New Gross Profit vs Tax Provision Analysis

NFE Stock

USD 9.75 0.24 2.52%

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 Gross Profit and its Tax Provision 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 closely tied with the direction of predictive economic indicators such as signals in census.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Fortress Energy Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have no relationship.

The correlation between New Fortress' Gross Profit and Tax Provision is 0.08. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision 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' Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of New Fortress Energy are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., New Fortress' Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of New Fortress Energy minus its cost of goods sold. It is profit before New Fortress operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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 closely tied 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 13.79, 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	0.75	0.96	0.85	0.6	0.59	0.99	0.43	1.0	0.8	0.87	0.47	1.0	0.77	0.28	1.0	0.33	0.99	-0.82	0.86	-0.84	0.99	1.0	0.87	0.95
Short Long Term Debt Total	1.0		0.73	0.97	0.82	0.55	0.55	1.0	0.41	1.0	0.82	0.9	0.47	1.0	0.76	0.24	1.0	0.33	0.99	-0.82	0.84	-0.85	0.99	1.0	0.89	0.95
Other Current Liab	0.75	0.73		0.78	0.74	0.41	0.41	0.7	0.13	0.71	0.45	0.44	0.71	0.72	0.79	0.11	0.74	0.63	0.82	-0.7	0.84	-0.83	0.8	0.74	0.51	0.9
Total Current Liabilities	0.96	0.97	0.78		0.74	0.41	0.41	0.97	0.25	0.96	0.84	0.89	0.49	0.96	0.74	0.06	0.96	0.35	0.97	-0.73	0.79	-0.93	0.96	0.96	0.87	0.96
Total Stockholder Equity	0.85	0.82	0.74	0.74		0.84	0.86	0.79	0.57	0.82	0.48	0.57	0.42	0.85	0.71	0.61	0.82	0.3	0.83	-0.73	0.96	-0.6	0.86	0.84	0.57	0.8
Other Liab	0.6	0.55	0.41	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	0.1	0.55	-0.61	0.73	-0.15	0.62	0.58	0.34	0.49
Net Tangible Assets	0.59	0.55	0.41	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	0.24	0.54	-0.51	0.8	-0.24	0.6	0.58	0.22	0.49
Property Plant And Equipment Net	0.99	1.0	0.7	0.97	0.79	0.51	0.51		0.37	1.0	0.87	0.93	0.41	0.99	0.73	0.19	0.99	0.26	0.98	-0.78	0.8	-0.85	0.97	0.99	0.91	0.93
Current Deferred Revenue	0.43	0.41	0.13	0.25	0.57	0.86	0.63	0.37		0.42	-0.02	0.21	0.0	0.44	0.58	0.86	0.41	-0.01	0.38	-0.6	0.47	0.1	0.46	0.43	0.37	0.27
Net Debt	1.0	1.0	0.71	0.96	0.82	0.56	0.55	1.0	0.42		0.84	0.91	0.41	1.0	0.75	0.25	1.0	0.27	0.98	-0.8	0.82	-0.83	0.98	1.0	0.91	0.93
Retained Earnings	0.8	0.82	0.45	0.84	0.48	0.12	0.17	0.87	-0.02	0.84		0.95	0.16	0.81	0.42	-0.19	0.82	-0.01	0.77	-0.47	0.46	-0.83	0.74	0.81	0.87	0.73
Accounts Payable	0.87	0.9	0.44	0.89	0.57	0.27	0.29	0.93	0.21	0.91	0.95		0.22	0.88	0.51	-0.04	0.89	0.05	0.83	-0.58	0.56	-0.78	0.82	0.88	0.93	0.76
Cash	0.47	0.47	0.71	0.49	0.42	0.14	0.29	0.41	0.0	0.41	0.16	0.22		0.42	0.42	-0.03	0.48	0.97	0.55	-0.65	0.63	-0.55	0.52	0.47	0.2	0.62
Non Current Assets Total	1.0	1.0	0.72	0.96	0.85	0.61	0.59	0.99	0.44	1.0	0.81	0.88	0.42		0.76	0.3	1.0	0.28	0.98	-0.81	0.85	-0.82	0.99	1.0	0.88	0.94
Non Currrent Assets Other	0.77	0.76	0.79	0.74	0.71	0.58	0.36	0.73	0.58	0.75	0.42	0.51	0.42	0.76		0.33	0.76	0.33	0.8	-0.84	0.73	-0.59	0.81	0.77	0.73	0.8
Other Assets	0.28	0.24	0.11	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	-0.02	0.23	-0.39	0.48	0.2	0.31	0.27	0.05	0.15
Long Term Debt	1.0	1.0	0.74	0.96	0.82	0.56	0.56	0.99	0.41	1.0	0.82	0.89	0.48	1.0	0.76	0.25		0.34	0.99	-0.83	0.84	-0.85	0.99	1.0	0.89	0.95
Cash And Short Term Investments	0.33	0.33	0.63	0.35	0.3	0.1	0.24	0.26	-0.01	0.27	-0.01	0.05	0.97	0.28	0.33	-0.02	0.34		0.43	-0.56	0.51	-0.42	0.39	0.34	0.05	0.51
Net Receivables	0.99	0.99	0.82	0.97	0.83	0.55	0.54	0.98	0.38	0.98	0.77	0.83	0.55	0.98	0.8	0.23	0.99	0.43		-0.84	0.87	-0.88	0.99	0.99	0.85	0.98
Common Stock Total Equity	-0.82	-0.82	-0.7	-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	-0.56	-0.84		-0.77	0.57	-0.85	-0.83	-0.73	-0.81
Common Stock Shares Outstanding	0.86	0.84	0.84	0.79	0.96	0.73	0.8	0.8	0.47	0.82	0.46	0.56	0.63	0.85	0.73	0.48	0.84	0.51	0.87	-0.77		-0.69	0.89	0.85	0.55	0.87
Short Term Investments	-0.84	-0.85	-0.83	-0.93	-0.6	-0.15	-0.24	-0.85	0.1	-0.83	-0.83	-0.78	-0.55	-0.82	-0.59	0.2	-0.85	-0.42	-0.88	0.57	-0.69		-0.83	-0.84	-0.72	-0.92
Long Term Debt Total	0.99	0.99	0.8	0.96	0.86	0.62	0.6	0.97	0.46	0.98	0.74	0.82	0.52	0.99	0.81	0.31	0.99	0.39	0.99	-0.85	0.89	-0.83		0.99	0.84	0.97
Non Current Liabilities Total	1.0	1.0	0.74	0.96	0.84	0.58	0.58	0.99	0.43	1.0	0.81	0.88	0.47	1.0	0.77	0.27	1.0	0.34	0.99	-0.83	0.85	-0.84	0.99		0.88	0.95
Inventory	0.87	0.89	0.51	0.87	0.57	0.34	0.22	0.91	0.37	0.91	0.87	0.93	0.2	0.88	0.73	0.05	0.89	0.05	0.85	-0.73	0.55	-0.72	0.84	0.88		0.78
Other Current Assets	0.95	0.95	0.9	0.96	0.8	0.49	0.49	0.93	0.27	0.93	0.73	0.76	0.62	0.94	0.8	0.15	0.95	0.51	0.98	-0.81	0.87	-0.92	0.97	0.95	0.78

