NewJersey Long Term Debt vs Short Term Investments Analysis

NJR Stock

USD 51.61 0.90 1.77%

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 Debt and its Short Term Investments 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.

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

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

The correlation between NewJersey Resources' Long Term Debt and Short Term Investments is -0.27. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Investments 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 Debt and Short Term Investments 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 Debt of NewJersey Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Debt i.e., NewJersey Resources' Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Debt

Long-term debt is a debt that NewJersey Resources has held for over one year. Long-term debt appears on NewJersey Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on NewJersey Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Investments

Short Term Investments is an item under the current assets section of NewJersey Resources balance sheet. It contains any investments NewJersey Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NewJersey Resources can easily liquidate in the marketplace.

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 11/28/2024, 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	1.4B	1.5B
Total Revenue	2.9B	2.0B	1.8B	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	0.61	0.52	0.72	0.43	0.68	0.61	0.66	0.15	0.69	0.01	0.15	0.61	0.05	0.69	0.65	0.57	-0.09	0.74	0.62	0.77	0.43	0.15	-0.2	0.82
Total Assets	0.74		0.97	0.79	0.58	0.84	1.0	0.97	0.24	0.07	1.0	0.55	0.07	0.27	0.58	0.99	0.35	0.87	-0.51	1.0	0.98	0.38	0.29	0.61	0.15	0.93
Short Long Term Debt Total	0.61	0.97		0.76	0.55	0.79	0.98	1.0	0.15	0.09	0.98	0.61	0.09	0.2	0.63	0.98	0.25	0.93	-0.46	0.98	0.98	0.25	0.31	0.57	0.3	0.83
Other Current Liab	0.52	0.79	0.76		0.48	0.88	0.8	0.77	0.09	-0.06	0.8	0.53	-0.06	0.04	0.49	0.78	0.26	0.78	-0.77	0.79	0.83	0.18	0.11	0.8	-0.11	0.71
Total Current Liabilities	0.72	0.58	0.55	0.48		0.3	0.55	0.56	0.77	-0.22	0.53	0.15	-0.22	0.8	-0.09	0.48	0.76	0.56	-0.06	0.62	0.53	0.74	0.88	0.1	0.09	0.52
Total Stockholder Equity	0.43	0.84	0.79	0.88	0.3		0.85	0.79	-0.12	-0.07	0.85	0.68	-0.07	-0.03	0.6	0.83	0.2	0.68	-0.89	0.82	0.88	0.14	-0.02	0.94	-0.02	0.79
Property Plant And Equipment Net	0.68	1.0	0.98	0.8	0.55	0.85		0.98	0.18	0.05	1.0	0.59	0.05	0.22	0.62	0.99	0.29	0.89	-0.53	0.99	0.99	0.31	0.27	0.63	0.18	0.91
Net Debt	0.61	0.97	1.0	0.77	0.56	0.79	0.98		0.15	0.07	0.98	0.62	0.07	0.2	0.63	0.98	0.25	0.93	-0.47	0.98	0.98	0.25	0.32	0.58	0.3	0.84
Accounts Payable	0.66	0.24	0.15	0.09	0.77	-0.12	0.18	0.15		-0.07	0.17	-0.35	-0.07	0.91	-0.3	0.14	0.63	0.17	0.35	0.25	0.12	0.82	0.65	-0.32	-0.18	0.3
Cash	0.15	0.07	0.09	-0.06	-0.22	-0.07	0.05	0.07	-0.07		0.06	-0.31	1.0	-0.07	0.1	0.14	-0.14	0.21	0.18	0.07	0.0	0.06	-0.24	-0.14	-0.2	0.02
Non Current Assets Total	0.69	1.0	0.98	0.8	0.53	0.85	1.0	0.98	0.17	0.06		0.59	0.06	0.2	0.63	1.0	0.28	0.88	-0.53	0.99	0.99	0.31	0.25	0.63	0.17	0.92
Non Currrent Assets Other	0.01	0.55	0.61	0.53	0.15	0.68	0.59	0.62	-0.35	-0.31	0.59		-0.31	-0.27	0.66	0.56	-0.11	0.47	-0.61	0.54	0.64	-0.18	0.08	0.66	0.42	0.47
Cash And Short Term Investments	0.15	0.07	0.09	-0.06	-0.22	-0.07	0.05	0.07	-0.07	1.0	0.06	-0.31		-0.07	0.1	0.14	-0.14	0.21	0.18	0.07	0.0	0.06	-0.24	-0.14	-0.2	0.02
Net Receivables	0.61	0.27	0.2	0.04	0.8	-0.03	0.22	0.2	0.91	-0.07	0.2	-0.27	-0.07		-0.32	0.17	0.74	0.19	0.24	0.3	0.17	0.87	0.77	-0.21	-0.09	0.3
Common Stock Total Equity	0.05	0.58	0.63	0.49	-0.09	0.6	0.62	0.63	-0.3	0.1	0.63	0.66	0.1	-0.32		0.64	-0.51	0.58	-0.45	0.56	0.63	-0.35	-0.28	0.53	0.19	0.5
Non Current Liabilities Total	0.69	0.99	0.98	0.78	0.48	0.83	0.99	0.98	0.14	0.14	1.0	0.56	0.14	0.17	0.64		0.25	0.89	-0.51	0.99	0.98	0.28	0.19	0.61	0.17	0.91
Inventory	0.65	0.35	0.25	0.26	0.76	0.2	0.29	0.25	0.63	-0.14	0.28	-0.11	-0.14	0.74	-0.51	0.25		0.23	-0.07	0.37	0.27	0.84	0.7	0.07	-0.04	0.38
Other Current Assets	0.57	0.87	0.93	0.78	0.56	0.68	0.89	0.93	0.17	0.21	0.88	0.47	0.21	0.19	0.58	0.89	0.23		-0.4	0.89	0.9	0.19	0.32	0.49	0.3	0.67
Other Stockholder Equity	-0.09	-0.51	-0.46	-0.77	-0.06	-0.89	-0.53	-0.47	0.35	0.18	-0.53	-0.61	0.18	0.24	-0.45	-0.51	-0.07	-0.4		-0.49	-0.59	0.07	0.2	-0.99	0.14	-0.48
Total Liab	0.74	1.0	0.98	0.79	0.62	0.82	0.99	0.98	0.25	0.07	0.99	0.54	0.07	0.3	0.56	0.99	0.37	0.89	-0.49		0.98	0.39	0.34	0.59	0.17	0.91
Property Plant And Equipment Gross	0.62	0.98	0.98	0.83	0.53	0.88	0.99	0.98	0.12	0.0	0.99	0.64	0.0	0.17	0.63	0.98	0.27	0.9	-0.59	0.98		0.25	0.25	0.69	0.22	0.87
Total Current Assets	0.77	0.38	0.25	0.18	0.74	0.14	0.31	0.25	0.82	0.06	0.31	-0.18	0.06	0.87	-0.35	0.28	0.84	0.19	0.07	0.39	0.25		0.62	-0.05	-0.2	0.49
Short Term Debt	0.43	0.29	0.31	0.11	0.88	-0.02	0.27	0.32	0.65	-0.24	0.25	0.08	-0.24	0.77	-0.28	0.19	0.7	0.32	0.2	0.34	0.25	0.62		-0.17	0.26	0.19
Common Stock	0.15	0.61	0.57	0.8	0.1	0.94	0.63	0.58	-0.32	-0.14	0.63	0.66	-0.14	-0.21	0.53	0.61	0.07	0.49	-0.99	0.59	0.69	-0.05	-0.17		-0.08	0.56
Current Deferred Revenue	-0.2	0.15	0.3	-0.11	0.09	-0.02	0.18	0.3	-0.18	-0.2	0.17	0.42	-0.2	-0.09	0.19	0.17	-0.04	0.3	0.14	0.17	0.22	-0.2	0.26	-0.08		-0.06
Retained Earnings	0.82	0.93	0.83	0.71	0.52	0.79	0.91	0.84	0.3	0.02	0.92	0.47	0.02	0.3	0.5	0.91	0.38	0.67	-0.48	0.91	0.87	0.49	0.19	0.56	-0.06

