Nextracker Balance Sheet Health
Financial Health criteria checks 5/6
Nextracker has a total shareholder equity of $751.5M and total debt of $144.8M, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are $2.1B and $1.3B respectively. Nextracker's EBIT is $358.6M making its interest coverage ratio 107.1. It has cash and short-term investments of $367.8M.
Key information
19.3%
Debt to equity ratio
US$144.76m
Debt
| Interest coverage ratio | 107.1x |
| Cash | US$367.82m |
| Equity | US$751.53m |
| Total liabilities | US$1.34b |
| Total assets | US$2.10b |
Recent financial health updates
Recent updates
Are Investors Undervaluing Nextracker Inc. (NASDAQ:NXT) By 42%?
May 05
These 4 Measures Indicate That Nextracker (NASDAQ:NXT) Is Using Debt Safely
Apr 13Nextracker: Multiple Drivers To Aim For A Prosperous Future
Apr 11There's Reason For Concern Over Nextracker Inc.'s (NASDAQ:NXT) Price
Mar 01Nextracker's (NASDAQ:NXT) Performance Is Even Better Than Its Earnings Suggest
Feb 07Nextracker: Q3 Earnings, The 'Skeletal System' For Solar Power
Feb 03A Look At The Fair Value Of Nextracker Inc. (NASDAQ:NXT)
Jan 19Nextracker Inc.: Riding The Solar Power Tide While Growing Profitably
Jan 14A Look At The Fair Value Of Nextracker Inc. (NASDAQ:NXT)
Oct 03Financial Position Analysis
Short Term Liabilities: NXT's short term assets ($1.4B) exceed its short term liabilities ($759.4M).
Long Term Liabilities: NXT's short term assets ($1.4B) exceed its long term liabilities ($584.2M).
Debt to Equity History and Analysis
Debt Level: NXT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NXT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NXT's debt is well covered by operating cash flow (243.7%).
Interest Coverage: NXT's interest payments on its debt are well covered by EBIT (107.1x coverage).