Next Hydrogen Solutions (TSXV:NXH) Effective Interest Rate on Debt % : 12.59% (As of Mar. 2024)

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What is Next Hydrogen Solutions Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Next Hydrogen Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.23 Mil. Next Hydrogen Solutions's average total debt for the quarter that ended in Mar. 2024 was C$1.81 Mil. Therefore, Next Hydrogen Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.59%.

Next Hydrogen Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Next Hydrogen Solutions's Effective Interest Rate on 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.

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Next Hydrogen Solutions Effective Interest Rate on Debt % Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Effective Interest Rate on Debt %

13.19

12.14

12.17

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													11.91	11.99	12.45	12.40	12.59

Competitive Comparison of Next Hydrogen Solutions's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Next Hydrogen Solutions's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Hydrogen Solutions's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Next Hydrogen Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Next Hydrogen Solutions's Effective Interest Rate on Debt % falls into.

Next Hydrogen Solutions Effective Interest Rate on Debt % Calculation

Next Hydrogen Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.236	/	( (2.043	+	1.834)	/ 2 )
=	-1 * -0.236	/	1.9385
=	12.17 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.838	+	0.205
=	2.043

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.68	+	0.154
=	1.834

Next Hydrogen Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.228	/	( (1.834	+	1.789)	/ 2 )
=	-1 * -0.228	/	1.8115
=	12.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.68	+	0.154
=	1.834

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.629	+	0.16
=	1.789

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Next Hydrogen Solutions (TSXV:NXH) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Next Hydrogen Solutions Effective Interest Rate on Debt % 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 » Effective Interest Rate on Debt %

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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

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