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NextDecade (NextDecade) Financial Strength : 4 (As of Dec. 2023)


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What is NextDecade Financial Strength?

NextDecade has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

NextDecade did not have earnings to cover the interest expense. As of today, NextDecade's Altman Z-Score is 0.00.


Competitive Comparison of NextDecade's Financial Strength

For the Oil & Gas E&P subindustry, NextDecade's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NextDecade's Financial Strength distribution charts can be found below:

* The bar in red indicates where NextDecade's Financial Strength falls into.



NextDecade Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

NextDecade's Interest Expense for the months ended in Dec. 2023 was $-17.75 Mil. Its Operating Income for the months ended in Dec. 2023 was $-32.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,962.26 Mil.

NextDecade's Interest Coverage for the quarter that ended in Dec. 2023 is

NextDecade did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

NextDecade's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.143 + 1962.263) / 0
=N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

NextDecade has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

NextDecade has the Financial Strength Rank of 4.


NextDecade Financial Strength Related Terms

Thank you for viewing the detailed overview of NextDecade's Financial Strength 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