New Fortress Energy (FRA:NF0) Debt-to-Equity : 4.62 (As of Mar. 2024)

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What is New Fortress Energy Debt-to-Equity?

New Fortress Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €404 Mil. New Fortress Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €6,704 Mil. New Fortress Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €1,538 Mil. New Fortress Energy's debt to equity for the quarter that ended in Mar. 2024 was 4.62.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for New Fortress Energy's Debt-to-Equity or its related term are showing as below:

FRA:NF0' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 4.21 Max: 14.54
Current: 4.62

During the past 8 years, the highest Debt-to-Equity Ratio of New Fortress Energy was 14.54. The lowest was 0.27. And the median was 4.21.

FRA:NF0's Debt-to-Equity is ranked worse than
96.28% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs FRA:NF0: 4.62

New Fortress Energy Debt-to-Equity Historical Data

The historical data trend for New Fortress Energy's Debt-to-Equity 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.

* Premium members only.

New Fortress Energy Debt-to-Equity Chart

New Fortress Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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7.30

3.70

2.31

3.79

4.50

New Fortress Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															4.38	4.21	4.62	4.50	4.62

Competitive Comparison of New Fortress Energy's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, New Fortress Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, New Fortress Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Fortress Energy's Debt-to-Equity falls into.

New Fortress Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Fortress Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(419.228	+	6342.905)	/	1503.966
	=	4.50

New Fortress Energy's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(404.166	+	6704.481)	/	1537.599
	=	4.62

New Fortress Energy (FRA:NF0) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

New Fortress Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of New Fortress Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

New Fortress Energy (FRA:NF0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Fortress Energy Inc (FRA:NF0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NFE:USA NF0:Germany

Address

111 W. 19th Street, 8th Floor, New York, NY, USA, 10011

Website

https://www.newfortressenergy.com

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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