NewJersey Net Borrowings vs Stock Based Compensation Analysis

NJR Stock

USD 42.27 0.02 0.05%

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 Net Borrowings and its Stock Based Compensation 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.

Net Borrowings vs Stock Based Compensation

Net Borrowings vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Net Borrowings account and Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between NewJersey Resources' Net Borrowings and Stock Based Compensation is -0.03. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Stock Based Compensation 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' Net Borrowings and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of NewJersey Resources are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Borrowings i.e., NewJersey Resources' Net Borrowings and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

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 06/26/2024, 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	0.68	0.72	0.74	0.7	0.62	0.61	0.12	0.7	0.1	0.12	0.51	0.1	0.69	0.65	0.44	0.27	0.73	0.66	0.75	0.53	0.14	0.18	0.82
Total Assets	0.74		0.98	0.81	0.56	0.99	1.0	0.98	0.19	0.05	1.0	0.6	0.05	0.14	0.59	0.99	0.37	0.58	0.07	1.0	0.99	0.4	0.41	0.28	0.66	0.94
Short Long Term Debt Total	0.62	0.98		0.75	0.52	0.95	0.99	1.0	0.09	0.06	0.99	0.67	0.06	0.01	0.65	0.98	0.27	0.53	0.06	0.98	0.99	0.26	0.41	0.34	0.75	0.85
Other Current Liab	0.68	0.81	0.75		0.65	0.78	0.79	0.75	0.51	0.03	0.79	0.2	0.03	0.41	0.32	0.77	0.44	0.31	0.36	0.82	0.78	0.55	0.43	0.04	0.29	0.77
Total Current Liabilities	0.72	0.56	0.52	0.65		0.5	0.54	0.52	0.76	-0.22	0.52	0.16	-0.22	0.7	-0.08	0.47	0.77	0.16	0.35	0.59	0.54	0.75	0.94	-0.03	0.2	0.51
Total Stockholder Equity	0.74	0.99	0.95	0.78	0.5		0.98	0.95	0.17	0.05	0.99	0.61	0.05	0.11	0.62	0.98	0.32	0.59	0.04	0.98	0.97	0.38	0.33	0.31	0.63	0.97
Property Plant And Equipment Net	0.7	1.0	0.99	0.79	0.54	0.98		0.99	0.15	0.04	1.0	0.63	0.04	0.08	0.63	0.99	0.32	0.58	0.06	1.0	1.0	0.33	0.4	0.32	0.7	0.92
Net Debt	0.62	0.98	1.0	0.75	0.52	0.95	0.99		0.09	0.03	0.99	0.68	0.03	0.01	0.65	0.98	0.28	0.53	0.05	0.98	1.0	0.26	0.42	0.34	0.75	0.85
Accounts Payable	0.61	0.19	0.09	0.51	0.76	0.17	0.15	0.09		-0.07	0.13	-0.35	-0.07	0.85	-0.3	0.09	0.62	-0.25	0.68	0.2	0.12	0.81	0.59	-0.07	-0.37	0.28
Cash	0.12	0.05	0.06	0.03	-0.22	0.05	0.04	0.03	-0.07		0.05	-0.31	1.0	-0.13	0.1	0.11	-0.15	-0.07	0.44	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Non Current Assets Total	0.7	1.0	0.99	0.79	0.52	0.99	1.0	0.99	0.13	0.05		0.63	0.05	0.07	0.63	1.0	0.31	0.59	0.04	0.99	0.99	0.33	0.38	0.32	0.69	0.92
Non Currrent Assets Other	0.1	0.6	0.67	0.2	0.16	0.61	0.63	0.68	-0.35	-0.31	0.63		-0.31	-0.3	0.66	0.62	-0.06	0.52	-0.47	0.6	0.66	-0.14	0.23	0.35	0.84	0.51
Cash And Short Term Investments	0.12	0.05	0.06	0.03	-0.22	0.05	0.04	0.03	-0.07	1.0	0.05	-0.31		-0.13	0.1	0.11	-0.15	-0.07	0.44	0.05	0.0	0.05	-0.28	0.18	-0.26	0.01
Net Receivables	0.51	0.14	0.01	0.41	0.7	0.11	0.08	0.01	0.85	-0.13	0.07	-0.3	-0.13		-0.45	0.02	0.76	-0.1	0.44	0.15	0.04	0.89	0.61	-0.45	-0.37	0.25
