Next Hydrogen Solutions Inc.

Next Hydrogen Solutions Inc.verified

NXHSF

Price:

$0.43093

Market Cap:

$12.90M

Next Hydrogen Solutions Inc. designs, manufactures, and sells water and electricity electrolyzers to generate clean hydrogen for use as an energy source. It offers commercial solutions to decarbonize transportation and industrial sectors. The company was founded in 2007 and is headquartered in Mississauga, Canada.[Read more]

Industry

Industrial - Machinery

IPO Date

2021-09-20

Stock Exchange

PNK

Ticker

NXHSF

The Current Ratio as of November 2024 (TTM) for Next Hydrogen Solutions Inc. (NXHSF) is 2.01

According to Next Hydrogen Solutions Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.01. This represents a change of -41.54% compared to the average of 3.43 of the last 4 quarters.

Next Hydrogen Solutions Inc. (NXHSF) Historical Current Ratio (quarterly & annually)

How has NXHSF Current Ratio performed in the past?

The mean historical Current Ratio of Next Hydrogen Solutions Inc. over the last ten years is 29.15. The current 2.01 Current Ratio has changed 588.75% with respect to the historical average. Over the past ten years (40 quarters), NXHSF's Current Ratio was at its highest in in the October 2020 quarter at 65.10. The Current Ratio was at its lowest in in the July 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

29.15

Median

17.92

Minimum

3.53

Maximum

60.24

Next Hydrogen Solutions Inc. (NXHSF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Next Hydrogen 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 = 159.53%

Maximum Annual Current Ratio = 60.24

Minimum Annual Increase = -87.92%

Minimum Annual Current Ratio = 3.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.53-80.31%
202217.92159.53%
20216.90-87.92%
202157.16-5.12%

Next Hydrogen Solutions Inc. (NXHSF) Average Current Ratio

How has NXHSF Current Ratio performed in the past?

The current Current Ratio of Next Hydrogen Solutions Inc. (NXHSF) 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

9.45

5-year avg

29.15

10-year avg

29.15

Next Hydrogen Solutions Inc. (NXHSF) Current Ratio vs. Peers

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

Next Hydrogen Solutions Inc.’s Current Ratio is less than The Weir Group PLC (2.07), greater than GreenShift Corporation (1.37), greater than Quality Industrial Corp. (0.00), greater than ITM Power Plc (0.67), less than Nel ASA (4.17), less than Ballard Power Systems Inc. (3.60), less than Titan Logix Corp. (10.90), less than null (17.97),

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