Is NextDecade Corp (NEXT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 273.3% / 30% | 10.0% / 30% | 0.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 273.3% / 33% | 10.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 63.5% / 33% | 2.3% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 273.3% / 33% | 10.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 63.5% / 33% | 2.3% / 33% | 0.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -21.2% | |
| Return on Assets (ROA) | -1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$169M |
| Free Cash Flow | -$5.0B |
| Total Debt | $8.7B |
| Debt-to-Equity | 379.9 |
| Current Ratio | 0.5 |
| Total Assets | $12.4B |
Price & Trading
| Last Close | $8.15 |
| 50-Day MA | $5.70 |
| 200-Day MA | $7.22 |
| Avg Volume | 3.6M |
| Beta | 2.0 |
|
52-Week Range
$4.75
| |
About NextDecade Corp (NEXT)
NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. The company constructs and develops natural gas liquefaction and export facilities located in the Rio Grande Valley near Brownsville, Texas; and a carbon capture and storage project at the Rio Grande LNG Facility. It is also involved in the sale of LNG. NextDecade Corporation was founded in 2010 and is based in Houston, Texas.
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Frequently Asked Questions
Is NextDecade Corp (NEXT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NextDecade Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is NextDecade Corp's debt ratio?
NextDecade Corp's debt ratio is 273.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 63.5%.
What are NextDecade Corp's key financial metrics?
NextDecade Corp has a market capitalization of $2.2B. Return on equity stands at -21.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.