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Nextdecade Corporation  (NEXT)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

Nextdecade's Working Capital Ratio

NEXT's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 0.57 below Nextdecade Corporation average.

Within Natural Gas Utilities industry 31 other companies have achieved higher Working Capital Ratio than Nextdecade in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 2190, from total ranking in the third quarter 2023 at 3137.

Explain Working Capital Ratio
How much in Current Assets NEXT´s has?
What is the value of NEXT´s Current Liabilities?


NEXT Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 2078.1 % 3134.46 % 472.36 % 381.67 % 208.3 %
Y / Y Current Assets Change 391.92 % 324.47 % 28.53 % 125.39 % 142.31 %
Working Capital Ratio MRQ 0.57 0.85 1.18 1.51 2.52
NEXT's Total Ranking # 2190 # 3137 # 2491 # 2604 # 1361
Seq. Current Liabilities Change 0.31 % 1115.39 % 29.85 % 37.58 % 48.96 %
Seq. Current Assets Change -32.96 % 779.6 % 1.19 % -17.56 % -42.15 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Natural Gas Utilities Industry # 32
Utilities Sector # 75
Overall Market # 2190


Working Capital Ratio Statistics
High Average Low
27.75 6.92 0.34
(Sep 30 2015)   (Dec 31 2016)




Financial Statements
Nextdecade's Current Liabilities $ 552 Millions Visit NEXT's Balance sheet
Nextdecade's Current Assets $ 315 Millions Visit NEXT's Balance sheet
Source of NEXT's Sales Visit NEXT's Sales by Geography


Cumulative Nextdecade's Working Capital Ratio

NEXT's Working Capital Ratio for the trailling 12 Months

NEXT Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 2078.1 % 3134.46 % 472.36 % 381.67 % 208.3 %
Y / Y Current Assets TTM Growth 391.92 % 324.47 % 28.53 % 125.39 % 142.31 %
Working Capital Ratio TTM 0.75 0.97 2.29 3.15 4.16
Total Ranking TTM # 1991 # 3110 # 2837 # 4179 # 2282
Seq. Current Liabilities TTM Growth 0.31 % 1115.39 % 29.85 % 37.58 % 48.96 %
Seq. Current Assets TTM Growth -32.96 % 779.6 % 1.19 % -17.56 % -42.15 %


On the trailing twelve months basis Due to rise in Current Liabilities in the IV Quarter 2023 to $552.39 millions, cumulative Working Capital Ratio decreased to 0.75 below the Nextdecade Corporation average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 34 other companies have achieved higher Working Capital Ratio than Nextdecade. While Working Capital Ratio overall ranking has improved so far to 1991, from total ranking during the twelve months ending third quarter 2023 at 3110.

Explain Working Capital Ratio
How much in Current Assets NEXT´s has?
What is the value of NEXT´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 35
Utilities Sector # 85
Within the Market # 1991


trailing twelve months Working Capital Ratio Statistics
High Average Low
5.9 4.01 0.75
(Dec 31 2017)   (Dec 31 2023)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Enlink Midstream Llc  1.48 $ 838.300  Millions$ 565.600  Millions
Archrock inc  1.46 $ 213.157  Millions$ 146.407  Millions
Atmos Energy Corp  1.44 $ 1,679.717  Millions$ 1,170.481  Millions
Stabilis Solutions Inc   1.30 $ 14.972  Millions$ 11.555  Millions
Ngl Energy Partners Lp  1.23 $ 1,340.567  Millions$ 1,088.012  Millions
Kinetik Holdings Inc   1.16 $ 257.299  Millions$ 220.941  Millions
Southwest Gas Holdings Inc   1.12 $ 1,881.114  Millions$ 1,684.847  Millions
Energy Transfer Lp  1.10 $ 12,433.000  Millions$ 11,277.000  Millions
Mplx Lp  1.07 $ 2,808.000  Millions$ 2,624.000  Millions
Cheniere Energy Partners L p   1.01 $ 1,581.000  Millions$ 1,566.000  Millions
Genesis Energy Lp  1.00 $ 964.050  Millions$ 967.447  Millions
Equitrans Midstream Corporation  0.99 $ 595.497  Millions$ 601.815  Millions
Plains Gp Holdings Lp  0.98 $ 4,916.000  Millions$ 5,005.000  Millions
Plains All American Pipeline Lp  0.98 $ 4,913.000  Millions$ 5,003.000  Millions
Ugi Corporation  0.98 $ 2,285.000  Millions$ 2,341.000  Millions
Antero Midstream Corporation  0.95 $ 91.128  Millions$ 96.417  Millions
Enterprise Products Partners L p   0.93 $ 12,248.000  Millions$ 13,131.000  Millions
Delek Logistics Partners Lp  0.91 $ 76.269  Millions$ 83.893  Millions
Oneok Inc   0.90 $ 3,108.000  Millions$ 3,452.000  Millions
Northwest Natural Holding Company  0.86 $ 601.440  Millions$ 696.878  Millions
Transmontaigne Partners llc  0.86 $ 61.236  Millions$ 71.077  Millions
Nustar Energy L p   0.85 $ 187.102  Millions$ 220.986  Millions
Boardwalk Pipeline Partners Lp  0.80 $ 288.700  Millions$ 362.300  Millions
Williams Companies Inc   0.77 $ 4,513.000  Millions$ 5,830.000  Millions
Western Midstream Partners Lp  0.76 $ 992.410  Millions$ 1,304.056  Millions
Summit Midstream Partners Lp  0.73 $ 98.422  Millions$ 134.012  Millions
New Jersey Resources Corporation  0.70 $ 676.958  Millions$ 962.032  Millions
Dt Midstream Inc   0.63 $ 272.000  Millions$ 434.000  Millions
Nextdecade Corporation  0.57 $ 314.525  Millions$ 552.387  Millions
National Fuel Gas Company  0.56 $ 453.602  Millions$ 807.245  Millions

Date modified: 2024-03-12T09:07:45+00:00



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