NewJersey Resources Corporation (NJR)
Financial leverage ratio
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,578,780 | 6,981,640 | 6,537,500 | 6,261,420 | 5,722,280 |
| Total stockholders’ equity | US$ in thousands | 2,391,670 | 2,200,440 | 1,990,740 | 1,817,210 | 1,630,860 |
| Financial leverage ratio | 3.17 | 3.17 | 3.28 | 3.45 | 3.51 |
September 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,578,780K ÷ $2,391,670K
= 3.17
Peer comparison
Sep 30, 2025
Company name
Symbol
Financial leverage ratio
NewJersey Resources Corporation
NJR
3.17
Atmos Energy Corporation
ATO
2.13
Spire Inc
SR
3.42
UGI Corporation
UGI
3.24