NewJersey Resources Corporation (NJR)

Financial leverage ratio

Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020
Total assets US$ in thousands 7,578,780 7,274,160 7,265,580 7,193,960 6,981,640 6,784,120 6,647,380 6,749,050 6,537,500 6,312,580 6,296,130 6,610,090 6,261,420 6,161,920 5,870,000 5,981,160 5,722,280 5,408,620 5,425,130 5,396,900
Total stockholders’ equity US$ in thousands 2,391,670 2,423,620 2,477,910 2,312,680 2,200,440 2,143,020 2,179,220 2,066,200 1,990,740 1,995,240 2,000,840 1,922,800 1,817,210 1,768,680 1,784,290 1,716,980 1,630,860 1,682,070 1,821,830 1,698,210
Financial leverage ratio 3.17 3.00 2.93 3.11 3.17 3.17 3.05 3.27 3.28 3.16 3.15 3.44 3.45 3.48 3.29 3.48 3.51 3.22 2.98 3.18

September 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,578,780K ÷ $2,391,670K
= 3.17