NewJersey Current Deferred Revenue vs Short Long Term Debt Total Analysis
NJR Stock | USD 46.51 0.48 1.04% |
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 Current Deferred Revenue and its Short Long Term Debt Total 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.
Current Deferred Revenue vs Short Long Term Debt Total
Current Deferred Revenue vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Current Deferred Revenue account and Short Long Term Debt Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NewJersey Resources' Current Deferred Revenue and Short Long Term Debt Total is 0.52. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Short Long Term Debt Total 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' Current Deferred Revenue and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of NewJersey Resources are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Current Deferred Revenue i.e., NewJersey Resources' Current Deferred Revenue and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Short Long Term Debt Total
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 12/23/2024, 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 | 696.5M | 389.5M | Total Revenue | 2.9B | 2.0B | 1.8B | 1.9B |
NewJersey Resources fundamental ratios Correlations
Click cells to compare fundamentals
NewJersey Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 3.5B | 3.7B | |
Other Current Liab | 133.5M | 200.6M | 167.4M | 158.2M | 97.0M | 161.3M | |
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 | 2.2B | 2.3B | |
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 | 3.5B | 3.7B | |
Accounts Payable | 238.2M | 393.1M | 392.5M | 203.9M | 226.7M | 159.5M | |
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 | 660.0M | 693.0M | |
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 | 493.3M | 517.9M | |
Common Stock | 240.2M | 240.6M | 241.6M | 243.5M | 248.2M | 145.5M | |
Current Deferred Revenue | 25.9M | 32.6M | 68.8M | 61.4M | 60.2M | 44.2M | |
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
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Moving against NewJersey Stock
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.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.