Next Hydrogen Solutions (TSXV:NXH) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Next Hydrogen Solutions Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$9.36 Mil. Next Hydrogen Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

TSXV:NXH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.19
Current: 0.19

During the past 4 years, the highest Debt-to-Equity Ratio of Next Hydrogen Solutions was 0.19. The lowest was 0.06. And the median was 0.09.

TSXV:NXH's Debt-to-Equity is ranked better than
61.73% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSXV:NXH: 0.19

Next Hydrogen Solutions Debt-to-Equity Historical Data

The historical data trend for Next Hydrogen Solutions's Debt-to-Equity 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-Equity Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Debt-to-Equity

-0.78

0.09

0.15

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-Equity	Get a 7-Day Free Trial													0.10	0.11	0.12	0.15	0.19

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

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

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

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

Next Hydrogen Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.154	+	1.68)	/	12.606
	=	0.15

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.16	+	1.629)	/	9.355
	=	0.19

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

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Next Hydrogen Solutions Debt-to-Equity 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 » Debt-to-Equity

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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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