New Income Before Tax vs Net Income Analysis

NFE Stock

USD 26.93 0.55 2.00%

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 Income Before Tax and its Net Income 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 tightly coupled with the direction of predictive economic indicators such as signals in census.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Fortress Energy Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between New Fortress' Income Before Tax and Net Income is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income 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' Income Before Tax and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of New Fortress Energy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., New Fortress' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on New Fortress income statement and is an important metric when analyzing New Fortress Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in New Fortress Energy financial statement analysis. It represents the amount of money remaining after all of New Fortress Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 tightly coupled 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 13.92, whereas Selling General Administrative is forecasted to decline to about 144.9 M.

	2023	2024 (projected)
Depreciation And Amortization	187.3M	196.7M
Interest Income	8.2M	8.2M

Depreciation And Amortization Interest Income

New Fortress fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		1.0	0.81	0.96	0.85	0.6	0.59	0.99	0.43	1.0	0.8	0.87	0.47	1.0	0.78	0.28	1.0	0.47	1.0	-0.82	0.83	0.82	0.99	1.0	0.87	0.92
Short Long Term Debt Total	1.0		0.81	0.97	0.82	0.55	0.55	1.0	0.41	1.0	0.82	0.9	0.47	1.0	0.77	0.24	1.0	0.47	1.0	-0.82	0.8	0.82	0.99	1.0	0.89	0.93
Other Current Liab	0.81	0.81		0.88	0.65	0.27	0.29	0.79	0.02	0.78	0.64	0.6	0.67	0.79	0.74	-0.06	0.81	0.67	0.85	-0.67	0.73	0.66	0.84	0.81	0.64	0.95
Total Current Liabilities	0.96	0.97	0.88		0.74	0.41	0.41	0.97	0.25	0.96	0.84	0.89	0.49	0.96	0.75	0.06	0.96	0.49	0.97	-0.73	0.73	0.75	0.96	0.96	0.87	0.97
Total Stockholder Equity	0.85	0.82	0.65	0.74		0.84	0.86	0.79	0.57	0.82	0.48	0.57	0.42	0.85	0.72	0.61	0.82	0.42	0.83	-0.73	0.95	0.67	0.86	0.84	0.57	0.67
Other Liab	0.6	0.55	0.27	0.41	0.84		0.9	0.51	0.86	0.56	0.12	0.27	0.14	0.61	0.58	0.93	0.56	0.14	0.56	-0.61	0.71	0.56	0.62	0.58	0.34	0.29
Net Tangible Assets	0.59	0.55	0.29	0.41	0.86	0.9		0.51	0.63	0.55	0.17	0.29	0.29	0.59	0.36	0.83	0.56	0.29	0.55	-0.51	0.81	0.39	0.6	0.58	0.22	0.31
Property Plant And Equipment Net	0.99	1.0	0.79	0.97	0.79	0.51	0.51		0.37	1.0	0.87	0.93	0.41	0.99	0.74	0.19	0.99	0.41	0.99	-0.78	0.77	0.79	0.97	0.99	0.91	0.92
