Next Hydrogen Solutions Inc. (NXH) - Net Assets
Based on the latest financial reports, Next Hydrogen Solutions Inc. (NXH) has net assets worth CA$-6.95 Million CAD (≈ $-5.03 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.99 Million ≈ $10.12 Million USD) and total liabilities (CA$20.94 Million ≈ $15.15 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NXH financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-6.95 Million |
| % of Total Assets | -49.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.75 |
Next Hydrogen Solutions Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Next Hydrogen Solutions Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Next Hydrogen Solutions Inc. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Next Hydrogen Solutions Inc. (2020–2024)
The table below shows the annual net assets of Next Hydrogen Solutions Inc. from 2020 to 2024. For live valuation and market cap data, see NXH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-1.37 Million ≈ $-991.38K |
-110.87% |
| 2023-12-31 | CA$12.61 Million ≈ $9.12 Million |
-47.27% |
| 2022-12-31 | CA$23.91 Million ≈ $17.29 Million |
-36.75% |
| 2021-12-31 | CA$37.79 Million ≈ $27.34 Million |
+663.17% |
| 2020-12-31 | CA$-6.71 Million ≈ $-4.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Next Hydrogen Solutions Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6750181500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$83.00 Million | % |
| Total Equity | CA$-1.37 Million | 100.00% |
Next Hydrogen Solutions Inc. Competitors by Market Cap
The table below lists competitors of Next Hydrogen Solutions Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comms Group Ltd
AU:CCG
|
$27.04 Million |
|
Falcon Power Co Ltd
TW:1516
|
$27.04 Million |
|
Alankit Limited
NSE:ALANKIT
|
$27.04 Million |
|
Indo-National Limited
NSE:NIPPOBATRY
|
$27.06 Million |
|
Kingfish Company Nv
OL:KING
|
$27.03 Million |
|
Hamilton Global Opportunities PLC
PA:ALHGO
|
$27.02 Million |
|
Thai Rubber Latex Group Public Company Limited
BK:TRUBB
|
$27.02 Million |
|
Morphic Ethical Equities Fund Ltd
AU:MEC
|
$27.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Next Hydrogen Solutions Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,605,913 to -1,370,473, a change of -13,976,386 (-110.9%).
- Net loss of 14,596,907 reduced equity.
- Other factors increased equity by 620,521.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-14.60 Million | -1065.1% |
| Other Changes | CA$620.52K | +45.28% |
| Total Change | CA$- | -110.87% |
Book Value vs Market Value Analysis
This analysis compares Next Hydrogen Solutions Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$-0.29 | CA$0.54 | x |
| 2021-12-31 | CA$1.65 | CA$0.54 | x |
| 2022-12-31 | CA$1.04 | CA$0.54 | x |
| 2023-12-31 | CA$0.55 | CA$0.54 | x |
| 2024-12-31 | CA$-0.06 | CA$0.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Next Hydrogen Solutions Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1071.53%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-44.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -385950.20% | 0.00x | 0.00x | CA$-6.18 Million |
| 2021 | -66.17% | -14081.75% | 0.00x | 1.27x | CA$-28.79 Million |
| 2022 | -59.73% | -1978.74% | 0.02x | 1.41x | CA$-16.67 Million |
| 2023 | -95.30% | -1262.09% | 0.04x | 2.02x | CA$-13.27 Million |
| 2024 | 0.00% | -1071.53% | 0.09x | 0.00x | CA$-14.46 Million |
Industry Comparison
This section compares Next Hydrogen Solutions Inc.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $81,627,298
- Average return on equity (ROE) among peers: -8.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Next Hydrogen Solutions Inc. (NXH) | CA$-6.95 Million | 0.00% | N/A | $27.03 Million |
| ATS CORP (ATS) | $509.09 Million | -16.75% | 0.57x | $3.08 Billion |
| Composite Alliance Group Inc (CAG) | $-5.80 Million | 0.00% | 0.00x | $1.59 Million |
| CLEANTEK Industries Inc (CTEK) | $1.39 Million | 90.93% | 8.82x | $15.90 Million |
| DynaCERT Inc. (DYA) | $13.52 Million | -94.04% | 0.24x | $51.48 Million |
| EnWave Corporation (ENW) | $22.99 Million | -17.94% | 0.33x | $24.47 Million |
| Reko International Group Inc (REKO) | $60.63 Million | 7.64% | 0.75x | $18.61 Million |
| Savaria Corporation (SIS) | $26.34 Million | 7.23% | 0.53x | $1.54 Billion |
| Titan Logix Corp. (TLA) | $7.76 Million | 21.97% | 0.15x | $9.58 Million |
| Velan Inc. (VLN) | $98.74 Million | -76.46% | 4.08x | $66.40 Million |
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.