Next Hydrogen Solutions (TSXV:NXH) Debt-to-Revenue : 0.78 (As of Mar. 2024)

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What is Next Hydrogen Solutions Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Next Hydrogen Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.16 Mil. Next Hydrogen Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.63 Mil. Next Hydrogen Solutions's annualized Revenue for the quarter that ended in Mar. 2024 was C$2.30 Mil. Next Hydrogen Solutions's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

Next Hydrogen Solutions Debt-to-Revenue Historical Data

The historical data trend for Next Hydrogen Solutions's Debt-to-Revenue 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-Revenue Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Debt-to-Revenue

2,630.00

N/A

2.83

1.93

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial													11.29	10.59	9.00	0.57	0.78

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

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

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

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

Next Hydrogen Solutions Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.154	+	1.68)	/	0.952
	=	1.93

Next Hydrogen Solutions's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.16	+	1.629)	/	2.304
	=	0.78

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Next Hydrogen Solutions Debt-to-Revenue Related Terms

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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

NXHSF:USA

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 and services as well as aftermarket sales.

Executives

Anthony Robert Guglielmin

Director

Next Hydrogen Solutions (TSXV:NXH) Headlines

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