New Jersey Resources (NJR) Debt Ratio (2009 - 2026)
New Jersey Resources' (NJR) quarterly Debt Ratio came in at 0.43 in Q1 2026, up 2.31% YoY from 0.42 in Q1 2025, and little changed on a QoQ basis from 0.43 in Q4 2025.
New Jersey Resources (NJR) Debt Ratio (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has 18 years of Debt Ratio data on file, last reported at 0.43 in Q1 2026.
- Quarterly Debt Ratio rose 2.31% year-over-year to 0.43 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.43 (up 2.31% YoY) and the FY2025 annual result came in at 0.45, down 0.99% from the prior year.
- Debt Ratio steadied at 0.43 in Q1 2026, from 0.43 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.48 in Q4 2022 to a low of 0.41 in Q3 2022.
- A 5-year average of 0.45 and a median of 0.45 in 2022 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio rose 21.56% — and 2023, when it retreated 8.16%.
- Tracing NJR's Debt Ratio over 5 years: stood at 0.48 in 2022, then dropped by 8.16% to 0.44 in 2023, then fell by 2.3% to 0.43 in 2024, then advanced by 1.47% to 0.43 in 2025, then fell by 0.16% to 0.43 in 2026.
- The last three Debt Ratio figures came in at 0.43 (Q1 2026), 0.43 (Q4 2025), and 0.45 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.94 Bn | 28.41 Bn | - | 0.32 |
| 2 | Nisource | 20.10 Bn | 20.03 Bn | 867.50 Mn | 0.45 |
| 3 | Ugi | 8.16 Bn | 7.69 Bn | 573.00 Mn | 0.43 |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 0.40 |
| 5 | New Jersey Resources | 5.56 Bn | 5.52 Bn | 243.61 Mn | 0.43 |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 0.33 |
| 7 | Mdu Resources | 4.31 Bn | 4.26 Bn | - | 0.33 |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | 0.42 |
| 9 | Centuri Holdings | 2.22 Bn | 2.18 Bn | 69.14 Mn | 0.30 |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.43 Bn | 572.00 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.43 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.46 |
| Mar 31, 2025 | 0.42 |
| Dec 31, 2024 | 0.43 |
| Sep 30, 2024 | 0.45 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.44 |
| Sep 30, 2023 | 0.46 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | 0.44 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.41 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.45 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.39 |