NextDecade Corporation

NasdaqCM:NEXT Stock Report

Market Cap: US$1.7b

NextDecade Balance Sheet Health

Financial Health criteria checks 2/6

NextDecade has a total shareholder equity of $740.4M and total debt of $1.8B, which brings its debt-to-equity ratio to 245.3%. Its total assets and total liabilities are $3.3B and $2.6B respectively.

Key information

245.3%

Debt to equity ratio

US$1.82b

Debt

Interest coverage ration/a
CashUS$38.24m
EquityUS$740.43m
Total liabilitiesUS$2.58b
Total assetsUS$3.32b

Recent financial health updates

Recent updates

We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully

May 01
We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully

Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation

Jan 11
Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation

Does This Valuation Of NextDecade Corporation (NASDAQ:NEXT) Imply Investors Are Overpaying?

Nov 22
Does This Valuation Of NextDecade Corporation (NASDAQ:NEXT) Imply Investors Are Overpaying?

NextDecade announces $85M private placement of common stock

Sep 15

NextDecade announces 1.0 MTPA LNG sale and purchase agreement with ExxonMobil

Jul 27

Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth

Feb 17
Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth

Calculating The Fair Value Of NextDecade Corporation (NASDAQ:NEXT)

Jan 11
Calculating The Fair Value Of NextDecade Corporation (NASDAQ:NEXT)

NextDecade: More Rio Grande Delays

Jan 10

NextDecade names Ivan Van der Walt as chief operating officer

Jun 21

NextDecade soars after Morgan Stanley upgrades on Rio Grande LNG outlook

Jun 07

NextDecade nixes plans for Galveston Bay LNG project

Jan 29

Financial Position Analysis

Short Term Liabilities: NEXT's short term assets ($314.5M) do not cover its short term liabilities ($552.4M).

Long Term Liabilities: NEXT's short term assets ($314.5M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: NEXT's net debt to equity ratio (240.1%) is considered high.

Reducing Debt: NEXT's debt to equity ratio has increased from 0% to 245.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEXT has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: NEXT is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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