Next Hydrogen Solutions Inc. (NXH) — Working Capital to Net Assets Ratio
Next Hydrogen Solutions Inc. (NXH) has a Working Capital to Net Assets ratio of 5.1% as of September 2025. Working capital of CA$-355.88K (current assets of CA$5.33 Million minus current liabilities of CA$5.68 Million) is measured against net assets of CA$-6.95 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Next Hydrogen Solutions Inc.'s balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Next Hydrogen Solutions Inc. Working Capital to Net Assets (2020–2024)
This chart shows how Next Hydrogen Solutions Inc.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2020 to 2024. As of September 2025, the ratio stands at 5.1%, reflecting working capital of CA$-355.88K against net assets of CA$-6.95 Million CAD. Check Next Hydrogen Solutions Inc. (NXH) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Next Hydrogen Solutions Inc. (2020–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Next Hydrogen Solutions Inc. from 2020 to 2024, covering 5 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Next Hydrogen Solutions Inc. market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -68.5% | CA$938.46K | CA$-1.37 Million | CA$7.40 Million | CA$6.46 Million | ▼ -160.8 pp |
| 2023 | 92.3% | CA$11.64 Million | CA$12.61 Million | CA$16.25 Million | CA$4.61 Million | ▼ -10.7 pp |
| 2022 | 103.0% | CA$24.63 Million | CA$23.91 Million | CA$26.08 Million | CA$1.46 Million | ▲ +3.9 pp |
| 2021 | 99.1% | CA$37.46 Million | CA$37.79 Million | CA$43.81 Million | CA$6.35 Million | ▲ +9.1 pp |
| 2020 | 90.0% | CA$-6.04 Million | CA$-6.71 Million | CA$2.90 Million | CA$8.94 Million | — |