05	1.0	0.6	0.05	0.39	0.59	0.99	0.37	0.86	0.96	1.0	0.99	0.4	0.41	0.28	0.37	0.94
Short Long Term Debt Total	0.62	0.98		0.84	0.52	0.95	0.99	1.0	0.09	0.06	0.99	0.67	0.06	0.29	0.65	0.98	0.27	0.91	0.98	0.98	0.99	0.26	0.41	0.34	0.5	0.85
Other Current Liab	0.72	0.86	0.84		0.7	0.82	0.86	0.84	0.48	0.08	0.85	0.27	0.08	0.56	0.4	0.83	0.41	0.83	0.85	0.87	0.85	0.48	0.51	0.21	0.22	0.77
Total Current Liabilities	0.72	0.56	0.52	0.7		0.5	0.54	0.52	0.76	-0.22	0.52	0.16	-0.22	0.89	-0.08	0.47	0.77	0.58	0.5	0.59	0.54	0.75	0.94	-0.03	0.21	0.51
Total Stockholder Equity	0.74	0.99	0.95	0.82	0.5		0.98	0.95	0.17	0.05	0.99	0.61	0.05	0.34	0.62	0.98	0.32	0.8	0.93	0.98	0.97	0.38	0.33	0.31	0.31	0.97
Property Plant And Equipment Net	0.7	1.0	0.99	0.86	0.54	0.98		0.99	0.15	0.04	1.0	0.63	0.04	0.34	0.63	0.99	0.32	0.88	0.96	1.0	1.0	0.33	0.4	0.32	0.41	0.92
Net Debt	0.62	0.98	1.0	0.84	0.52	0.95	0.99		0.09	0.03	0.99	0.68	0.03	0.3	0.65	0.98	0.28	0.9	0.98	0.98	1.0	0.26	0.42	0.34	0.5	0.85
Accounts Payable	0.61	0.19	0.09	0.48	0.76	0.17	0.15	0.09		-0.07	0.13	-0.35	-0.07	0.91	-0.3	0.09	0.62	0.2	0.1	0.2	0.12	0.82	0.59	-0.08	-0.23	0.28
Cash	0.12	0.05	0.06	0.08	-0.22	0.05	0.04	0.03	-0.07		0.05	-0.31	1.0	-0.11	0.1	0.11	-0.15	0.23	0.14	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Non Current Assets Total	0.7	1.0	0.99	0.85	0.52	0.99	1.0	0.99	0.13	0.05		0.63	0.05	0.32	0.63	1.0	0.31	0.87	0.96	0.99	0.99	0.33	0.38	0.32	0.4	0.92
Non Currrent Assets Other	0.1	0.6	0.67	0.27	0.16	0.61	0.63	0.68	-0.35	-0.31	0.63		-0.31	-0.13	0.66	0.62	-0.06	0.46	0.58	0.6	0.66	-0.14	0.23	0.35	0.64	0.51
Cash And Short Term Investments	0.12	0.05	0.06	0.08	-0.22	0.05	0.04	0.03	-0.07	1.0	0.05	-0.31		-0.11	0.1	0.11	-0.15	0.23	0.14	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Net Receivables	0.67	0.39	0.29	0.56	0.89	0.34	0.34	0.3	0.91	-0.11	0.32	-0.13	-0.11		-0.25	0.28	0.79	0.36	0.3	0.4	0.32	0.89	0.78	-0.21	-0.11	0.41
Common Stock Total Equity	0.1	0.59	0.65	0.4	-0.08	0.62	0.63	0.65	-0.3	0.1	0.63	0.66	0.1	-0.25		0.65	-0.48	0.57	0.56	0.57	0.63	-0.32	-0.16	0.77	0.36	0.51
Non Current Liabilities Total	0.69	0.99	0.98	0.83	0.47	0.98	0.99	0.98	0.09	0.11	1.0	0.62	0.11	0.28	0.65		0.27	0.87	0.96	0.99	0.99	0.3	0.32	0.33	0.4	0.91
Inventory	0.65	0.37	0.27	0.41	0.77	0.32	0.32	0.28	0.62	-0.15	0.31	-0.06	-0.15	0.79	-0.48	0.27		0.26	0.3	0.39	0.31	0.85	0.72	-0.52	0.03	0.4
Other Current Assets	0.61	0.86	0.91	0.83	0.58	0.8	0.88	0.9	0.2	0.23	0.87	0.46	0.23	0.36	0.57	0.87	0.26		0.9	0.88	0.89	0.24	0.49	0.45	0.54	0.67
Other Stockholder Equity	0.63	0.96	0.98	0.85	0.5	0.93	0.96	0.98	0.1	0.14	0.96	0.58	0.14	0.3	0.56	0.96	0.3	0.9		0.96	0.97	0.28	0.38	0.27	0.46	0.82
Total Liab	0.73	1.0	0.98	0.87	0.59	0.98	1.0	0.98	0.2	0.05	0.99	0.6	0.05	0.4	0.57	0.99	0.39	0.88	0.96		0.99	0.4	0.45	0.26	0.39	0.92
Property Plant And Equipment Gross	0.66	0.99	0.99	0.85	0.54	0.97	1.0	1.0	0.12	0.0	0.99	0.66	0.0	0.32	0.63	0.99	0.31	0.89	0.97	0.99		0.29	0.41	0.32	0.47	0.88
Total Current Assets	0.75	0.4	0.26	0.48	0.75	0.38	0.33	0.26	0.82	0.05	0.33	-0.14	0.05	0.89	-0.32	0.3	0.85	0.24	0.28	0.4	0.29		0.6	-0.33	-0.21	0.51
Short Term Debt	0.53	0.41	0.41	0.51	0.94	0.33	0.4	0.42	0.59	-0.28	0.38	0.23	-0.28	0.78	-0.16	0.32	0.72	0.49	0.38	0.45	0.41	0.6		-0.08	0.29	0.31
Common Stock	0.14	0.28	0.34	0.21	-0.03	0.31	0.32	0.34	-0.08	0.18	0.32	0.35	0.18	-0.21	0.77	0.33	-0.52	0.45	0.27	0.26	0.32	-0.33	-0.08		0.3	0.23
Current Deferred Revenue	-0.01	0.37	0.5	0.22	0.21	0.31	0.41	0.5	-0.23	-0.26	0.4	0.64	-0.26	-0.11	0.36	0.4	0.03	0.54	0.46	0.39	0.47	-0.21	0.29	0.3		0.15
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	0.41	0.51	0.91	0.4	0.67	0.82	0.92	0.88	0.51	0.31	0.23	0.15

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	133.5M	200.6M	167.4M	158.2M	142.3M	164.1M
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	393.1M	392.5M	203.9M	234.5M	156.5M
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	160.5M	249.7M	271.2M	148.7M	170.9M	162.2M
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	157.0M	166.6M	189.8M	156.0M	179.3M	142.7M
Other Stockholder Equity	500.5M	490.1M	512.9M	558.7M	642.5M	674.6M
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	61.4M	55.3M	43.9M
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

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

0.73	NI	NiSource	Pair Corr
0.83	SR	Spire Inc	Pair Corr
0.7	ATO	Atmos Energy	Pair Corr
0.93	BKH	Black Hills	Pair Corr
0.93	CPK	Chesapeake Utilities	Pair Corr

Moving against NewJersey Stock

0.31

NFE

New Fortress Energy

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