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NXT Energy SolutionsTSX:SFD -4.76%30 Return-on-Tangible-Asset is -93.50% as of Mar. 2026. GuruFocus rates TSX:SFD with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,024 Oil & Gas companies, NXT Energy Solutions ranks worse than 95.51% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. NXT Energy Solutions's annualizedNet Income for the quarter that ended in Mar. 2026 was C$-9.66 Mil. NXT Energy Solutions's average total tangible assets for the quarter that ended in Mar. 2026 was C$10.33 Mil. Therefore, NXT Energy Solutions's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -93.50%.
The historical rank and industry rank for NXT Energy Solutions's Return-on-Tangible-Asset or its related term are showing as below:
TSX:SFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -227.8 Med: -119.22 Max: 41.4
Current: -115.84
During the past 13 years, NXT Energy Solutions's highest Return-on-Tangible-Asset was 41.40%. The lowest was -227.80%. And the median was -119.22%.
TSX:SFD's Return-on-Tangible-Asset is ranked worse than 95.51% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs TSX:SFD: -115.84
NXT Energy Solutions (TSX:SFD) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
NXT Energy Solutions Return-on-Tangible-Asset Related Terms
NXT Energy Solutions Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NXT Energy Solutions's Return-on-Tangible-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.
NXT Energy Solutions Return-on-Tangible-Asset Chart
TSX:SFD vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, NXT Energy Solutions's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
NXT Energy Solutions Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NXT Energy Solutions's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NXT Energy Solutions's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -93.50% mean?
NXT Energy Solutions (TSX:SFD) has a Return-on-Tangible-Asset of -93.50% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NXT Energy Solutions and its competitors. According to the industry distribution chart, NXT Energy Solutions ranks #978 out of 1024 companies in the Oil & Gas industry, placing it in the top 95.5%.
Is NXT Energy Solutions' Return-on-Tangible-Asset too high?
NXT Energy Solutions' current Return-on-Tangible-Asset is -93.50%. Based on the distribution chart, NXT Energy Solutions ranks #978 out of 1024 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NXT Energy Solutions has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does NXT Energy Solutions' Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NXT Energy Solutions ranks #978 out of 1024 companies for Return-on-Tangible-Asset. This places NXT Energy Solutions in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NXT Energy Solutions and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NXT Energy Solutions's current Return-on-Tangible-Asset is -93.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NXT Energy Solutions stock overvalued right now?
NXT Energy Solutions (TSX:SFD) has a current Return-on-Tangible-Asset of -93.50%. The current Return-on-Tangible-Asset is -93.50%. NXT Energy Solutions' overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For NXT Energy Solutions (TSX:SFD), the current Return-on-Tangible-Asset is -93.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.
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