NexgenRx

NexgenRx Interest Coverage

The Interest Coverage Ratio of NexgenRx (NXG.V) as of Nov 1, 2026 is 38.62. In the previous year, Interest Coverage Ratio was -4.98 — a change of -875.81% (higher).

Interest Coverage

38.62

YoY

-875.81%

Last updated:

Interest Coverage Ratio of NexgenRx is 2024 38.62 . Interest Coverage Ratio of NexgenRx was 2023 -4.98 . It decreases by -875.81% higher compared to the previous year.

The NexgenRx Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
-22.55 CAD
Jan 1, 2018
-6.69 CAD
Jan 1, 2019
0.35 CAD
Jan 1, 2020
10.35 CAD
Jan 1, 2021
39.63 CAD
Jan 1, 2022
13.02 CAD
Jan 1, 2023
-4.98 CAD
Jan 1, 2024
38.62 CAD
The NexgenRx Interest Coverage history
YEARInterest CoverageYoY
38.62-875.81%
-4.98-138.25%
13.02-67.15%
39.63+283.01%
10.35+2,821.86%
0.35-105.29%
-6.69-70.32%
-22.55-203.82%
21.72-289.13%
-11.48+72.33%
-6.66—

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NexgenRx Stock analysis

What does NexgenRx do? NexgenRx Inc. is a Canadian company specializing in providing innovative and customer-oriented healthcare solutions. The company was founded in 1999 by Ron Loucks and is headquartered in Ontario. NexgenRx is a leading provider of cloud-based solutions, which help improve the efficiency and quality of healthcare insurance processes. The different business areas of NexgenRx can be divided into three main categories: 1) Health plan administration: NexgenRx serves a wide customer base consisting of companies of all sizes and industries. The company supports employers in offering their employees tailored and cost-effective healthcare benefits. The services include medical and dental care, drug therapies, hospital stays, vision and hearing tests, as well as occupational and disability insurance. 2) eClaims and digital healthcare services: NexgenRx has developed a range of innovative digital healthcare services aimed at making the lives of patients and policyholders easier and more convenient. These include mobile apps for accessing personal health information or an online platform for direct billing. NexgenRx's eClaims solution allows healthcare service providers to directly bill the company, enabling faster processing and less paperwork. 3) Healthcare consulting services: NexgenRx also offers healthcare consulting services. Customers can access the expertise of NexgenRx to assist with healthcare strategy development or the optimization of healthcare plans for their companies. NexgenRx offers a wide range of products and services for its customers, including the Smart Plan, a customizable healthcare program for companies. The company has also developed cloud-based management tools for employers and insurers to effectively manage their healthcare plans. Additionally, NexgenRx provides a modern and simple eClaims system for healthcare service providers, as well as a variety of consulting services aimed at optimizing healthcare plans. In conclusion, NexgenRx Inc. is an innovative company specializing in providing customer-oriented healthcare solutions. The company serves a diverse customer base and offers various products and services, including cloud-based management tools, eClaims systems, and consulting services. Overall, NexgenRx plays a significant role in the healthcare industry by improving the efficiency and quality of insurance processes. NexgenRx is one of the most popular companies on Eulerpool.

Frequently Asked Questions about NexgenRx stock

Interest Coverage Ratio of NexgenRx is 38.62 in 2024.

Interest Coverage Ratio of NexgenRx changed from -4.98 to 38.62, representing a -875.81% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio NexgenRx since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's NexgenRx with sector peers and the industry average to assess whether it is attractive.

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