New Short Term Debt vs Net Debt Analysis

NFE Stock  USD 13.17  0.08  0.60%   
New Fortress financial indicator trend analysis is infinitely more than just investigating New Fortress Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Fortress Energy is a good investment. Please check the relationship between New Fortress Short Term Debt and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Short Term Debt vs Net Debt

Short Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Fortress Energy Short Term Debt account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Fortress' Short Term Debt and Net Debt is 0.9. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of New Fortress Energy, assuming nothing else is changed. The correlation between historical values of New Fortress' Short Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of New Fortress Energy are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Debt i.e., New Fortress' Short Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Short Term Debt

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from New Fortress' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Fortress Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At present, New Fortress' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.93, whereas Selling General Administrative is forecasted to decline to about 144.9 M.
 2023 2024 (projected)
Depreciation And Amortization187.3M196.7M
Interest Income8.2M8.2M

New Fortress fundamental ratios Correlations

1.00.750.960.850.60.590.990.431.00.80.870.331.00.770.281.00.330.99-0.820.86-0.840.991.00.870.95
1.00.730.970.820.550.551.00.411.00.820.90.331.00.760.241.00.331.0-0.820.84-0.850.991.00.890.95
0.750.730.780.740.410.410.70.130.70.450.440.630.720.790.110.740.630.77-0.70.84-0.830.80.740.510.9
0.960.970.780.740.410.410.970.250.960.840.890.350.960.740.060.960.350.98-0.730.79-0.930.960.960.870.96
0.850.820.740.740.840.860.790.570.810.480.570.30.850.710.610.820.30.8-0.730.96-0.60.860.840.570.8
0.60.550.410.410.840.90.510.860.560.120.270.10.610.580.930.560.10.5-0.610.73-0.150.620.580.340.49
0.590.550.410.410.860.90.510.630.540.170.290.240.590.360.830.560.240.5-0.510.8-0.240.60.580.220.49
0.991.00.70.970.790.510.510.371.00.870.930.260.990.730.190.990.260.99-0.780.8-0.850.970.990.910.93
0.430.410.130.250.570.860.630.370.41-0.020.21-0.010.440.580.860.41-0.010.35-0.60.470.10.460.430.370.27
1.01.00.70.960.810.560.541.00.410.840.910.271.00.750.241.00.270.99-0.80.81-0.830.981.00.910.93
0.80.820.450.840.480.120.170.87-0.020.840.95-0.010.810.42-0.190.82-0.010.83-0.470.46-0.830.740.810.870.73
0.870.90.440.890.570.270.290.930.210.910.950.050.880.51-0.040.890.050.89-0.580.56-0.780.820.880.930.76
0.330.330.630.350.30.10.240.26-0.010.27-0.010.050.280.33-0.020.341.00.36-0.560.51-0.420.390.340.050.51
1.01.00.720.960.850.610.590.990.441.00.810.880.280.760.31.00.280.99-0.810.85-0.820.991.00.880.94
0.770.760.790.740.710.580.360.730.580.750.420.510.330.760.330.760.330.76-0.840.73-0.590.810.770.730.8
0.280.240.110.060.610.930.830.190.860.24-0.19-0.04-0.020.30.330.25-0.020.17-0.390.480.20.310.270.050.15
1.01.00.740.960.820.560.560.990.411.00.820.890.341.00.760.250.341.0-0.830.84-0.850.991.00.890.95
0.330.330.630.350.30.10.240.26-0.010.27-0.010.051.00.280.33-0.020.340.36-0.560.51-0.420.390.340.050.51
0.991.00.770.980.80.50.50.990.350.990.830.890.360.990.760.171.00.36-0.810.83-0.880.990.990.890.96
-0.82-0.82-0.7-0.73-0.73-0.61-0.51-0.78-0.6-0.8-0.47-0.58-0.56-0.81-0.84-0.39-0.83-0.56-0.81-0.770.57-0.85-0.83-0.73-0.81
0.860.840.840.790.960.730.80.80.470.810.460.560.510.850.730.480.840.510.83-0.77-0.690.890.850.550.87
-0.84-0.85-0.83-0.93-0.6-0.15-0.24-0.850.1-0.83-0.83-0.78-0.42-0.82-0.590.2-0.85-0.42-0.880.57-0.69-0.83-0.84-0.72-0.92
0.990.990.80.960.860.620.60.970.460.980.740.820.390.990.810.310.990.390.99-0.850.89-0.830.990.840.97
1.01.00.740.960.840.580.580.990.431.00.810.880.341.00.770.271.00.340.99-0.830.85-0.840.990.880.95
0.870.890.510.870.570.340.220.910.370.910.870.930.050.880.730.050.890.050.89-0.730.55-0.720.840.880.78
0.950.950.90.960.80.490.490.930.270.930.730.760.510.940.80.150.950.510.96-0.810.87-0.920.970.950.78
Click cells to compare fundamentals

