Next Hydrogen Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Next Hydrogen Solutions has a total shareholder equity of CA$5.6M and total debt of CA$54.3K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CA$19.3M and CA$13.7M respectively.
Key information
1.0%
Debt to equity ratio
CA$54.28k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.40m |
| Equity | CA$5.58m |
| Total liabilities | CA$13.71m |
| Total assets | CA$19.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXHS.F's short term assets (CA$10.3M) exceed its short term liabilities (CA$5.1M).
Long Term Liabilities: NXHS.F's short term assets (CA$10.3M) exceed its long term liabilities (CA$8.6M).
Debt to Equity History and Analysis
Debt Level: NXHS.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NXHS.F'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: NXHS.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NXHS.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.2% each year