Next Hydrogen Solutions Inc. (NXH) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Next Hydrogen Solutions Inc. (NXH) has a cash flow conversion efficiency ratio of 0.336x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$-2.34 Million ≈ $-1.69 Million USD) by net assets (CA$-6.95 Million ≈ $-5.03 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Next Hydrogen Solutions Inc. - Cash Flow Conversion Efficiency Trend (2020–2024)
This chart illustrates how Next Hydrogen Solutions Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Next Hydrogen Solutions Inc. debt and liabilities for a breakdown of total debt and financial obligations.
Next Hydrogen Solutions Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Next Hydrogen Solutions Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Comms Group Ltd
AU:CCG
|
0.068x |
|
Falcon Power Co Ltd
TW:1516
|
-0.199x |
|
Alankit Limited
NSE:ALANKIT
|
0.080x |
|
Indo-National Limited
NSE:NIPPOBATRY
|
0.197x |
|
Kingfish Company Nv
OL:KING
|
-0.078x |
|
Hamilton Global Opportunities PLC
PA:ALHGO
|
-0.016x |
|
Thai Rubber Latex Group Public Company Limited
BK:TRUBB
|
-0.011x |
|
Morphic Ethical Equities Fund Ltd
AU:MEC
|
0.089x |
Annual Cash Flow Conversion Efficiency for Next Hydrogen Solutions Inc. (2020–2024)
The table below shows the annual cash flow conversion efficiency of Next Hydrogen Solutions Inc. from 2020 to 2024. For the full company profile with market capitalisation and key ratios, see Next Hydrogen Solutions Inc. market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CA$-1.37 Million ≈ $-991.38K |
CA$-10.00 Million ≈ $-7.23 Million |
7.295x | +1218.30% |
| 2023-12-31 | CA$12.61 Million ≈ $9.12 Million |
CA$-8.22 Million ≈ $-5.95 Million |
-0.652x | -23.41% |
| 2022-12-31 | CA$23.91 Million ≈ $17.29 Million |
CA$-12.64 Million ≈ $-9.14 Million |
-0.529x | -59.13% |
| 2021-12-31 | CA$37.79 Million ≈ $27.34 Million |
CA$-12.55 Million ≈ $-9.08 Million |
-0.332x | -157.90% |
| 2020-12-31 | CA$-6.71 Million ≈ $-4.85 Million |
CA$-3.85 Million ≈ $-2.79 Million |
0.574x | -- |
About Next Hydrogen Solutions Inc.
Next Hydrogen Solutions Inc. develops and produces water electrolyzers to work with intermittent renewable energy in Canada. It also provides preventive maintenance and technical support services, as well as training services. Next Hydrogen Solutions Inc. was founded in 2007 and is headquartered in Mississauga, Canada.