Current Deferred Revenue	0.43	0.41	0.02	0.25	0.57	0.86	0.63	0.37		0.42	-0.02	0.21	0.0	0.44	0.57	0.86	0.41	0.0	0.4	-0.6	0.4	0.63	0.46	0.43	0.37	0.11
Net Debt	1.0	1.0	0.78	0.96	0.82	0.56	0.55	1.0	0.42		0.84	0.91	0.41	1.0	0.76	0.25	1.0	0.41	0.99	-0.8	0.79	0.81	0.98	1.0	0.91	0.91
Retained Earnings	0.8	0.82	0.64	0.84	0.48	0.12	0.17	0.87	-0.02	0.84		0.95	0.16	0.81	0.44	-0.19	0.82	0.16	0.79	-0.47	0.47	0.5	0.74	0.81	0.87	0.82
Accounts Payable	0.87	0.9	0.6	0.89	0.57	0.27	0.29	0.93	0.21	0.91	0.95		0.22	0.88	0.53	-0.04	0.89	0.22	0.86	-0.58	0.53	0.63	0.82	0.88	0.93	0.82
Cash	0.47	0.47	0.67	0.49	0.42	0.14	0.29	0.41	0.0	0.41	0.16	0.22		0.42	0.41	-0.03	0.48	1.0	0.51	-0.65	0.64	0.51	0.52	0.47	0.2	0.59
Non Current Assets Total	1.0	1.0	0.79	0.96	0.85	0.61	0.59	0.99	0.44	1.0	0.81	0.88	0.42		0.77	0.3	1.0	0.42	0.99	-0.81	0.81	0.81	0.99	1.0	0.88	0.91
Non Currrent Assets Other	0.78	0.77	0.74	0.75	0.72	0.58	0.36	0.74	0.57	0.76	0.44	0.53	0.41	0.77		0.33	0.77	0.41	0.8	-0.84	0.67	0.91	0.82	0.78	0.75	0.75
Other Assets	0.28	0.24	-0.06	0.06	0.61	0.93	0.83	0.19	0.86	0.25	-0.19	-0.04	-0.03	0.3	0.33		0.25	-0.03	0.24	-0.39	0.48	0.33	0.31	0.27	0.05	-0.07
Long Term Debt	1.0	1.0	0.81	0.96	0.82	0.56	0.56	0.99	0.41	1.0	0.82	0.89	0.48	1.0	0.77	0.25		0.48	1.0	-0.83	0.81	0.83	0.99	1.0	0.89	0.93
Cash And Short Term Investments	0.47	0.47	0.67	0.49	0.42	0.14	0.29	0.41	0.0	0.41	0.16	0.22	1.0	0.42	0.41	-0.03	0.48		0.51	-0.65	0.64	0.51	0.52	0.47	0.2	0.59
Net Receivables	1.0	1.0	0.85	0.97	0.83	0.56	0.55	0.99	0.4	0.99	0.79	0.86	0.51	0.99	0.8	0.24	1.0	0.51		-0.83	0.82	0.84	1.0	1.0	0.87	0.94
Common Stock Total Equity	-0.82	-0.82	-0.67	-0.73	-0.73	-0.61	-0.51	-0.78	-0.6	-0.8	-0.47	-0.58	-0.65	-0.81	-0.84	-0.39	-0.83	-0.65	-0.83		-0.77	-0.96	-0.85	-0.83	-0.73	-0.74
Common Stock Shares Outstanding	0.83	0.8	0.73	0.73	0.95	0.71	0.81	0.77	0.4	0.79	0.47	0.53	0.64	0.81	0.67	0.48	0.81	0.64	0.82	-0.77		0.67	0.85	0.82	0.51	0.73
Short Term Investments	0.82	0.82	0.66	0.75	0.67	0.56	0.39	0.79	0.63	0.81	0.5	0.63	0.51	0.81	0.91	0.33	0.83	0.51	0.84	-0.96	0.67		0.85	0.83	0.82	0.75
Long Term Debt Total	0.99	0.99	0.84	0.96	0.86	0.62	0.6	0.97	0.46	0.98	0.74	0.82	0.52	0.99	0.82	0.31	0.99	0.52	1.0	-0.85	0.85	0.85		0.99	0.84	0.92
Non Current Liabilities Total	1.0	1.0	0.81	0.96	0.84	0.58	0.58	0.99	0.43	1.0	0.81	0.88	0.47	1.0	0.78	0.27	1.0	0.47	1.0	-0.83	0.82	0.83	0.99		0.88	0.92
Inventory	0.87	0.89	0.64	0.87	0.57	0.34	0.22	0.91	0.37	0.91	0.87	0.93	0.2	0.88	0.75	0.05	0.89	0.2	0.87	-0.73	0.51	0.82	0.84	0.88		0.82
Other Current Assets	0.92	0.93	0.95	0.97	0.67	0.29	0.31	0.92	0.11	0.91	0.82	0.82	0.59	0.91	0.75	-0.07	0.93	0.59	0.94	-0.74	0.73	0.75	0.92	0.92	0.82

