NXT Energy Solutions Inc.

NXT Energy Solutions Inc.verified

NSFDF

Price:

$0.12

Market Cap:

$12.55M

NXT Energy Solutions Inc., a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The company was formerly known as Energy Exploration Technologies Inc. and changed its name to NXT Energy Solutions Inc. in September 2008. NXT Energy Solutions Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

1999-04-26

Stock Exchange

PNK

Ticker

NSFDF

The Current Ratio as of December 2024 (TTM) for NXT Energy Solutions Inc. (NSFDF) is 0.28

According to NXT Energy Solutions Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.28. This represents a change of -40.83% compared to the average of 0.47 of the last 4 quarters.

NXT Energy Solutions Inc. (NSFDF) Historical Current Ratio (quarterly & annually)

How has NSFDF Current Ratio performed in the past?

The mean historical Current Ratio of NXT Energy Solutions Inc. over the last ten years is 3.72. The current 0.28 Current Ratio has changed 642.48% with respect to the historical average. Over the past ten years (40 quarters), NSFDF's Current Ratio was at its highest in in the September 2018 quarter at 10.38. The Current Ratio was at its lowest in in the September 2023 quarter at 0.12.

Quarterly (TTM)
Annual

Average

3.72

Median

3.48

Minimum

0.18

Maximum

8.05

NXT Energy Solutions Inc. (NSFDF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NXT Energy Solutions Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 904.88%

Maximum Annual Current Ratio = 8.05

Minimum Annual Increase = -95.09%

Minimum Annual Current Ratio = 0.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.55215.64%
20220.18-95.09%
20213.5617.35%
20203.04-52.65%
20196.41-20.35%
20188.05904.88%
20170.80-78.80%
20163.7811.63%
20153.39-54.40%
20147.43459.82%

NXT Energy Solutions Inc. (NSFDF) Average Current Ratio

How has NSFDF Current Ratio performed in the past?

The current Current Ratio of NXT Energy Solutions Inc. (NSFDF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.43

5-year avg

2.75

10-year avg

3.72

NXT Energy Solutions Inc. (NSFDF) Current Ratio vs. Peers

How is NSFDF’s Current Ratio compared to its peers?

NXT Energy Solutions Inc.’s Current Ratio is less than Dawson Geophysical Company (1.50), less than Bri-Chem Corp. (1.48), less than NCS Multistage Holdings, Inc. (4.50), less than Bristow Group Inc. (1.83), less than Natural Gas Services Group, Inc. (1.76),

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