Next Hydrogen Solutions (TSXV:NXH) Interest Expense : C$-0.23 Mil (TTM As of Mar. 2024)

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What is Next Hydrogen Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Next Hydrogen Solutions's interest expense for the three months ended in Mar. 2024 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.23 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Next Hydrogen Solutions's Operating Income for the three months ended in Mar. 2024 was C$ -3.49 Mil. Next Hydrogen Solutions's Interest Expense for the three months ended in Mar. 2024 was C$ -0.06 Mil. Next Hydrogen Solutions did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Next Hydrogen Solutions Interest Expense Historical Data

The historical data trend for Next Hydrogen Solutions's Interest Expense 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 Interest Expense Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Interest Expense

-0.69

-0.25

-0.24

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-0.06	-0.06	-0.06	-0.06	-0.06

Next Hydrogen Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.23 Mil.

Next Hydrogen Solutions (TSXV:NXH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Next Hydrogen Solutions's Interest Expense for the three months ended in Mar. 2024 was C$-0.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-3.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1.63 Mil.

Next Hydrogen Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Next Hydrogen Solutions did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Interest Expense

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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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