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Next Debt-to-Equity Ratio Growth & History (NXT)

Next's debt-to-equity ratio was 0.62 for fiscal 2026.

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Next annual debt-to-equity ratio history

Next annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20262026-01-310.620.00+0.43%
20252025-01-250.61−0.07−10.81%
20242024-01-270.69−0.28−28.89%
20232023-01-280.97−0.31−24.39%
20222022-01-291.28−0.66−33.99%
20212021-01-301.94——

Next debt-to-equity ratio trends

Over the last five fiscal years, Next's debt-to-equity ratio decreased from 1.94 to 0.62, a change of −1.32. The latest reported quarter, Q4 2026, shows 1.09.

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 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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