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.
Next Hydrogen Solutions Inc (NXHSF) - Total Assets
Latest total assets as of September 2025: $13.99 Million USD
Based on the latest financial reports, Next Hydrogen Solutions Inc (NXHSF) holds total assets worth $13.99 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Next Hydrogen Solutions Inc - Total Assets Trend (2020–2024)
This chart illustrates how Next Hydrogen Solutions Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Next Hydrogen Solutions Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Next Hydrogen Solutions Inc's total assets of $13.99 Million consist of 47.9% current assets and 52.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 23.2% |
| Accounts Receivable | $316.12K | 2.0% |
| Inventory | $3.05 Million | 19.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $624.66K | 4.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Next Hydrogen Solutions Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Next Hydrogen Solutions Inc's current assets represent 47.9% of total assets in 2024, a decrease from 75.8% in 2020.
- Cash Position: Cash and equivalents constituted 23.2% of total assets in 2024, down from 28.6% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 21.0% in 2020.
- Asset Diversification: The largest asset category is inventory at 19.7% of total assets.
Next Hydrogen Solutions Inc Competitors by Total Assets
Key competitors of Next Hydrogen Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hanil Vacuum Co. Ltd
KQ:123840
|
Korea | ₩115.98 Billion |
|
Ivisionworks Co.,Ltd.
KQ:469750
|
Korea | ₩50.10 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Changchai Co Ltd
SHE:000570
|
China | CN¥5.30 Billion |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
China | CN¥3.49 Billion |
|
Baota Industry Co Ltd
SHE:000595
|
China | CN¥9.54 Billion |
Next Hydrogen Solutions Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Next Hydrogen Solutions Inc generates 0.09x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Next Hydrogen Solutions Inc is currently not profitable relative to its asset base.
Next Hydrogen Solutions Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.94 | 1.46 | 1.94 |
| Quick Ratio | 0.37 | 0.84 | 1.51 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-355.88K | $ 2.22 Million | $ 3.43 Million |
Next Hydrogen Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Next Hydrogen Solutions Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.60 |
| Latest Market Cap to Assets Ratio | 0.32 |
| Asset Growth Rate (YoY) | -39.2% |
| Total Assets | $15.46 Million |
| Market Capitalization | $5.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values Next Hydrogen Solutions Inc's assets below their book value (0.32 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Next Hydrogen Solutions Inc's assets decreased by 39.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Next Hydrogen Solutions Inc (2020–2024)
The table below shows the annual total assets of Next Hydrogen Solutions Inc from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $15.46 Million | -39.23% |
| 2023-12-31 | $25.44 Million | -24.56% |
| 2022-12-31 | $33.73 Million | -29.82% |
| 2021-12-31 | $48.06 Million | +1157.21% |
| 2020-12-31 | $3.82 Million | -- |