Next-ChemX (Next-ChemX) Cash-to-Debt : 0.07 (As of Dec. 2023)

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What is Next-ChemX Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Next-ChemX's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Next-ChemX couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Next-ChemX's Cash-to-Debt or its related term are showing as below:

CHMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 13 Max: No Debt
Current: 0.07

During the past 9 years, Next-ChemX's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 13.00.

CHMX's Cash-to-Debt is ranked worse than
94.24% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs CHMX: 0.07

Next-ChemX Cash-to-Debt Historical Data

The historical data trend for Next-ChemX's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Next-ChemX Cash-to-Debt Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.01

0.03

0.07

Next-ChemX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.17	0.25	0.20	0.07

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

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

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

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

Next-ChemX Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Next-ChemX's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.067	/	(0.945	+	0)
	=	0.07

Next-ChemX's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.067	/	(0.945	+	0)
	=	0.07

Next-ChemX (OTCPK:CHMX) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Next-ChemX Cash-to-Debt Related Terms

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Next-ChemX (Next-ChemX) Business Description

Industry

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

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

Next-ChemX (Next-ChemX) Headlines

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