NXHSF (Next Hydrogen Solutions) Debt-to-Asset : 0.13 (As of Sep. 2024)

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What is Next Hydrogen Solutions Debt-to-Asset?

Next Hydrogen Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.09 Mil. Next Hydrogen Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.41 Mil. Next Hydrogen Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $11.74 Mil. Next Hydrogen Solutions's debt to asset for the quarter that ended in Sep. 2024 was 0.13.

Next Hydrogen Solutions Debt-to-Asset Historical Data

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

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Next Hydrogen Solutions Debt-to-Asset Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Debt-to-Asset

1.38

0.06

0.07

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.07	0.08	0.09	0.13

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

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

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

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

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Next Hydrogen Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.115	+	1.252)	/	18.965
	=	0.07

Next Hydrogen Solutions's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.086	+	1.406)	/	11.742
	=	0.13

Next Hydrogen Solutions (OTCPK:NXHSF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Next Hydrogen Solutions Debt-to-Asset Related Terms

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Next Hydrogen Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (OTCPK:NXHSF) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

NXH:Canada

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; services as well as aftermarket sales; and development contracts.