New Fortress Energy (NFE) Debt Ratio (2018 - 2026)
New Fortress Energy's (NFE) Debt Ratio was 0.83 for Q2 2026, up 10.4% from 0.75 a year earlier and up 3.6% from the prior quarter.
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Analysis
New Fortress Energy (NFE) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Debt Ratio at New Fortress Energy was 0.77, up 12.5% from FY2024.
- Debt Ratio has increased for four consecutive years.
- By year, Debt Ratio came in at 0.69 in FY2024 (+6.4%), 0.65 in FY2023 (+9.8%), 0.59 in FY2022 (+5.1%) and 0.56 in FY2021 (-13.7%).
- The Q2 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q4 2018.
- Year over year, Debt Ratio has now increased in each of the last 17 quarters, with growth averaging 10.1% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q1 2023 (growth of 18.9%); the low point was Q1 2022 (a decline of 21.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.80 (Q1 2026), 0.77 (Q4 2025) and 0.74 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.90 Bn | 100.50 Bn | 4.84 Bn | 0.48 |
| 2 | Williams Companies | 88.86 Bn | 87.58 Bn | 2.54 Bn | 0.11 |
| 3 | Enterprise Products Partners | 79.53 Bn | 77.92 Bn | - | 0.41 |
| 4 | Kinder Morgan | 75.54 Bn | 75.24 Bn | 3.07 Bn | 0.44 |
| 5 | Energy Transfer | 69.22 Bn | 62.41 Bn | 7.40 Bn | 0.46 |
| 6 | Tc Energy | 65.07 Bn | 61.15 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 63.60 Bn | 63.08 Bn | 2.14 Bn | 0.69 |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 0.50 |
| 9 | Oneok | 59.00 Bn | 57.39 Bn | 2.81 Bn | 0.48 |
| 10 | New Fortress Energy | 22.39 Mn | -602.88 Mn | 102.12 Mn | 0.83 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.83 |
| Mar 31, 2026 | 0.80 |
| Dec 31, 2025 | 0.77 |
| Sep 30, 2025 | 0.74 |
| Jun 30, 2025 | 0.75 |
| Mar 31, 2025 | 0.70 |
| Dec 31, 2024 | 0.69 |
| Sep 30, 2024 | 0.67 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 0.65 |
| Dec 31, 2023 | 0.65 |
| Sep 30, 2023 | 0.63 |
| Jun 30, 2023 | 0.59 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.59 |
| Sep 30, 2022 | 0.60 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.53 |
| Dec 31, 2021 | 0.56 |
| Sep 30, 2021 | 0.58 |
API Access
New Fortress Energy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();