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Next Hydrogen Solutions Inc. develops and produces water electrolyzers to work with intermittent renewable energy. The company offers maintenance and technical support services, as well as provides tr...
The following section summarizes insights on Next Hydrogen Solutions Inc's Quick Ratio:
We've identified the following companies as similar to Next Hydrogen Solutions Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Next Hydrogen Solutions is calculated as follows:
(Cash & ST Investments [ 3.209 M ]
(+) Accounts Receivable [ 91.352 T ]
(/) Current Liabilities [ 4.807 M ]
(=) Quick Ratio [ 0.7x ]
The tables below summarizes the trend in Next Hydrogen Solutions’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2019-12-31 | 254.783 T | 56.631 T | 585.408 T | 0.5x |
| 2020-12-31 | 1.092 M | 212.591 T | 8.94 M | 0.1x |
| 2021-12-31 | 39.197 M | 104.188 T | 4.439 M | 8.9x |
| 2022-12-31 | 22.085 M | 154.094 T | 1.456 M | 15.3x |
| 2023-12-31 | 10.909 M | 1.429 M | 4.606 M | 2.7x |
The tables below summarizes the trend in Next Hydrogen Solutions’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2023-12-31 | 10.909 M | 1.429 M | 4.606 M | 2.7x |
| 2024-03-31 | 9.583 M | 341.591 T | 5.051 M | 2.0x |
| 2024-06-30 | 5.398 M | 912.328 T | 5.147 M | 1.2x |
| 2024-09-30 | 3.209 M | 91.352 T | 4.807 M | 0.7x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Industrials sector in the Developed economic region. Over 3,460 companies were considered in this analysis, and 3,326 had meaningful values. The average quick ratio of companies in the sector is 1.5x with a standard deviation of 1.3x.
Next Hydrogen Solutions Inc's Quick Ratio of 0.7x ranks in the 23.1% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,464 |
| Included Constituents | 3,326 |
| Min | 0.0x |
| Max | 8.8x |
| Median | 1.1x |
| Mean | 1.5x |
| Standard Deviation | 1.3x |
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