New Jersey Resources Corporation Current Ratio:
1.035 for March 31, 2013New Jersey Resources Corporation Historical Current Ratio Data
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| Data for this Date Range | |
|---|---|
| March 31, 2013 | 1.035 |
| Dec. 31, 2012 | 0.968 |
| Sept. 30, 2012 | 0.9911 |
| June 30, 2012 | 0.9922 |
| March 31, 2012 | 1.064 |
| Dec. 31, 2011 | 1.035 |
| Sept. 30, 2011 | 1.041 |
| June 30, 2011 | 1.175 |
| March 31, 2011 | 1.212 |
| Dec. 31, 2010 | 1.090 |
| Sept. 30, 2010 | 1.112 |
| June 30, 2010 | 1.256 |
| March 31, 2010 | 1.264 |
| Dec. 31, 2009 | 1.238 |
| Sept. 30, 2009 | 1.213 |
| June 30, 2009 | 1.231 |
| March 31, 2009 | 1.170 |
| Dec. 31, 2008 | 1.168 |
| Sept. 30, 2008 | 1.241 |
| June 30, 2008 | 1.152 |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
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| Dec. 31, 2000 | Go Pro |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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NJR Current Ratio Benchmarks
| Companies | |
|---|---|
| PAA Natural Gas Storage | 0.9038 |
| South Jersey Industries | 0.7397 |
| Northwest Natural Gas | 0.8215 |
NJR Current Ratio Rankings
| Overall |
51st percentile 3686 of 7593 |
| Sector |
58th percentile 52 of 125 in Utilities |
| Industry |
62nd percentile 11 of 29 in Utilities - Regulated Gas |
NJR Current Ratio Range, Past 5 Years
| Minimum | 0.9680 | Dec 2012 |
| Maximum | 1.264 | Mar 2010 |
| Average | 1.133 |
