New Fortress Energy Balance Sheet Health
Financial Health criteria checks 1/6
New Fortress Energy has a total shareholder equity of $1.9B and total debt of $7.0B, which brings its debt-to-equity ratio to 370.5%. Its total assets and total liabilities are $10.9B and $9.0B respectively. New Fortress Energy's EBIT is $922.5M making its interest coverage ratio 3.3. It has cash and short-term investments of $143.5M.
Key information
370.5%
Debt to equity ratio
US$7.03b
Debt
Interest coverage ratio | 3.3x |
Cash | US$143.46m |
Equity | US$1.90b |
Total liabilities | US$8.98b |
Total assets | US$10.88b |
Recent financial health updates
New Fortress Energy (NASDAQ:NFE) Takes On Some Risk With Its Use Of Debt
Apr 28New 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 09Recent 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 08Financial Position Analysis
Short Term Liabilities: NFE's short term assets ($1.0B) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: NFE's short term assets ($1.0B) do not cover its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: NFE's net debt to equity ratio (363%) is considered high.
Reducing Debt: NFE's debt to equity ratio has increased from 96.1% to 370.5% over the past 5 years.
Debt Coverage: NFE's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: NFE's interest payments on its debt are well covered by EBIT (3.3x coverage).