Next Hydrogen Solutions (TSXV:NXH) Debt-to-EBITDA : -0.14 (As of Mar. 2024)

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What is Next Hydrogen Solutions Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Next Hydrogen Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.16 Mil. Next Hydrogen Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.63 Mil. Next Hydrogen Solutions's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-12.56 Mil. Next Hydrogen Solutions's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.14.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

TSXV:NXH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.86 Med: -0.17 Max: -0.15
Current: -0.16

During the past 4 years, the highest Debt-to-EBITDA Ratio of Next Hydrogen Solutions was -0.15. The lowest was -0.86. And the median was -0.17.

TSXV:NXH's Debt-to-EBITDA is ranked worse than
100% of 2290 companies
in the Industrial Products industry
Industry Median: 1.72 vs TSXV:NXH: -0.16

Next Hydrogen Solutions Debt-to-EBITDA Historical Data

The historical data trend for Next Hydrogen Solutions's Debt-to-EBITDA 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.

* Premium members only.

Next Hydrogen Solutions Debt-to-EBITDA Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Debt-to-EBITDA

-0.86

-0.15

-0.17

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial													-0.16	-0.18	-0.23	-0.15	-0.14

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

For the Specialty Industrial Machinery subindustry, Next Hydrogen Solutions's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Industrial Products Industry

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

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

Next Hydrogen Solutions Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.154	+	1.68)	/	-10.906
	=	-0.17

Next Hydrogen Solutions's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.16	+	1.629)	/	-12.56
	=	-0.14

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.

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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Next Hydrogen Solutions Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Next Hydrogen Solutions's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

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

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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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