Company / Interest Expense
New Jersey Resources Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$123.0M
FY2023
5-year range
$78.6M / $123.0M
FY2019-FY2023
Trend
+43.3%
vs FY2022
Sector context
#25 of 29
Utilities
What the data says
New Jersey Resources's interest expense of $123M is lower than 86% of companies in the Utilities sector (FY2023). Interest Expense has increased for 7 consecutive years, from $31M in FY2016 to $123M in FY2023.
Based on SEC 10-K filings.
$123M in FY2023 with a 5-year CAGR of +21.6%.
Increased from $79M to $123M over the past 2 years.
Utilities sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +22.1%
- 5-Year CAGR
- +21.6%
- 10-Year CAGR
- -
Sector benchmark
Top 14% in UtilitiesTop 14% of 29This company $123.0M Sector average $724.4M
▼
-83.0% below sector average
Key checks
Key Insights
- New Jersey Resources's interest expense has grown for 7 consecutive years.
- 5-year CAGR of +21.6%, indicating consistent growth.
- In FY2023, interest expense increased 43.3% year-over-year.
- Ranks #25 out of 29 companies in the Utilities sector.
Company context
Key Data Points
- Altman Z-Score 0.72 (distress zone, below 1.8 threshold)
- Strong profit margin: 24.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $123.0M | +43.3% |
| FY2022 | $85.8M | +9.3% |
| FY2021 | $78.6M | +16.2% |
| FY2020 | $67.6M | +43.6% |
| FY2019 | $47.1M | +1.7% |
| FY2018 | $46.3M | +3.1% |
| FY2017 | $44.9M | +44.6% |
| FY2016 | $31.0M | +12.0% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026