Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Fortress Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,671 Mil. New Fortress Energy's Total Assets for the quarter that ended in Mar. 2024 was $10,880 Mil.
Therefore, New Fortress Energy's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.15.
The historical rank and industry rank for New Fortress Energy's Equity-to-Asset or its related term are showing as below:
NFE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.16 Max: 0.74
Current: 0.15
During the past 8 years, the highest Equity to Asset Ratio of New Fortress Energy was 0.74. The lowest was 0.05. And the median was 0.16.
NFE's Equity-to-Asset is ranked worse than 91.73% of 520
companies
in the Utilities - Regulated industry
Industry Median: 0.37
vs NFE: 0.15
New Fortress Energy Equity-to-Asset Historical Data
The historical data trend for New Fortress Energy's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of New Fortress Energy's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, New Fortress Energy's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Fortress Energy's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Fortress Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where New Fortress Energy's Equity-to-Asset falls into.
New Fortress Energy Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
New Fortress Energy's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Fortress Energy (NAS:NFE) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
New Fortress Energy Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of New Fortress Energy's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Fortress Energy (New Fortress Energy) Business Description
New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.
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