New Interest Income vs Interest Expense 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 Interest Income and its Interest Expense 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.
Interest Income vs Interest Expense
Interest Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Fortress Energy Interest Income account and Interest Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between New Fortress' Interest Income and Interest Expense is 0.45. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Interest Expense 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' Interest Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of New Fortress Energy are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Interest Income i.e., New Fortress' Interest Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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 |
New Fortress fundamental ratios Correlations
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New Fortress Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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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.