Next Hydrogen Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Next Hydrogen Solutions has a total shareholder equity of CA$9.4M and total debt of CA$69.9K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CA$23.0M and CA$13.6M respectively.
Key information
0.7%
Debt to equity ratio
CA$69.92k
Debt
Interest coverage ratio | n/a |
Cash | CA$9.58m |
Equity | CA$9.35m |
Total liabilities | CA$13.63m |
Total assets | CA$22.99m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NXH's short term assets (CA$13.9M) exceed its short term liabilities (CA$5.1M).
Long Term Liabilities: NXH's short term assets (CA$13.9M) exceed its long term liabilities (CA$8.6M).
Debt to Equity History and Analysis
Debt Level: NXH has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NXH's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NXH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NXH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.7% each year