New Fortress Energy Inc. (NFE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NFE SEC filings page.
New Fortress Energy Inc. (NFE) reported $1.3B in revenue over the twelve months to Jun 30, 2026, down 37.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 reveals a capital-intensive business where weaker margins, negative cash flow, and heavier near-term obligations now reinforce one another.
Revenue contraction coincided with gross margin falling to38.9% in FY2025 from63.2% in FY2023, indicating a materially less profitable revenue mix or cost structure rather than merely slower growth. The simultaneous collapse in operating margin to-74.5% shows that fixed operating costs and other charges became disproportionate as sales weakened.
Cash conversion deteriorated sharply: operating cash flow moved from positive
The financing structure became more strained as debt-to-equity reached 6.1x and the current ratio fell to 0.2x in FY2025, placing substantial weight on obligations due within a year. The reported liquidity measure equaled 4.7 months of the latest annual operating outflow, describing limited short-term balance-sheet flexibility without implying a forecast.
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of New Fortress Energy Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
New Fortress Energy Inc. has an operating margin of -74.5%, meaning the company loses $74 on every $100 of revenue. This results in a profitability score of 4/100. This is down from 22.4% the prior year.
New Fortress Energy Inc.'s revenue declined 36.2% year-over-year, from $2.4B to $1.5B. This contraction results in a growth score of 2/100.
New Fortress Energy Inc. has elevated debt relative to equity (D/E of 6.05), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.
New Fortress Energy Inc.'s current ratio of 0.15 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
New Fortress Energy Inc.'s operations used $583.4M of cash, and capex of $650.8M added to the outflow, for a free cash flow shortfall of $1.2B. This results in a cash flow score of 7/100.
New Fortress Energy Inc. posts a -1009.4% return on equity (ROE), meaning it loses $1009 for every $100 of shareholders' equity. This results in a returns score of 3/100. This is down from -13.4% the prior year.
New Fortress Energy Inc. scores -1.26, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $7.3B against total assets of $10.6B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
New Fortress Energy Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
New Fortress Energy Inc. reported a net loss of $1.8B while operations used $583.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
New Fortress Energy Inc. reported an operating loss of $1.1B against $777.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
New Fortress Energy Inc. generated $312.5M in revenue in Q2 2026. This represents an increase of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 37.7%.
New Fortress Energy Inc.'s EBITDA was -$103.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
New Fortress Energy Inc. reported a net loss of $371.4M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
New Fortress Energy Inc. earned -$1.30 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
New Fortress Energy Inc. recorded an outflow of $199.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
New Fortress Energy Inc. held $161.2M in cash against $2.1B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