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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	99.3M	85.4M
Total Assets	5.3B	5.7B	6.3B	6.5B	7.0B	7.3B
Short Long Term Debt Total	2.5B	2.8B	3.1B	3.3B	3.2B	3.4B
Other Current Liab	133.5M	200.6M	167.4M	158.2M	429.1M	233.6M
Total Current Liabilities	533.7M	1.1B	1.1B	806.6M	887.8M	644.9M
Total Stockholder Equity	1.6B	1.6B	1.8B	2.0B	4.4B	4.6B
Property Plant And Equipment Net	3.9B	4.4B	4.8B	5.2B	5.6B	5.9B
Net Debt	2.4B	2.8B	3.1B	3.3B	3.2B	3.4B
Accounts Payable	238.2M	393.1M	392.5M	203.9M	227.6M	159.6M
Cash	117.0M	4.7M	1.1M	954K	1.0M	966.2K
Non Current Assets Total	4.7B	5.1B	5.5B	6.0B	6.4B	6.7B
Non Currrent Assets Other	85.7M	49.9M	490.2M	666.7M	706.3M	741.6M
Cash And Short Term Investments	117.0M	4.7M	1.1M	954K	1.0M	966.2K
Net Receivables	160.5M	249.7M	271.2M	120.7M	117.1M	160.1M
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	7.0B	7.3B
Non Current Liabilities Total	3.1B	3.0B	3.3B	3.7B	3.9B	4.1B
Inventory	187.9M	213.2M	294.0M	226.5M	237.6M	235.6M
Other Current Assets	157.0M	166.6M	189.8M	156.0M	198.9M	145.2M
Other Stockholder Equity	500.5M	490.1M	512.9M	558.7M	(4.4B)	(4.2B)
Total Liab	3.7B	4.1B	4.4B	4.5B	4.8B	5.0B
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	554.6M	605.5M
Short Term Debt	159.3M	454.4M	503.6M	373.0M	198.9M	220.0M
Common Stock	240.2M	240.6M	241.6M	243.5M	3.1B	3.2B
Current Deferred Revenue	25.9M	32.6M	68.8M	61.4M	21.6M	42.4M
Retained Earnings	947.5M	934.6M	1.1B	1.2B	1.3B	1.4B
Accumulated Other Comprehensive Income	(44.3M)	(34.5M)	(4.8M)	10.8M	(6.5M)	(6.8M)
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

0.82	NI	NiSource	Pair Corr
0.94	SR	Spire Inc	Pair Corr
0.79	ATO	Atmos Energy	Pair Corr
0.95	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.

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