NewJersey Resources Corporation (NJR)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,017 | 954 | 1,107 | 4,749 | 117,012 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 887,774 | 806,603 | 1,104,150 | 1,051,410 | 533,722 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,017K
+ $—K)
÷ $887,774K
= 0.00
The cash ratio for NewJersey Resources Corporation has been consistently at 0.00 for the last five years, indicating that the company has not had enough cash and cash equivalents on hand to cover its current liabilities during these periods. This may suggest that the company relies on other forms of current assets, such as accounts receivable or inventory, to meet its short-term obligations rather than holding significant amounts of cash. It is important for the company to carefully manage its liquidity position to ensure it has the ability to meet its financial obligations as they come due.
Peer comparison
Sep 30, 2024