New Fortress Energy Inc.'s gross margin was 32.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 20.7 percentage points.
New Fortress Energy Inc.'s operating margin was -47.6% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 51.7 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
New Fortress Energy Inc. invested $40.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 83.7% from the same quarter a year earlier. Against the prior quarter it is down 7.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NFE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $312.5M+2.8% | $227.0M-51.9% | $395.7M-41.6% | $331.9M-41.6% | $304.1M-28.8% | $472.3M-31.2% | $677.3M-7.9% | $568.5M+10.5% |
| Cost of Revenue | $210.4M+1.1% | $199.7M-34.0% | $211.2M-26.9% | $196.9M-39.5% | $208.2M-6.2% | $302.4M+32.0% | $288.9M+4.5% | $325.3M+69.5% |
| Gross Profit | $102.1M+6.4% | $27.3M-84.0% | $184.6M-52.5% | $135.0M-44.5% | $95.9M-53.3% | $169.9M-62.8% | $388.4M-15.4% | $243.2M-24.6% |
| SG&A Expenses | $85.3M+50.9% | $47.5M-8.3% | $112.6M+59.9% | $86.5M+6.3% | $56.6M-23.2% | $51.8M-23.8% | $70.4M+51.9% | $81.3M+65.6% |
| Operating Income | -$148.7Mn/m | -$225.4Mn/m | -$629.7M-376.2% | -$89.9M-213.0% | -$388.4M-1184.2% | -$12.5M-106.8% | $228.0M-30.5% | $79.5M-46.9% |
| EBITDA | -$103.1Mn/m | -$173.9M-421.6% | -$556.1M-308.7% | -$40.5M-135.5% | -$335.5M-563.4% | $54.1M-77.0% | $266.4M-26.8% | $114.1M-42.4% |
| Interest Expense | $226.7M+21.6% | $186.9M-6.7% | $192.9M+99.7% | $198.2M+175.7% | $186.4M+195.4% | $200.3M+136.4% | $96.6M+16.2% | $71.9M+10.9% |
| Income Tax | -$8.0M-176.6% | $31.5M+21.0% | $19.4M-51.3% | $5.5M+70.2% | $10.4M+43.1% | $26.1M+30.6% | $39.8M+19.0% | $3.2M-87.2% |
| Net Income | -$371.4Mn/m | -$399.9Mn/m | -$852.4Mn/m | -$269.3M-2996.1% | -$544.3Mn/m | -$177.6M-428.5% | -$225.7M-203.9% | $9.3M-84.8% |
| EPS (Basic) | -$1.30n/m | -$1.40n/m | -$3.04n/m | -$0.96-3300.0% | -$1.99n/m | -$0.65-370.8% | -$1.11-204.7% | $0.03 |
| EPS (Diluted) | -$1.30n/m | -$1.40n/m | -$3.04n/m | -$0.96-3300.0% | -$1.99n/m | -$0.65-382.6% | -$1.10-203.8% | $0.03 |
| Diluted Shares (Avg) | 286M+4.1% | 286M+4.4% | N/A | 281M+34.6% | 274M+33.3% | 274M+32.8% | N/A | 209M |
Not reported in any period shown, so not listed: R&D Expenses.
NFE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.7B-10.7% | $10.4B-20.5% | $10.6B-18.3% | $12.0B+0.2% | $12.0B+5.4% | $13.1B+20.3% | $12.9B+22.9% | $12.0B+22.2% |
| Current Assets | $1.4B-5.5% | $1.2B-21.5% | $1.3B-17.6% | $1.3B+32.8% | $1.5B+34.5% | $1.5B+42.5% | $1.6B+64.1% | $1.0B+17.2% |
| Cash & Equivalents | $161.2M-70.8% | $92.4M-79.4% | $226.5M-54.1% | $145.2M+59.9% | $551.1M+314.5% | $447.9M+212.2% | $492.9M+217.1% | $90.8M-47.0% |
| Inventory | $119.8M+61.9% | $152.9M+129.3% | $119.4M+15.7% | $108.6M+23.3% | $74.0M-47.8% | $66.7M-64.3% | $103.2M-11.2% | $88.1M-14.7% |
| Accounts Receivable | $276.7M+2.4% | $370.3M+36.2% | $452.0M+36.4% | $423.3M-2.6% | $270.1M-33.1% | $271.9M-18.2% | $331.4M-3.4% | $434.7M+20.5% |
| Goodwill | N/A | N/A | $0-100.0% | $15.9M-98.0% | $15.9M-98.0% | $608.7M-23.3% | $782.7M-1.3% | $793.1M+2.1% |
| Total Liabilities | $11.2B+5.3% | $10.4B-6.3% | $10.2B-5.4% | $10.8B+6.1% | $10.6B+10.2% | $11.1B+24.0% | $10.8B+24.0% | $10.2B+24.0% |
| Current Liabilities | $8.7B+290.7% | $8.9B+498.3% | $8.7B+393.6% | $8.0B+195.8% | $2.2B+42.8% | $1.5B-4.0% | $1.8B+2.9% | $2.7B+41.1% |
| Non-Current Liabilities | $2.5B-70.6% | $1.5B-84.2% | $1.6B-82.5% | $2.8B-62.2% | $8.4B+3.9% | $9.7B+29.9% | $9.1B+29.1% | $7.5B+18.8% |
