NextDecade annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
NextDecade Debt-to-Equity Ratio Growth & History (NEXT)
NextDecade's debt-to-equity ratio was 90.80 for fiscal 2025.
View full NextDecade company overviewNextDecade annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 90.80 | 80.03 | +743.06% |
| 2024 | 2024-12-31 | 10.77 | 3.94 | +57.79% |
| 2023 | 2023-12-31 | 6.83 | 6.80 | +23721.87% |
| 2022 | 2022-12-31 | 0.03 | −0.00 | −4.36% |
| 2021 | 2021-12-31 | 0.03 | 0.02 | +319.13% |
| 2020 | 2020-12-31 | 0.01 | −0.00 | −8.51% |
| 2019 | 2019-12-31 | 0.01 | — | — |
NextDecade quarterly debt-to-equity ratio
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q2.22
Q3.22
Q4.22
Q1.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 90.80 | 80.03 | +743.06% |
| Q3 2025 | 2025-09-30 | 43.73 | 38.56 | +745.93% |
| Q2 2025 | 2025-06-30 | 20.41 | 12.84 | +169.61% |
| Q1 2025 | 2025-03-31 | 15.52 | 9.43 | +154.59% |
| Q4 2024 | 2024-12-31 | 10.77 | 3.94 | +57.79% |
| Q3 2024 | 2024-09-30 | 5.17 | 1.96 | +61.01% |
| Q2 2024 | 2024-06-30 | 7.57 | — | — |
| Q1 2024 | 2024-03-31 | 6.10 | 6.08 | +27232.79% |
| Q4 2023 | 2023-12-31 | 6.83 | 6.80 | +23721.87% |
| Q3 2023 | 2023-09-30 | 3.21 | 3.20 | +21966.91% |
| Q1 2023 | 2023-03-31 | 0.02 | — | — |
| Q4 2022 | 2022-12-31 | 0.03 | −0.00 | −4.36% |
| Q3 2022 | 2022-09-30 | 0.01 | −0.01 | −38.16% |
| Q2 2022 | 2022-06-30 | 0.07 | 0.05 | +204.70% |
| Q4 2021 | 2021-12-31 | 0.03 | 0.02 | +319.13% |
| Q3 2021 | 2021-09-30 | 0.02 | 0.01 | +160.79% |
| Q2 2021 | 2021-06-30 | 0.02 | 0.01 | +126.58% |
| Q1 2021 | 2021-03-31 | 0.01 | 0.00 | +10.16% |
| Q4 2020 | 2020-12-31 | 0.01 | −0.00 | −8.51% |
| Q3 2020 | 2020-09-30 | 0.01 | −0.03 | −75.05% |
| Q2 2020 | 2020-06-30 | 0.01 | −0.03 | −72.74% |
| Q1 2020 | 2020-03-31 | 0.01 | −0.02 | −77.82% |
| Q4 2019 | 2019-12-31 | 0.01 | — | — |
| Q3 2019 | 2019-09-30 | 0.04 | — | — |
| Q2 2019 | 2019-06-30 | 0.04 | — | — |
| Q1 2019 | 2019-03-31 | 0.02 | — | — |
NextDecade debt-to-equity ratio trends
Over the last five fiscal years, NextDecade's debt-to-equity ratio increased from 0.01 to 90.80, a change of 90.80. The latest reported quarter, Q4 2025, shows 90.80.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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