What is New Fortress Energy's cash ratio?

New Fortress Energy (NFE) reported cash ratio of 0× in Q1 2026.

How has New Fortress Energy's cash ratio changed year-over-year?

New Fortress Energy's cash ratio decreased by 96.2% year-over-year, from 0.6× to 0×.

What is the long-term trend for New Fortress Energy's cash ratio?

Over 5 years (2020 to 2025), New Fortress Energy's cash ratio has grown at a -58.3% compound annual growth rate (CAGR), from 3.3× to 0×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

New Fortress Energy NFE Cash ratio

Cash ratio at other companies

Cheniere EnergyLNG

0.2×-0.5×

Stabilis Solutions, Inc.SLNG

0.1×-0.7×

Excelerate EnergyEE

1.8×-0.8×

Matrix Service CompanyMTRX

0.6×+0.1×

Fluence Energy, Inc.FLNC

0.3×-0.2×

AESAES

0.3×0.0×

Other financials

Income statement

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Revenue$227.0M-51.9%

Gross profit$27.3M-84.0%

Operating income-$225.4M-1,700%

Net income-$400.6M-128%

EPS (diluted)-$1.40-115%

Balance sheet

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Cash & equivalents$189.9M-77.3%

Total debt$1.5B-84.8%

Total equity-$180.2M-110%

Total assets$10.4B-20.5%

Cash flow

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Operating cash flow-$118.9M-1,543%

CapEx$43.6M-82.9%

Free cash flow-$162.5M+38.1%

Valuation

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Market cap$103.71M-84.2%

Enterprise value$1.38B-83.2%

P/S0.1×-0.2×

Profitability

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Gross margin35.2%-11.7pp

Operating margin-105.9%-121pp

Net margin-163.4%-194pp

FCF margin-90.1%+73.9pp

Returns & leverage

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Return on equity-177.8%-194pp

Debt / equity8.6×+3.7×

Current ratio0.1×-0.9×

Where this comes from

Calculated from New Fortress Energy’s reported figures.

cash and equivalents/total current liabilities=0×

Based on the most recent quarter.

The official record: New Fortress Energy’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Fortress Energy's cash ratio?: New Fortress Energy (NFE) reported cash ratio of 0× in Q1 2026.
How has New Fortress Energy's cash ratio changed year-over-year?: New Fortress Energy's cash ratio decreased by 96.2% year-over-year, from 0.6× to 0×.
What is the long-term trend for New Fortress Energy's cash ratio?: Over 5 years (2020 to 2025), New Fortress Energy's cash ratio has grown at a -58.3% compound annual growth rate (CAGR), from 3.3× to 0×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.