Next-ChemX (Next-ChemX) Debt-to-Equity : -1.50 (As of Dec. 2023)

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What is Next-ChemX Debt-to-Equity?

Next-ChemX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.95 Mil. Next-ChemX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Next-ChemX's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.63 Mil. Next-ChemX's debt to equity for the quarter that ended in Dec. 2023 was -1.50.

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-ChemX's Debt-to-Equity or its related term are showing as below:

CHMX' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.5 Med: 0.4 Max: 1.27
Current: -1.5

During the past 9 years, the highest Debt-to-Equity Ratio of Next-ChemX was 1.27. The lowest was -1.50. And the median was 0.40.

CHMX's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs CHMX: -1.50

Next-ChemX Debt-to-Equity Historical Data

The historical data trend for Next-ChemX'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-ChemX Debt-to-Equity Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

1.27

-1.50

Next-ChemX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.27	1.10	1.66	-17.55	-1.50

Competitive Comparison of Next-ChemX's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Next-ChemX'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-ChemX's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Next-ChemX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Next-ChemX'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
	=	(0.945	+	0)	/	-0.629
	=	-1.50

Next-ChemX's Debt to Equity Ratio for the quarter 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
	=	(0.945	+	0)	/	-0.629
	=	-1.50

Next-ChemX (OTCPK:CHMX) 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-ChemX Debt-to-Equity Related Terms

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

Next-ChemX (Next-ChemX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next-ChemX Corp (OTCPK:CHMX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Mopac Expressway South, Building 1, Suite 300, Austin, TX, USA, 78746

Website

https://www.next-chemx.com

Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. Currently, The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.

Executives

Majendie Dominic John George Gordon	officer: VP Business Development	FLAT 93, YAROSLAVIV VAL 14D, KYIV 2H 01034
Benton H Wilcoxon	director, officer: CEO
John Michael Johnson	director, officer: President	20 LEA LEA PL., MAKAWAO HI 96768
Next-chemx Corp./tx	10 percent owner, officer: CEO	1111 W 12TH ST., #113, AUSTIN TX 78703
Nikolai Meerovich Kocherginsky	10 percent owner	NEXT-CHEMX CORPORATION,, 60 HAZELWOOD DRIVE, #146, CHAMPAIGN IL 61820

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