Next Hydrogen Solutions (TSXV:NXH) Cash-to-Debt : 5.36 (As of Mar. 2024)

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What is Next Hydrogen Solutions Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Next Hydrogen Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.36.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Next Hydrogen Solutions could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Next Hydrogen Solutions's Cash-to-Debt or its related term are showing as below:

TSXV:NXH' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.36 Med: 14.25 Max: No Debt
Current: 5.36

During the past 4 years, Next Hydrogen Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 5.36. And the median was 14.25.

TSXV:NXH's Cash-to-Debt is ranked better than
72.03% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSXV:NXH: 5.36

Next Hydrogen Solutions Cash-to-Debt Historical Data

The historical data trend for Next Hydrogen Solutions's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Next Hydrogen Solutions Cash-to-Debt Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Cash-to-Debt

0.21

No Debt

10.81

5.95

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													9.99	8.17	6.23	5.95	5.36

Competitive Comparison of Next Hydrogen Solutions's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Next Hydrogen Solutions's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Next Hydrogen Solutions's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Next Hydrogen Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Next Hydrogen Solutions's Cash-to-Debt falls into.

Next Hydrogen Solutions Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Next Hydrogen Solutions's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	10.909	/	(0.154	+	1.68)
	=	5.95

Next Hydrogen Solutions's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.583	/	(0.16	+	1.629)
	=	5.36

Next Hydrogen Solutions (TSXV:NXH) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Next Hydrogen Solutions Cash-to-Debt Related Terms

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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Cash-to-Debt

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NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

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