Is New Fortress Energy Inc. (NFE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3090.7% / 30% | 160.4% / 30% | 156.7% / 30% | 20.7% / 5% | ✗ NOT HALAL |
| DJIM | 3090.7% / 33% | 160.4% / 33% | 156.7% / 33% | 20.7% / 5% | ✗ NOT HALAL |
| MSCI | 73.8% / 33% | 3.8% / 33% | 3.7% / 33% | 20.7% / 5% | ✗ NOT HALAL |
| S&P | 3090.7% / 33% | 160.4% / 33% | 156.7% / 33% | 20.7% / 5% | ✗ NOT HALAL |
| FTSE | 73.8% / 33% | 3.8% / 33% | 3.7% / 50% | 20.7% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.5% | |
| Operating Margin | -22.0% | |
| Net Margin | -73.4% | |
| Return on Equity (ROE) | -87.3% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $587M |
| Free Cash Flow | -$2.0B |
| Total Debt | $9.5B |
| Debt-to-Equity | 828.0 |
| Current Ratio | 0.2 |
| Total Assets | $12.9B |
Price & Trading
| Last Close | $0.71 |
| 50-Day MA | $1.19 |
| 200-Day MA | $1.90 |
| Avg Volume | 13.4M |
| Beta | 1.0 |
|
52-Week Range
$0.61
| |
About New Fortress Energy Inc. (NFE)
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and logistics, shipping, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; LNG receiving facility and gas-fired power plant in Baja California Sur, Mexico; and LNG receiving facility in southern coast of Brazil, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
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Frequently Asked Questions
Is New Fortress Energy Inc. (NFE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), New Fortress Energy Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is New Fortress Energy Inc.'s debt ratio?
New Fortress Energy Inc.'s debt ratio is 3090.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 73.8%.
What are New Fortress Energy Inc.'s key financial metrics?
New Fortress Energy Inc. has a market capitalization of $174M, and revenue of $2.4B. The company maintains a gross margin of 37.5% and a net margin of -73.4%. Return on equity stands at -87.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.