NXT Energy Solutions Inc. (NSFDF) Return on equity 2019–2021
NXT Energy Solutions Inc. (NSFDF) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-17.2%FY2021 · since FY2019: 14.2% → -17.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2021 | -17.2% | +11.8 pp |
| FY2020 | -29.0% | -43.2 pp |
| FY2019 | 14.2% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice