Nextracker Balance Sheet Health
Financial Health criteria checks 6/6
Nextracker has a total shareholder equity of $1.8B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $3.4B and $1.6B respectively. Nextracker's EBIT is $664.8M making its interest coverage ratio -51.7. It has cash and short-term investments of $743.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -51.7x |
| Cash | US$743.40m |
| Equity | US$1.81b |
| Total liabilities | US$1.58b |
| Total assets | US$3.39b |
Recent financial health updates
These 4 Measures Indicate That Nextracker (NASDAQ:NXT) Is Using Debt Safely
Feb 26
Does Nextracker (NASDAQ:NXT) Have A Healthy Balance Sheet?
Nov 26Recent updates
Nextracker Inc. (NASDAQ:NXT) Shares Could Be 27% Below Their Intrinsic Value Estimate
Aug 07Nextracker's Moat Widens With AI, Robotics, And Automation
Jul 30Nextracker (NASDAQ:NXT) Is Reinvesting At Lower Rates Of Return
Jul 03Nextracker's (NASDAQ:NXT) Performance Is Even Better Than Its Earnings Suggest
May 29Nextracker: An Opportunity That Shines In The Sun
Apr 18Nextracker: Backlog Growth Creates Future Visibility
Mar 27Is Nextracker Inc. (NASDAQ:NXT) Trading At A 41% Discount?
Mar 24Nextracker Looks Like A Buy -- But Maybe Not An Easy Buy
Mar 13These 4 Measures Indicate That Nextracker (NASDAQ:NXT) Is Using Debt Safely
Feb 26Nextracker: Everything Is Set To Improve Results
Jan 28Why The 37% Return On Capital At Nextracker (NASDAQ:NXT) Should Have Your Attention
Jan 27Nextracker Inc: Well Positioned To Capitalize On Growing Solar Energy Demand
Jan 18Does Nextracker (NASDAQ:NXT) Have A Healthy Balance Sheet?
Nov 26Nextracker: Tracking Well On Quality Metrics
Nov 11Returns on Capital Paint A Bright Future For Nextracker (NASDAQ:NXT)
Oct 28Nextracker: Market Leadership And Growth Prospects Make It A Buy
Oct 24Here's Why We Think Nextracker (NASDAQ:NXT) Might Deserve Your Attention Today
Oct 06Getting In Cheap On Nextracker Inc. (NASDAQ:NXT) Is Unlikely
Sep 17
Solar Innovations And Decisive Acquisitions Fuel Robust Growth And Market Expansion
Expansion into international markets and strategic acquisitions like Ojjo and Solar Pile International signal robust demand and potential for increased market share.Nextracker: Tracking, Not Buying
Aug 27Nextracker: Competitive Pressures Should Compress Margins Over Time
Jun 18Nextracker: Rising Star In The Solar Industry
May 16Nextracker: Multiple Drivers To Aim For A Prosperous Future
Apr 11Nextracker: Q3 Earnings, The 'Skeletal System' For Solar Power
Feb 03Nextracker Inc.: Riding The Solar Power Tide While Growing Profitably
Jan 14Financial Position Analysis
Short Term Liabilities: NXT's short term assets ($2.2B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: NXT's short term assets ($2.2B) exceed its long term liabilities ($550.8M).
Debt to Equity History and Analysis
Debt Level: NXT is debt free.
Reducing Debt: NXT had no debt 5 years ago.
Debt Coverage: NXT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NXT has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/01 16:05 |
| End of Day Share Price | 2025/08/29 00:00 |
| Earnings | 2025/06/27 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nextracker Inc. is covered by 37 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| Ishan Majumdar | Baptista Research |
| Christine Cho | Barclays |