| Long-Term Debt | $2.1B-72.7% | $1.1B-87.6% | $1.1B-86.8% | $2.3B-65.9% | $7.8B+5.6% | $8.9B+32.7% | $8.4B+28.4% | $6.9B+16.5% |
| Total Equity | -$553.6M-144.0% | -$180.2M-110.2% | $182.6M-90.3% | $1.1B-32.5% | $1.3B-19.3% | $1.8B+6.4% | $1.9B+14.5% | $1.6B+8.8% |
| Retained Earnings | -$2.4Bn/m | -$2.1B-13433.4% | -$1.7B-952.8% | -$798.2M-282.8% | -$528.9M-217.5% | $15.4M-97.2% | $193.6M-63.3% | $436.6M+31.8% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
NFE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$159.3Mn/m | -$118.9Mn/m | -$76.2M-117.1% | -$171.0Mn/m | -$329.0M-388.9% | -$7.2M-111.5% | $445.3M+58.3% | -$20.0M-160.0% |
| Depreciation & Amortization | $45.6M-13.8% | $51.4M-22.8% | $56.9M+50.8% | $49.3M+42.4% | $52.9M+44.5% | $66.6M+34.1% | $37.7M+6.0% | $34.6M-28.8% |
| Stock-Based Compensation | $6.6M+26.0% | $3.8Mn/m | N/A | $5.5M-75.4% | $5.3M-73.8% | $0-100.0% | N/A | $22.5M |
| Capital Expenditures | $40.3M-83.7% | $43.6M-82.9% | $58.6M-91.1% | $90.5M-73.9% | $246.6M-59.4% | $255.1M-51.0% | $655.6M-10.0% | $347.1M-52.2% |
| Free Cash Flow | -$199.6Mn/m | -$162.5Mn/m | -$134.8Mn/m | -$261.5Mn/m | -$575.6Mn/m | -$262.3Mn/m | -$210.3Mn/m | -$367.0Mn/m |
| Investing Cash Flow | -$40.3M-105.7% | -$43.6Mn/m | $103.9Mn/m | -$90.6Mn/m | $703.1Mn/m | -$250.5Mn/m | -$581.8Mn/m | -$338.0Mn/m |
| Financing Cash Flow | $508.4Mn/m | -$11.0M-111.6% | -$55.2M-105.9% | -$179.0M-163.8% | -$404.1M-180.6% | $94.6M+4294.6% | $934.6M+86.5% | $280.6M-60.0% |
| Dividends Paid | $0 | $0-100.0% | $453K-88.6% | $5K-99.9% | N/A | $3.5M-89.3% | $4.0M-83.0% | $5.6M-76.1% |
Not reported in any period shown, so not listed: Share Buybacks.
NFE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7%+1.1pp | 12.0%-24.0pp | 46.6%-10.7pp | 40.7%-2.1pp | 31.6%-16.5pp | 36.0%-30.6pp | 57.3%-5.1pp | 42.8%-19.9pp |
| Operating Margin | -47.6% | -99.3%-96.7pp | -159.1% | -27.1%-41.0pp | -127.7% | -2.6%-29.6pp | 33.7%-10.9pp | 14.0%-15.1pp |
| Net Margin | -118.9% | -176.2% | -215.4% | -81.1%-82.8pp | -179.0% | -37.6%-45.5pp | -33.3%-62.9pp | 1.6%-10.3pp |
| Return on Equity | N/A | N/A | -466.7%-454.7pp | -25.5%-26.1pp | -43.2%-37.5pp | -10.0%-13.3pp | -12.0%-25.3pp | 0.6%-3.7pp |
| Return on Assets | -3.5%+1.1pp | -3.9%-2.5pp | -8.1%-6.3pp | -2.3%-2.3pp | -4.5%-3.8pp | -1.4%-1.9pp | -1.8%-3.8pp | 0.1%-0.5pp |
| Current Ratio | 0.16-0.5x | 0.13-0.9x | 0.15-0.8x | 0.17-0.2x | 0.670.0x | 0.99+0.3x | 0.92+0.3x | 0.38-0.1x |
| Debt-to-Equity | N/A | N/A | 6.05+1.6x | 2.22-2.2x | 6.20+1.5x | 5.04+1.0x | 4.45+0.5x | 4.40+0.3x |
| Liabilities-to-Equity | N/A | N/A | 56.10+50.3x | 10.24+3.7x | 8.42+2.2x | 6.29+0.9x | 5.77+0.4x | 6.52+0.8x |
| Asset Turnover | 0.030.0x | 0.020.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.050.0x | 0.050.0x |
| FCF Margin | -63.9% | -71.6%-16.0pp | -34.1%-3.0pp | -78.8%-14.2pp | -189.3% | -55.5%+11.2pp | -31.1%+29.7pp | -64.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| New Fortress Energy Inc. NFE | FY2025 | $1.5B | -$1.8B | N/A | $20.3M | 4/100 |
| Teekay Corporation Ltd. TK | FY2025 | $949.5M | $98.1M | 10.3% | $1.2B | 60/100 |
| NGL ENERGY PARTNERS LP NGL | FY2026 | $3.2B | -$142.3M | -4.5% | $1.9B | 29/100 |
| Tsakos Energy Navigation Ltd. TEN | FY2025 | $798.7M | $160.9M | 20.2% | $1.6B | 37/100 |
| Nordic American Tanker NAT | FY2025 | $291.7M | $12.3M | 4.2% | $1.6B | 38/100 |
Where New Fortress Energy Inc. Ranks
Frequently Asked Questions
What is New Fortress Energy Inc.'s annual revenue?