Common Stock Total Equity	0.1	0.59	0.65	0.32	-0.08	0.62	0.63	0.65	-0.3	0.1	0.63	0.66	0.1	-0.45		0.65	-0.48	0.36	-0.06	0.57	0.63	-0.32	-0.16	0.77	0.51	0.51
Non Current Liabilities Total	0.69	0.99	0.98	0.77	0.47	0.98	0.99	0.98	0.09	0.11	1.0	0.62	0.11	0.02	0.65		0.27	0.59	0.05	0.99	0.99	0.3	0.32	0.33	0.69	0.91
Inventory	0.65	0.37	0.27	0.44	0.77	0.32	0.32	0.28	0.62	-0.15	0.31	-0.06	-0.15	0.76	-0.48	0.27		0.24	0.15	0.39	0.31	0.85	0.72	-0.52	0.1	0.4
Other Current Assets	0.44	0.58	0.53	0.31	0.16	0.59	0.58	0.53	-0.25	-0.07	0.59	0.52	-0.07	-0.1	0.36	0.59	0.24		-0.5	0.57	0.56	0.1	0.15	0.1	0.6	0.63
Other Stockholder Equity	0.27	0.07	0.06	0.36	0.35	0.04	0.06	0.05	0.68	0.44	0.04	-0.47	0.44	0.44	-0.06	0.05	0.15	-0.5		0.09	0.03	0.39	0.2	0.15	-0.45	0.03
Total Liab	0.73	1.0	0.98	0.82	0.59	0.98	1.0	0.98	0.2	0.05	0.99	0.6	0.05	0.15	0.57	0.99	0.39	0.57	0.09		0.99	0.4	0.45	0.26	0.67	0.92
Property Plant And Equipment Gross	0.66	0.99	0.99	0.78	0.54	0.97	1.0	1.0	0.12	0.0	0.99	0.66	0.0	0.04	0.63	0.99	0.31	0.56	0.03	0.99		0.29	0.41	0.32	0.74	0.88
Total Current Assets	0.75	0.4	0.26	0.55	0.75	0.38	0.33	0.26	0.81	0.05	0.33	-0.14	0.05	0.89	-0.32	0.3	0.85	0.1	0.39	0.4	0.29		0.6	-0.33	-0.14	0.51
Short Term Debt	0.53	0.41	0.41	0.43	0.94	0.33	0.4	0.42	0.59	-0.28	0.38	0.23	-0.28	0.61	-0.16	0.32	0.72	0.15	0.2	0.45	0.41	0.6		-0.08	0.24	0.31
Common Stock	0.14	0.28	0.34	0.04	-0.03	0.31	0.32	0.34	-0.07	0.18	0.32	0.35	0.18	-0.45	0.77	0.33	-0.52	0.1	0.15	0.26	0.32	-0.33	-0.08		0.2	0.23
Current Deferred Revenue	0.18	0.66	0.75	0.29	0.2	0.63	0.7	0.75	-0.37	-0.26	0.69	0.84	-0.26	-0.37	0.51	0.69	0.1	0.6	-0.45	0.67	0.74	-0.14	0.24	0.2		0.5
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	0.25	0.51	0.91	0.4	0.63	0.03	0.92	0.88	0.51	0.31	0.23	0.5

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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	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	110.2M	169.6M	139.3M	123.3M	111.0M	161.0M
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	394.8M	392.5M	203.9M	234.5M	156.6M
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	136.2M	198.5M	216.7M	105.6M	121.4M	155.9M
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	57.6M	50.4M	62.4M	94.7M	85.2M	93.0M
Other Stockholder Equity	500.5M	490.1M	512.9M	(9.3M)	(8.4M)	(7.9M)
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	106.3M	95.7M	100.5M
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

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NewJersey Net Borrowings vs Stock Based Compensation Analysis

Net Borrowings vs Stock Based Compensation

Net Borrowings vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

Net Borrowings

Stock Based Compensation

NewJersey Resources fundamental ratios Correlations

NewJersey Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NewJersey Resources fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for NewJersey Stock Analysis

COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Common Stock	- 0.52	Inventory
Other Stockholder Equity	- 0.5	Other Current Assets
Inventory	- 0.48	Common Stock Total Equity
Other Stockholder Equity	- 0.47	Non Currrent Assets Other
Current Deferred Revenue	- 0.45	Other Stockholder Equity
Common Stock	- 0.45	Net Receivables