CHMX (Next-ChemX) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is Next-ChemX LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Next-ChemX's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

Next-ChemX's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.32). It may suggest that Next-ChemX is progressively becoming more dependent on debt to grow their business.

Next-ChemX LT-Debt-to-Total-Asset Historical Data

The historical data trend for Next-ChemX's LT-Debt-to-Total-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-ChemX LT-Debt-to-Total-Asset Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Next-ChemX Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.11	0.27	0.32

Next-ChemX LT-Debt-to-Total-Asset Calculation

Next-ChemX's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	3.303
	=

Next-ChemX's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.22	/	3.853
	=

Next-ChemX (OTCPK:CHMX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Next-ChemX LT-Debt-to-Total-Asset Related Terms

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Next-ChemX Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1980 Festival Plaza Drive, Summerlin South 300, Las Vegas, NV, USA, 89135

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

Next-ChemX Headlines

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