New Fortress Energy Balance Sheet Health
Financial Health criteria checks 1/6
New Fortress Energy has a total shareholder equity of $1.8B and total debt of $6.8B, which brings its debt-to-equity ratio to 382.7%. Its total assets and total liabilities are $10.5B and $8.7B respectively. New Fortress Energy's EBIT is $931.2M making its interest coverage ratio 3.4. It has cash and short-term investments of $155.4M.
Key information
382.7%
Debt to equity ratio
US$6.80b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$155.41m |
| Equity | US$1.78b |
| Total liabilities | US$8.72b |
| Total assets | US$10.50b |
Recent financial health updates
New Fortress Energy (NASDAQ:NFE) Takes On Some Risk With Its Use Of Debt
Apr 28
New Fortress Energy (NASDAQ:NFE) Takes On Some Risk With Its Use Of Debt
Nov 10We Think New Fortress Energy (NASDAQ:NFE) Is Taking Some Risk With Its Debt
May 09Does New Fortress Energy (NASDAQ:NFE) Have A Healthy Balance Sheet?
Jan 19Recent updates
New 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 28New Fortress Energy Inc. (NASDAQ:NFE) Looks Just Right
Apr 07Here's Why We Think New Fortress Energy (NASDAQ:NFE) Is Well Worth Watching
Mar 20New Fortress Energy (NASDAQ:NFE) Takes On Some Risk With Its Use Of Debt
Nov 10New Fortress Energy goes ex-dividend on Tuesday
Sep 02New Fortress Energy: A Golden Decade May Lie Ahead
Aug 13Forecast: Analysts Think New Fortress Energy Inc.'s (NASDAQ:NFE) Business Prospects Have Improved Drastically
Aug 12New Fortress Energy Q2 2022 Earnings Preview
Aug 03Are Investors Undervaluing New Fortress Energy Inc. (NASDAQ:NFE) By 30%?
Jul 06Analysts Just Made A Major Revision To Their New Fortress Energy Inc. (NASDAQ:NFE) Revenue Forecasts
May 14We Think New Fortress Energy (NASDAQ:NFE) Is Taking Some Risk With Its Debt
May 09New Fortress: $2-$2.5 Billion In New Liquidity Could Make The Price Spike
May 03New Fortress Energy Inc. (NASDAQ:NFE) Shares Could Be 37% Below Their Intrinsic Value Estimate
Apr 04Robust Earnings May Not Tell The Whole Story For New Fortress Energy (NASDAQ:NFE)
Mar 08New Fortress To Generate At Least $1 Billion In Annual Free Cash Flow
Jan 24Does New Fortress Energy (NASDAQ:NFE) Have A Healthy Balance Sheet?
Jan 19Financial Position Analysis
Short Term Liabilities: NFE's short term assets ($980.0M) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: NFE's short term assets ($980.0M) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: NFE's net debt to equity ratio (373.9%) is considered high.
Reducing Debt: NFE's debt to equity ratio has increased from 96.6% to 382.7% over the past 5 years.
Debt Coverage: NFE's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: NFE's interest payments on its debt are well covered by EBIT (3.4x coverage).