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	98.9M	294.1M	1.1B	580.3M	306.6M
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	119.2M	83.7M
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	155.4M	273.7M
Net Receivables	51.0M	85.8M	208.5M	318.5M	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	128.9M
Short Term Investments	1.2M	1.6M	18.9M	(155.4M)	(139.9M)	(132.9M)
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	51.9M	147.1M	354.1M	286.3M	300.6M
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)

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

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

Details

Is New Stock a good investment?

Details

What is New Fortress' Net Worth?

Details

Largest Oil & Gas Refining & Marketing Companies

View

Largest Utilities - Regulated Gas Companies

View

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 closely tied with the direction of predictive economic indicators such as signals in census.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Oil & Gas Refining & Marketing space 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

(0.90)

Dividend Share

0.4

Earnings Share

0.91

Revenue Per Share

11.791

Quarterly Revenue Growth

0.103

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

New Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

New Fortress fundamental ratios Correlations

New Fortress Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Fortress fundamental ratios Accounts

Also Currently Popular

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
Non Current Liabilities Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total

Short Term Investments	- 0.93	Total Current Liabilities
Other Current Assets	- 0.92	Short Term Investments
Short Term Investments	- 0.88	Net Receivables
Long Term Debt Total	- 0.85	Common Stock Total Equity
Short Term Investments	- 0.85	Long Term Debt
Short Term Investments	- 0.85	Property Plant And Equipment Net