New Fortress Energy Inc. (NFE) reported $1.5B in total revenue for fiscal year 2025. This represents a -36.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is New Fortress Energy Inc.'s revenue growing?
New Fortress Energy Inc. (NFE) revenue declined by 36.2% year-over-year, from $2.4B to $1.5B in fiscal year 2025.
Is New Fortress Energy Inc. profitable?
No, New Fortress Energy Inc. (NFE) reported a net loss of $1.9B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $1.8B.
What is New Fortress Energy Inc.'s EBITDA?
New Fortress Energy Inc. (NFE) had EBITDA of -$878.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does New Fortress Energy Inc. have?
As of fiscal year 2025, New Fortress Energy Inc. (NFE) had $226.5M in cash and equivalents against $1.1B in long-term debt.
What is New Fortress Energy Inc.'s gross margin?
New Fortress Energy Inc. (NFE) had a gross margin of 38.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is New Fortress Energy Inc.'s operating margin?
New Fortress Energy Inc. (NFE) had an operating margin of -74.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is New Fortress Energy Inc.'s return on equity (ROE)?
New Fortress Energy Inc. (NFE) has a return on equity of -1009.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is New Fortress Energy Inc.'s free cash flow?
New Fortress Energy Inc. (NFE) recorded an outflow of $1.2B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is New Fortress Energy Inc.'s operating cash flow?
New Fortress Energy Inc. (NFE) recorded an outflow of $583.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are New Fortress Energy Inc.'s total assets?
New Fortress Energy Inc. (NFE) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are New Fortress Energy Inc.'s capital expenditures?
New Fortress Energy Inc. (NFE) invested $650.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is New Fortress Energy Inc.'s current ratio?
New Fortress Energy Inc. (NFE) had a current ratio of 0.15 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is New Fortress Energy Inc.'s debt-to-equity ratio?
New Fortress Energy Inc. (NFE) had a debt-to-equity ratio of 6.05 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is New Fortress Energy Inc.'s liabilities-to-equity ratio?
New Fortress Energy Inc. (NFE) had a liabilities-to-equity ratio of 56.10 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is New Fortress Energy Inc.'s return on assets (ROA)?
New Fortress Energy Inc. (NFE) had a return on assets of -17.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is New Fortress Energy Inc.'s P/E ratio?
New Fortress Energy Inc. (NFE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $20.3M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is New Fortress Energy Inc.'s price-to-sales ratio?
New Fortress Energy Inc. (NFE) trades at 0.0x sales, its market capitalization divided by $1.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $20.3M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is New Fortress Energy Inc.'s Altman Z-Score?
New Fortress Energy Inc. (NFE) has an Altman Z-Score of -1.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is New Fortress Energy Inc.'s Piotroski F-Score?
New Fortress Energy Inc. (NFE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are New Fortress Energy Inc.'s earnings high quality?
New Fortress Energy Inc. (NFE) reported a net loss of $1.8B while operations used $583.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can New Fortress Energy Inc. cover its interest payments?
New Fortress Energy Inc. (NFE) reported an operating loss of $1.1B against $777.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is New Fortress Energy Inc.?
New Fortress Energy Inc. (NFE) scores 4 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.