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NextDecade (NextDecade) Cash-to-Debt : 0.02 (As of Dec. 2023)


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What is NextDecade Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. NextDecade's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, NextDecade couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for NextDecade's Cash-to-Debt or its related term are showing as below:

NEXT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 47.6   Max: No Debt
Current: 0.02

During the past 10 years, NextDecade's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 47.60.

NEXT's Cash-to-Debt is ranked worse than
93.47% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs NEXT: 0.02

NextDecade Cash-to-Debt Historical Data

The historical data trend for NextDecade's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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NextDecade Cash-to-Debt Chart

NextDecade Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.19 52.33 42.87 40.30 0.02

NextDecade Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.30 40.33 41.46 0.03 0.02

Competitive Comparison of NextDecade's Cash-to-Debt

For the Oil & Gas E&P subindustry, NextDecade's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NextDecade's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NextDecade's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where NextDecade's Cash-to-Debt falls into.



NextDecade Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

NextDecade's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

NextDecade's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NextDecade  (NAS:NEXT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


NextDecade Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of NextDecade's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


NextDecade (NextDecade) Business Description

Traded in Other Exchanges
Address
1000 Louisiana Street, Suite 3900, Houston, TX, USA, 77002
NextDecade Corp is a development and management company. It focuses on land-based and floating LNG projects, creating opportunities in the integrated natural gas industry. NextDecade provides a number of services depending on the individual needs of the customer. These include the supply and trade of LNG volumes, the creation of new natural gas infrastructure including pipeline and natural gas liquefaction facilities, treatment and processing of natural gas into LNG, as well as technical engineering and design services related to the development and execution of natural gas infrastructure, transporting, shipping and storage of LNG. All the operation generally function through the region of Texas, U.S.
Executives
Halcyon Mount Bonnell Fund Lp director C/O HALCYON CAPITAL MANAGEMENT, LLC, 477 MADISON AVE., 8TH FLOOR, NEW YORK NY 10022
Halcyon Capital Management Lp director 299 PARK AVENUE, NEW YORK NY 10171
James G Dinan 10 percent owner 390 PARK AVE 15TH FLOOR, NEW YORK NY 10022
Seguineau De Preval Thibaud Marie director 2, PLACE JEAN MILLIER, LA DEFENSE 6, COURBEVOIE I0 92400
Global Lng North America Corp. director, 10 percent owner 1201 LOUISIANA ST., SUITE 1800, HOUSTON TX 77002
Hgc Next Inv Llc 10 percent owner 501 2ND STREET, SUITE 500, SAN FRANCISCO CA 94107
Hanwha Impact Global Corp 10 percent owner 501 2ND STREET, SUITE 500, SAN FRANCISCO CA 94107
Se Totalenergies director, 10 percent owner 2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078
Totalenergies Delaware, Inc. director, 10 percent owner 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Holdings Usa, Inc. director, 10 percent owner 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Gestion Usa Sarl director, 10 percent owner LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400
Hanwha Impact Partners Inc. 10 percent owner 501 2ND STREET, SUITE 500, SAN FRANCISCO CA 94107
Giovanni Oddo director 1000 LOUISIANA STREET, HOUSTON TX 77002
Seokwon Ha director 1000 LOUISIANA STREET, HOUSTON TX 77002
Gyarfas Vera De officer: General Counsel 1000 LOUISIANA STREET, HOUSTON TX 77002

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