Balance Sheet Dive: New Fortress Energy Inc (NFE)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $20.36 in the prior trading day, New Fortress Energy Inc (NASDAQ: NFE) closed at $19.94, down -2.06%. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 2.47 million shares were traded. NFE stock price reached its highest trading level at $20.3449 during the session, while it also had its lowest trading level at $19.4.


Our goal is to gain a better understanding of NFE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 4.37 whereas as Long-Term Debt/Eq ratio is at 4.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on March 04, 2024, Downgraded its rating to Hold and sets its target price to $35 from $40 previously.

BofA Securities Downgraded its Buy to Neutral on June 08, 2023, whereas the target price for the stock was revised from $59 to $31.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFE now has a Market Capitalization of 4088976384 and an Enterprise Value of 11897278464. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.09, and their Forward P/E ratio for the next fiscal year is 6.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 4.77 whereas that against EBITDA is 10.822.

Stock Price History:

Over the past 52 weeks, NFE has reached a high of $40.04, while it has fallen to a 52-week low of $19.77. The 50-Day Moving Average of the stock is -18.62%, while the 200-Day Moving Average is calculated to be -35.42%.

Shares Statistics:

The stock has traded on average 1.87M shares per day over the past 3-months and 2789330 shares per day over the last 10 days, according to various share statistics. A total of 205.00M shares are outstanding, with a floating share count of 115.64M. Insiders hold about 43.61% of the company’s shares, while institutions hold 52.35% stake in the company. Shares short for NFE as of 1718323200 were 17654173 with a Short Ratio of 9.44, compared to 1715731200 on 14297429. Therefore, it implies a Short% of Shares Outstanding of 17654173 and a Short% of Float of 22.52.

Dividends & Splits

In the trailing 12 months, NFE’s forward annual dividend rate was 0.4, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.019646365

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