NXHSF (Next Hydrogen Solutions) Total Assets : $11.74 Mil (As of Sep. 2024)

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What is Next Hydrogen Solutions Total Assets?

Next Hydrogen Solutions's Total Assets for the quarter that ended in Sep. 2024 was $11.74 Mil.

During the past 12 months, Next Hydrogen Solutions's average Total Assets Growth Rate was -17.20% per year. During the past 3 years, the average Total Assets Growth Rate was 74.60% per year.

During the past 4 years, Next Hydrogen Solutions's highest 3-Year average Total Assets Growth Rate was 74.60%. The lowest was 74.60%. And the median was 74.60%.

Total Assets is connected with ROA %. Next Hydrogen Solutions's annualized ROA % for the quarter that ended in Sep. 2024 was -89.70%. Total Assets is also linked to Revenue through Asset Turnover. Next Hydrogen Solutions's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Next Hydrogen Solutions Total Assets Historical Data

The historical data trend for Next Hydrogen Solutions's Total Assets 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 Total Assets Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Total Assets

2.99

1.98

24.83

18.97

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
Total Assets	Get a 7-Day Free Trial															20.12	18.97	16.98	14.08	11.74

Next Hydrogen Solutions Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Next Hydrogen Solutions's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	9.396	+	9.568
	=	18.96

Next Hydrogen Solutions's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	1.306	+	10.436
	=	11.74

Next Hydrogen Solutions (OTCPK:NXHSF) Total Assets Explanation

Total Assets is connected with ROA %.

Next Hydrogen Solutions's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-11.58	/	( (14.076	+	11.742)	/ 2 )
	=	-11.58	/	12.909
	=	-89.70 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Next Hydrogen Solutions's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.089	/	( (14.076	+	11.742)	/ 2 )
=	0.089	/	12.909
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Next Hydrogen Solutions Total Assets 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 » Total Assets

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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.