New Fortress Energy Balance Sheet Health
Financial Health criteria checks 0/6
New Fortress Energy has a total shareholder equity of $1.8B and total debt of $8.0B, which brings its debt-to-equity ratio to 448.2%. Its total assets and total liabilities are $12.0B and $10.2B respectively. New Fortress Energy's EBIT is $689.8M making its interest coverage ratio 2.5. It has cash and short-term investments of $90.8M.
Key information
448.2%
Debt to equity ratio
US$8.01b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$90.84m |
| Equity | US$1.79b |
| Total liabilities | US$10.18b |
| Total assets | US$11.97b |
Recent financial health updates
Recent updates
New Fortress Energy: Investors Cheer Potential Asset Sales And Higher LNG Prices - Hold
Dec 06New Fortress: Q3 Set To Miss Guidance As Execution Becomes Critical
Oct 24New Fortress Energy: Running Out Of Time And Money, Sell
Oct 01Lacklustre Performance Is Driving New Fortress Energy Inc.'s (NASDAQ:NFE) 27% Price Drop
Sep 26
New Fortress Energy: Avoid On Poor Execution And Mounting Debt Issues
Sep 19Are New Fortress Energy Inc. (NASDAQ:NFE) Investors Paying Above The Intrinsic Value?
Sep 11New Fortress: Refinancing Is Secured, Time To Look Ahead
Aug 28Lacklustre Performance Is Driving New Fortress Energy Inc.'s (NASDAQ:NFE) 34% Price Drop
Aug 10New Fortress Energy: Highlighting Balance Sheet Frustrations
Jul 17New Fortress Energy Inc.'s (NASDAQ:NFE) Shares Not Telling The Full Story
Jun 13New Fortress Energy's Recent Contracts Could Enhance The Stock Price
Apr 04Earnings Beat: New Fortress Energy Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Mar 03It's A Story Of Risk Vs Reward With New Fortress Energy Inc. (NASDAQ:NFE)
Feb 26If EPS Growth Is Important To You, New Fortress Energy (NASDAQ:NFE) Presents An Opportunity
Jan 03Are New Fortress Energy Inc. (NASDAQ:NFE) Investors Paying Above The Intrinsic Value?
Dec 08Here's Why New Fortress Energy (NASDAQ:NFE) Has Caught The Eye Of Investors
Aug 09Estimating The Intrinsic Value Of New Fortress Energy Inc. (NASDAQ:NFE)
May 19New Fortress Energy (NASDAQ:NFE) Takes On Some Risk With Its Use Of Debt
Apr 28Financial Position Analysis
Short Term Liabilities: NFE's short term assets ($1.0B) do not cover its short term liabilities ($2.7B).
Long Term Liabilities: NFE's short term assets ($1.0B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: NFE's net debt to equity ratio (443.1%) is considered high.
Reducing Debt: NFE's debt to equity ratio has increased from 144.4% to 448.2% over the past 5 years.
Debt Coverage: NFE's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: NFE's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
New Fortress Energy Inc. is covered by 27 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Theresa Chen | Barclays |
| Marc Solecitto | Barclays |