NextDecade Balance Sheet Health
Financial Health criteria checks 0/6
NextDecade has a total shareholder equity of $1.0B and total debt of $3.3B, which brings its debt-to-equity ratio to 317%. Its total assets and total liabilities are $5.1B and $4.1B respectively.
Key information
317.0%
Debt to equity ratio
US$3.32b
Debt
| Interest coverage ratio | n/a |
| Cash | US$38.23m |
| Equity | US$1.05b |
| Total liabilities | US$4.08b |
| Total assets | US$5.12b |
Recent financial health updates
We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully
May 01
Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation
Jan 11Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth
Feb 17Recent updates
We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully
May 01Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation
Jan 11Does This Valuation Of NextDecade Corporation (NASDAQ:NEXT) Imply Investors Are Overpaying?
Nov 22NextDecade announces $85M private placement of common stock
Sep 15NextDecade announces 1.0 MTPA LNG sale and purchase agreement with ExxonMobil
Jul 27Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth
Feb 17Calculating The Fair Value Of NextDecade Corporation (NASDAQ:NEXT)
Jan 11NextDecade: More Rio Grande Delays
Jan 10NextDecade names Ivan Van der Walt as chief operating officer
Jun 21NextDecade soars after Morgan Stanley upgrades on Rio Grande LNG outlook
Jun 07NextDecade nixes plans for Galveston Bay LNG project
Jan 29Financial Position Analysis
Short Term Liabilities: NEXT's short term assets ($271.4M) do not cover its short term liabilities ($558.3M).
Long Term Liabilities: NEXT's short term assets ($271.4M) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: NEXT's net debt to equity ratio (313.4%) is considered high.
Reducing Debt: NEXT's debt to equity ratio has increased from 0% to 317% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NEXT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 71.6% each year