Nextracker Balance Sheet Health
Financial Health criteria checks 5/6
Nextracker has a total shareholder equity of $992.0M and total debt of $147.7M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are $2.5B and $1.5B respectively. Nextracker's EBIT is $587.1M making its interest coverage ratio 42.5. It has cash and short-term investments of $474.1M.
Key information
14.9%
Debt to equity ratio
US$147.67m
Debt
Interest coverage ratio | 42.5x |
Cash | US$474.05m |
Equity | US$992.03m |
Total liabilities | US$1.53b |
Total assets | US$2.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXT1 *'s short term assets ($1.8B) exceed its short term liabilities ($891.5M).
Long Term Liabilities: NXT1 *'s short term assets ($1.8B) exceed its long term liabilities ($635.3M).
Debt to Equity History and Analysis
Debt Level: NXT1 * has more cash than its total debt.
Reducing Debt: NXT1 *'s debt to equity ratio has increased from 0% to 14.9% over the past 5 years.
Debt Coverage: NXT1 *'s debt is well covered by operating cash flow (290.5%).
Interest Coverage: NXT1 *'s interest payments on its debt are well covered by EBIT (42.5x coverage).