Click cells to compare fundamentals

New Fortress Account Relationship Matchups

New Fortress fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.9B	6.9B	7.7B	10.5B	11.0B
Short Long Term Debt Total	619.1M	1.4B	4.1B	4.9B	7.4B	7.7B
Other Current Liab	90.7M	35.0M	106.0M	1.2B	634.3M	666.1M
Total Current Liabilities	102.3M	191.2M	562.5M	1.4B	1.7B	1.8B
Total Stockholder Equity	84.8M	367.0M	1.8B	1.3B	1.6B	826.4M
Other Liab	14.4M	17.3M	328.0M	75.0M	86.2M	70.3M
Net Tangible Assets	23.5M	320.9M	888.5M	427.2M	491.2M	382.1M
Property Plant And Equipment Net	750.0M	996.6M	4.1B	4.9B	8.4B	8.8B
Net Debt	592.0M	757.8M	3.9B	4.2B	7.1B	7.4B
Retained Earnings	(45.8M)	(229.5M)	(132.4M)	62.1M	528.0M	554.4M
Accounts Payable	11.6M	21.3M	68.1M	80.4M	549.5M	577.0M
Cash	27.1M	601.5M	187.5M	675.5M	310.8M	295.1M
Non Current Assets Total	912.7M	1.1B	6.3B	6.3B	9.5B	10.0B
Non Currrent Assets Other	116.6M	55.6M	106.4M	137.1M	126.9M	84.8M
Other Assets	190.0M	546.9M	6.3B	131.9M	151.7M	144.2M
Long Term Debt	619.1M	1.2B	3.8B	4.5B	6.5B	6.8B
Cash And Short Term Investments	27.1M	601.5M	187.5M	675.5M	310.8M	295.1M
Net Receivables	51.0M	76.5M	208.5M	280.3M	342.4M	359.5M
Common Stock Total Equity	130.7M	1.7M	2.1M	2.1M	1.9M	1.8M
Common Stock Shares Outstanding	20.9M	106.7M	201.7M	209.9M	206.5M	123.9M
Liabilities And Stockholders Equity	1.1B	1.9B	6.9B	7.7B	10.5B	11.0B
Non Current Liabilities Total	634.2M	1.3B	4.3B	4.9B	7.0B	7.4B
Inventory	63.4M	22.9M	37.2M	39.1M	113.7M	119.4M
Other Current Assets	22.5M	29.5M	28.1M	226.9M	213.1M	223.8M
Other Stockholder Equity	130.7M	594.5M	1.9B	1.2B	1.0B	664.0M
Total Liab	736.5M	1.5B	4.9B	6.3B	8.7B	9.2B
Long Term Investments	2.5M	7.0M	1.2B	392.3M	145.5M	239.6M
Property Plant And Equipment Gross	658.8M	996.6M	4.1B	4.9B	8.8B	9.2B
Total Current Assets	211.1M	762.0M	584.9M	1.4B	980.0M	611.3M
Accumulated Other Comprehensive Income	(30K)	182K	(2.1M)	55.4M	71.5M	75.1M
Non Current Liabilities Other	14.9M	15.6M	292.5M	49.0M	55.6M	60.6M
Common Stock	130.7M	1.7M	2.1M	2.1M	2.0M	1.9M
Property Plant Equipment	658.8M	989.6M	3.5B	4.5B	5.2B	5.5B
Net Invested Capital	703.9M	1.6B	5.6B	5.8B	8.4B	8.9B
Net Working Capital	108.9M	570.9M	22.4M	(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:

How To Invest In New

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Is New Stock a good investment?

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What is New Fortress' Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in census.

Note that the New Fortress Energy information on this page should be used as a complementary analysis to other New Fortress' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running New Fortress' price analysis, check to measure New Fortress' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.

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Is New Fortress' industry 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

2.449

Dividend Share

3.4

Earnings Share

2.65

Revenue Per Share

11.718

Quarterly Revenue Growth

0.388

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.

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New Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

New Fortress fundamental ratios Correlations

New Fortress Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Fortress fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for New Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Short Term Investments	- 0.96	Common Stock Total Equity
Long Term Debt Total	- 0.85	Common Stock Total Equity
Common Stock Total Equity	- 0.84	Non Currrent Assets Other
Non Current Liabilities Total	- 0.83	Common Stock Total Equity
Common Stock Total Equity	- 0.83	Net Receivables
Common Stock Total Equity	- 0.83	Long Term Debt