NJRNew Jersey Resources Corporation
Is it safe?
Solid, nothing alarming. Balance sheet to watch.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$167K, 90 days to Oct 9, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -51% · now 15% below its 52-week high.
Unless marked, from SEC EDGAR, as of Sep 30, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can NJR take a bad year?
New Jersey Resources Corporation carries $3.67B of net debt at 4.86× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q3 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.86×
Net debt / EBITDA · 4.23× a year ago · the load is going up
- Altman Z-score
- 1.30
Altman Z-score · distress zone, below 1.8
- Interest cover
- 4.05×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ3 2026
- $3.70B
- Cash and short-term investments
- $34M
- Net debt
- $3.67B
- EBITDA, trailing twelve months
- $754M
- Operating profit, trailing twelve months
- $553M
- Debt / equity
- 1.40×
- Total debt / EBITDA
- 4.91×
- Annualised volatilitytwo years of daily moves
- 18%
- Worst drawdown on file
- −51%
- Below its 52-week high
- 15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities, Regulated Gas
Ranks #4 of 11 by RyuScore