NextDecade Corporation

NextDecade Corporationverified

NEXT

Price:

$4.9

Market Cap:

$1.27B

NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural gas (LNG); and capture and storage of CO2 emissions. The company focuses on the development activities on the Rio Grande LNG terminal facility located in the Port of Brownsville in southern Texas. It also focuses on a carbon capture and storage project (CCS project) at the terminal, as well as on other CCS projects with third-party industrial source facilities. The company was founded in 2010 is based in Houston, Texas.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2015-06-16

Stock Exchange

NASDAQ

Ticker

NEXT

The Current Ratio as of September 2024 (TTM) for NextDecade Corporation (NEXT) is 0.45

According to NextDecade Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.45. This represents a change of -26.21% compared to the average of 0.61 of the last 4 quarters.

NextDecade Corporation (NEXT) Historical Current Ratio (quarterly & annually)

How has NEXT Current Ratio performed in the past?

The mean historical Current Ratio of NextDecade Corporation over the last ten years is 4.78. The current 0.45 Current Ratio has changed 837.60% with respect to the historical average. Over the past ten years (40 quarters), NEXT's Current Ratio was at its highest in in the September 2015 quarter at 27.82. The Current Ratio was at its lowest in in the September 2014 quarter at 0.08.

Quarterly (TTM)
Annual

Average

4.78

Median

3.43

Minimum

0.01

Maximum

21.54

NextDecade Corporation (NEXT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NextDecade Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 179.92%

Maximum Annual Current Ratio = 21.54

Minimum Annual Increase = -98.43%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.57-77.42%
20222.52-21.41%
20213.21-29.13%
20204.5323.74%
20193.66-42.52%
20186.3624.65%
20175.101.41%
20160.34-98.43%
201521.54179.92%

NextDecade Corporation (NEXT) Average Current Ratio

How has NEXT Current Ratio performed in the past?

The current Current Ratio of NextDecade Corporation (NEXT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.10

5-year avg

2.90

10-year avg

4.78

NextDecade Corporation (NEXT) Current Ratio vs. Peers

How is NEXT’s Current Ratio compared to its peers?

NextDecade Corporation’s Current Ratio is less than EQT Corporation (0.73), less than Southwestern Energy Company (0.53), less than Coterra Energy Inc. (1.40), greater than Antero Resources Corporation (0.29), less than Evolution Petroleum Corporation (1.37), less than GeoPark Limited (1.16), less than Granite Ridge Resources, Inc (2.24), less than PHX Minerals Inc. (5.05), less than California Resources Corporation (2.43), less than Epsilon Energy Ltd. (2.47), less than SilverBow Resources, Inc. (0.63), less than Gulfport Energy Corporation (0.79), less than North European Oil Royalty Trust (1.57), less than Magnolia Oil & Gas Corporation (1.28), less than Matador Resources Company (0.86), less than Earthstone Energy, Inc. (0.47), less than Ring Energy, Inc. (0.50), less than Houston American Energy Corp. (10.05), greater than Permianville Royalty Trust (0), less than Gran Tierra Energy Inc. (0.75),

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