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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 Jun. 2026 was $-554 Mil. New Fortress Energy's Total Assets for the quarter that ended in Jun. 2026 was $10,729 Mil.
Therefore, New Fortress Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was -0.05.
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: 0.15 Max: 0.74
Current: -0.05
During the past 10 years, the highest Equity to Asset Ratio of New Fortress Energy was 0.74. The lowest was -0.05. And the median was 0.15.
NFE's Equity-to-Asset is ranked worse than 92.17% of 1035
companies
in the Oil & Gas industry
Industry Median: 0.49
vs NFE: -0.05
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
New Fortress Energy Equity-to-Asset Historical Data
* Premium members only.
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.
NFE vs MMLP, DLNG, PXS: Equity-to-Asset Comparison
For the Oil & Gas Midstream 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy 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.
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. 2025 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 (NFE) has a Equity-to-Asset of -0.05 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New Fortress Energy and its competitors. According to the industry distribution chart, New Fortress Energy ranks #954 out of 1035 companies in the Oil & Gas industry, placing it in the top 92.2%.
Is New Fortress Energy's Equity-to-Asset too high?
New Fortress Energy's current Equity-to-Asset is -0.05. Based on the distribution chart, New Fortress Energy ranks #954 out of 1035 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, New Fortress Energy has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Fortress Energy's Equity-to-Asset compare to MMLP and DLNG?
According to the Oil & Gas industry distribution chart, New Fortress Energy ranks #954 out of 1035 companies for Equity-to-Asset. This places New Fortress Energy in the lower half of its industry. The industry median Equity-to-Asset is 0.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,035 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New Fortress Energy and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Fortress Energy's current Equity-to-Asset is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Fortress Energy stock overvalued right now?
Based on GuruFocus' analysis, New Fortress Energy (NFE) is currently considered Possible Value Trap. The stock's GF Value™ is $3.58, compared to a current price of $0.32 — trading 91% below its estimated fair value. The current Equity-to-Asset is -0.05. New Fortress Energy's overall GF Score™ is 49/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For New Fortress Energy (NFE), the current Equity-to-Asset is -0.05 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is New Fortress Energy (NFE) Overvalued in 2026?
Based on GuruFocus' analysis, New Fortress Energy stock appears to be undervalued.
The current stock price of $0.32 is trading 91% below its estimated GF Value™ of $3.58.
GuruFocus considers New Fortress Energy to be Possible Value Trap.
Key valuation signals for NFE:
Equity-to-Asset: -0.05
GF Value™: $3.58 vs. price of $0.32 (91% below fair value)
No single metric tells the full story. See the NFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Fortress Energy Inc is an integrated gas-to-power company. It owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to markets globally. The company's reportable segments are: Terminals and Infrastructure, and Ships. Maximum revenue is generated from the Terminals and Infrastructure segment, which includes vertically integrated gas-to-power solutions, spanning the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities, and conversion or development of natural gas-fired power generation. Vessels that are utilized in the company's terminal, logistics, or sub-charter operations are included in this segment.
49GF Score
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