New Fortress Account Relationship Matchups

New Fortress fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.9B6.9B7.7B10.5B11.0B
Short Long Term Debt Total619.1M1.4B4.1B4.9B7.4B7.7B
Other Current Liab90.7M98.9M294.1M1.1B580.3M306.6M
Total Current Liabilities102.3M191.2M562.5M1.4B1.7B1.8B
Total Stockholder Equity84.8M367.0M1.8B1.3B1.6B826.4M
Other Liab14.4M17.3M328.0M75.0M86.2M70.3M
Net Tangible Assets23.5M320.9M888.5M427.2M491.2M382.1M
Property Plant And Equipment Net750.0M996.6M4.1B4.9B8.4B8.8B
Net Debt592.0M757.8M3.9B4.2B7.2B7.6B
Retained Earnings(45.8M)(229.5M)(132.4M)62.1M528.0M554.4M
Accounts Payable11.6M21.3M68.1M80.4M549.5M577.0M
Cash27.1M601.5M187.5M675.5M155.4M273.7M
Non Current Assets Total912.7M1.1B6.3B6.3B9.5B10.0B
Non Currrent Assets Other116.6M55.6M106.4M137.1M119.2M83.7M
Other Assets190.0M546.9M6.3B131.9M151.7M144.2M
Long Term Debt619.1M1.2B3.8B4.5B6.5B6.8B
Cash And Short Term Investments27.1M601.5M187.5M675.5M155.4M273.7M
Net Receivables51.0M85.8M208.5M318.5M424.6M445.8M
Common Stock Total Equity130.7M1.7M2.1M2.1M1.9M1.8M
Common Stock Shares Outstanding20.9M106.7M201.7M209.9M206.5M128.9M
Short Term Investments1.2M1.6M18.9M(155.4M)(139.9M)(132.9M)
Liabilities And Stockholders Equity1.1B1.9B6.9B7.7B10.5B11.0B
Non Current Liabilities Total634.2M1.3B4.3B4.9B7.0B7.4B
Inventory63.4M22.9M37.2M39.1M113.7M119.4M
Other Current Assets22.5M51.9M147.1M354.1M286.3M300.6M
Other Stockholder Equity130.7M594.5M1.9B1.2B1.0B664.0M
Total Liab736.5M1.5B4.9B6.3B8.7B9.2B
Long Term Investments2.5M7.0M1.2B392.3M145.5M239.6M
Property Plant And Equipment Gross658.8M996.6M4.1B4.9B8.8B9.2B
Total Current Assets211.1M762.0M584.9M1.4B980.0M611.3M
Accumulated Other Comprehensive Income(30K)182K(2.1M)55.4M71.5M75.1M
Non Current Liabilities Other14.9M15.6M292.5M49.0M55.6M60.6M
Common Stock130.7M1.7M2.1M2.1M2.0M1.9M
Property Plant Equipment658.8M989.6M3.5B4.5B5.2B5.5B
Net Invested Capital703.9M1.6B5.6B5.8B8.4B8.9B
Net Working Capital108.9M570.9M22.4M(22.1M)(726.3M)(690.0M)

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When determining whether New Fortress Energy is a strong investment it is important to analyze New Fortress' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Fortress' future performance. For an informed investment choice regarding New Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Fortress. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Fortress listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.90)
Dividend Share
0.4
Earnings Share
0.92
Revenue Per Share
11.791
Quarterly Revenue Growth
0.103
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.