New Fortress Energy annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
New Fortress Energy Debt-to-Equity Ratio Growth & History (NFE)
New Fortress Energy's debt-to-equity ratio was 47.32 for fiscal 2025.
View full New Fortress Energy company overviewNew Fortress Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 47.32 | 42.26 | +835.07% |
| 2024 | 2024-12-31 | 5.06 | 0.56 | +12.55% |
| 2023 | 2023-12-31 | 4.50 | 0.70 | +18.54% |
| 2022 | 2022-12-31 | 3.79 | 1.48 | +64.30% |
| 2021 | 2021-12-31 | 2.31 | −1.40 | −37.68% |
| 2020 | 2020-12-31 | 3.70 | −3.60 | −49.25% |
| 2019 | 2019-12-31 | 7.30 | 6.34 | +658.02% |
| 2018 | 2018-12-31 | 0.96 | — | — |
New Fortress Energy quarterly debt-to-equity ratio
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 47.32 | 42.26 | +835.07% |
| Q3 2025 | 2025-09-30 | 8.82 | 3.18 | +56.44% |
| Q2 2025 | 2025-06-30 | 7.47 | 2.08 | +38.47% |
| Q1 2025 | 2025-03-31 | 5.51 | 0.78 | +16.43% |
| Q4 2024 | 2024-12-31 | 5.06 | 0.56 | +12.55% |
| Q3 2024 | 2024-09-30 | 5.64 | 1.02 | +22.20% |
| Q2 2024 | 2024-06-30 | 5.40 | 1.19 | +28.35% |
| Q1 2024 | 2024-03-31 | 4.73 | 0.35 | +8.05% |
| Q4 2023 | 2023-12-31 | 4.50 | 0.70 | +18.54% |
| Q3 2023 | 2023-09-30 | 4.62 | 2.00 | +76.76% |
| Q2 2023 | 2023-06-30 | 4.21 | 1.80 | +74.80% |
| Q1 2023 | 2023-03-31 | 4.38 | 2.33 | +113.45% |
| Q4 2022 | 2022-12-31 | 3.79 | 1.48 | +64.30% |
| Q3 2022 | 2022-09-30 | 2.61 | 0.21 | +8.85% |
| Q2 2022 | 2022-06-30 | 2.41 | 0.33 | +16.15% |
| Q1 2022 | 2022-03-31 | 2.05 | −2.71 | −56.89% |
| Q4 2021 | 2021-12-31 | 2.31 | −1.40 | −37.68% |
| Q3 2021 | 2021-09-30 | 2.40 | −9.79 | −80.31% |
| Q2 2021 | 2021-06-30 | 2.07 | −5.17 | −71.39% |
| Q1 2021 | 2021-03-31 | 4.76 | −9.80 | −67.32% |
| Q4 2020 | 2020-12-31 | 3.70 | −3.60 | −49.25% |
| Q3 2020 | 2020-09-30 | 12.19 | 5.08 | +71.48% |
| Q2 2020 | 2020-06-30 | 7.24 | 1.07 | +17.32% |
| Q1 2020 | 2020-03-31 | 14.56 | 8.19 | +128.61% |
| Q4 2019 | 2019-12-31 | 7.30 | 6.34 | +658.02% |
| Q3 2019 | 2019-09-30 | 7.11 | — | — |
| Q2 2019 | 2019-06-30 | 6.17 | — | — |
| Q1 2019 | 2019-03-31 | 6.37 | — | — |
| Q4 2018 | 2018-12-31 | 0.96 | — | — |
New Fortress Energy debt-to-equity ratio trends
Over the last five fiscal years, New Fortress Energy's debt-to-equity ratio increased from 3.70 to 47.32, a change of 43.62. The latest reported quarter, Q4 2025, shows 47.32.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review New Fortress Energy source filings ↗Community posts
New Fortress completes restructuring that extinguishes $5.7 billion of debt
New Fortress Energy ($NFE) completed a court-supported restructuring that separates its Brazilian operations from the remaining business and extinguishes approximately $5.7 billion of third-party debt. The transaction also provides $136.5 m ...