Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of -183.96 is 5853% below its 5-year average of 3.20, around the middle of its 5-year range (-308.52–90.80).
As of the fiscal period ended Tuesday, June 30, 2026. 172.50% below its 12-month average of -67.51.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): -183.96.
DEBT TO EQUITY RATIO
-183.96
DEBT TO EQUITY RATIO AVG TTM
-67.51
DEBT TO EQUITY RATIO AVG 3Y
7.95
DEBT TO EQUITY RATIO AVG 5Y
3.20
DEBT TO EQUITY RATIO AVG 10Y
0.00
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-172.50%
CURRENT VS 3Y AVG
-2415.02%
CURRENT VS 5Y AVG
-5853.43%
CURRENT VS 10Y AVG
-4010888.00%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.49
median of 98 covered companies
CURRENT VS SECTOR MEDIAN
-37642.65%
vs the sector median at left
Nextdecade Corp
Market Cap
$1.83B
Debt to Equity Ratio
-183.96
TTM Avg
-67.51
3Y Avg
7.95
5Y Avg
3.20
Market Cap
$2.09B
Debt to Equity Ratio
0.96
TTM Avg
1.07
3Y Avg
0.70
5Y Avg
0.65
Market Cap
$1.46B
Debt to Equity Ratio
0.04
TTM Avg
0.15
3Y Avg
0.22
5Y Avg
0.52
Market Cap
$1.43B
Debt to Equity Ratio
0.38
TTM Avg
0.27
3Y Avg
0.42
5Y Avg
19.69
Market Cap
$1.41B
Debt to Equity Ratio
0.01
TTM Avg
0.00
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$2.51B
Debt to Equity Ratio
0.29
TTM Avg
0.41
3Y Avg
0.53
5Y Avg
0.54
Market Cap
$1.04B
Debt to Equity Ratio
0.77
TTM Avg
0.65
3Y Avg
0.66
5Y Avg
0.47
Market Cap
$872.94M
Debt to Equity Ratio
1.98
TTM Avg
1.39
3Y Avg
1.23
5Y Avg
1.46
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nextdecade Corp (NEXT) | $1.83B | -183.96 | -67.51 | 7.95 | 3.20 |
| Sunrun Inc. (RUN)vs › | $1.86B | 4.36 | 4.92 | 3.32 | 2.54 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.09B | 0.96 | 1.07 | 0.70 | 0.65 |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 0.04 | 0.15 | 0.22 | 0.52 |
| Shoals Technologies Group, Inc. (SHLS)vs › | $1.43B | 0.38 | 0.27 | 0.42 | 19.69 |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.41B | 0.01 | 0.00 | 0.01 | 0.01 |
| National Energy Services Reunited Corp. (NESR)vs › | $2.51B | 0.29 | 0.41 | 0.53 | 0.54 |
| HighPeak Energy, Inc. (HPK)vs › | $1.04B | 0.77 | 0.65 | 0.66 | 0.47 |
| ProFrac Holding Corp. (ACDC)vs › | $872.94M | 1.98 | 1.39 | 1.23 | 1.46 |
| HMH Holding Inc. Class A Common Stock (HMH)vs › | $850.42M | 1.17 | 0.56 | 0.56 | 0.56 |
Debt/Equity
-183.96
Current Ratio
0.37
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | -183.96 |
| 2026-03-31 | -308.52 |
| 2025-12-31 | 90.80 |
| 2025-09-30 | 43.73 |
| 2025-06-30 | 20.41 |
| 2025-03-31 | 15.52 |
| 2024-12-31 | 10.77 |
| 2024-09-30 | 5.17 |
| 2024-06-30 | 4.71 |
| 2024-03-31 | 4.89 |
| 2023-12-31 | 6.83 |
| 2023-09-30 | 3.21 |
| 2023-06-30 | 0.00 |
| 2023-03-31 | 0.02 |
| 2022-12-31 | 0.01 |
| 2022-09-30 | 0.00 |
| 2022-06-30 | 0.01 |
| 2022-03-31 | 0.00 |
| 2021-12-31 | 0.00 |
| 2021-09-30 | 0.00 |
| 2021-06-30 | 0.00 |
| 2021-03-31 | 0.00 |
| 2020-12-31 | 0.00 |
| 2020-09-30 | 0.00 |
| 2020-06-30 | 0.00 |
| 2020-03-31 | 0.00 |
| 2019-12-31 | 0.00 |
| 2019-09-30 | 0.01 |
| 2019-06-30 | 0.01 |
| 2019-03-31 | 0.01 |
| 2018-12-31 | 0.00 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | 0.00 |
| 2018-03-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2017-09-30 | 0.00 |
| 2017-06-30 | 0.01 |
| 2017-03-31 | 0.01 |
| 2016-12-31 | 0.00 |
| 2016-09-30 | 0.00 |
| 2016-06-30 | 0.00 |
| 2016-03-31 | 0.00 |
| 2015-12-31 | 0.00 |
| 2015-09-30 | 0.00 |
| 2015-06-30 | 0.00 |
| 2015-03-31 | 0.00 |
| 2014-09-30 | 2.09 |
| 2014-05-31 | 2.04 |
