NextDecade (NEXT) Interest Coverage Ratio (2023 - 2026)
NextDecade's (NEXT) Interest Coverage Ratio was -0.60 for Q2 2026, compared with -1.78 a year earlier.
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Analysis
NextDecade (NEXT) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NextDecade's Interest Coverage Ratio came in at -0.81; for FY2025, it was -1.33.
- By year, Interest Coverage Ratio came in at -1.95 in FY2024 and -2.44 in FY2023.
- The Q2 2026 figure ranks as the highest quarterly Interest Coverage Ratio in data going back to Q3 2023.
- Per Business Quant data, the three quarters before Q2 2026 came in at -0.70 (Q1 2026), -0.65 (Q4 2025) and -1.79 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 105.11 Bn | 100.70 Bn | 4.84 Bn | 2.09 |
| 2 | Williams Companies | 89.14 Bn | 87.86 Bn | 2.54 Bn | 3.19 |
| 3 | Enterprise Products Partners | 79.51 Bn | 77.90 Bn | - | 5.86 |
| 4 | Kinder Morgan | 75.65 Bn | 75.36 Bn | 3.07 Bn | - |
| 5 | Energy Transfer | 69.21 Bn | 62.39 Bn | 7.40 Bn | 3.83 |
| 6 | Tc Energy | 65.14 Bn | 61.22 Bn | 2.81 Bn | 6.23 |
| 7 | Targa Resources | 63.44 Bn | 62.92 Bn | 2.14 Bn | - |
| 8 | Mplx | 59.35 Bn | 52.91 Bn | 2.91 Bn | 4.77 |
| 9 | Cheniere Energy | 59.21 Bn | 54.04 Bn | 5.29 Bn | 14.95 |
| 10 | NextDecade | 1.62 Bn | 1.04 Bn | - | -0.60 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.60 |
| Mar 31, 2026 | -0.70 |
| Dec 31, 2025 | -0.65 |
| Sep 30, 2025 | -1.79 |
| Jun 30, 2025 | -1.78 |
| Mar 31, 2025 | -1.91 |
| Dec 31, 2024 | -2.20 |
| Sep 30, 2024 | -3.09 |
| Jun 30, 2024 | -1.52 |
| Mar 31, 2024 | -1.50 |
| Dec 31, 2023 | -1.81 |
| Sep 30, 2023 | -1.10 |
API Access
NextDecade Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "NEXT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();