Nextracker Balance Sheet Health
Financial Health criteria checks 5/6
Nextracker has a total shareholder equity of $1.3B and total debt of $146.1M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are $2.8B and $1.5B respectively. Nextracker's EBIT is $716.4M making its interest coverage ratio 63.3. It has cash and short-term investments of $561.9M.
Key information
11.4%
Debt to equity ratio
US$146.13m
Debt
| Interest coverage ratio | 63.3x |
| Cash | US$561.88m |
| Equity | US$1.28b |
| Total liabilities | US$1.49b |
| Total assets | US$2.77b |
Recent financial health updates
Does Nextracker (NASDAQ:NXT) Have A Healthy Balance Sheet?
Nov 26
Nextracker (NASDAQ:NXT) Has A Rock Solid Balance Sheet
Jul 19These 4 Measures Indicate That Nextracker (NASDAQ:NXT) Is Using Debt Safely
Apr 13Recent updates
Does 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 17Nextracker: Tracking, Not Buying
Aug 27An Intrinsic Calculation For Nextracker Inc. (NASDAQ:NXT) Suggests It's 24% Undervalued
Aug 09Nextracker (NASDAQ:NXT) Has A Rock Solid Balance Sheet
Jul 19Nextracker (NASDAQ:NXT) Is Very Good At Capital Allocation
Jul 01Nextracker: Competitive Pressures Should Compress Margins Over Time
Jun 18With EPS Growth And More, Nextracker (NASDAQ:NXT) Makes An Interesting Case
Jun 12Nextracker Inc.'s (NASDAQ:NXT) Shares Climb 29% But Its Business Is Yet to Catch Up
May 25Nextracker: Rising Star In The Solar Industry
May 16Are Investors Undervaluing Nextracker Inc. (NASDAQ:NXT) By 42%?
May 05These 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 14Financial Position Analysis
Short Term Liabilities: NXT's short term assets ($1.8B) exceed its short term liabilities ($806.3M).
Long Term Liabilities: NXT's short term assets ($1.8B) exceed its long term liabilities ($680.1M).
Debt to Equity History and Analysis
Debt Level: NXT has more cash than its total debt.
Reducing Debt: NXT's debt to equity ratio has increased from 0.9% to 11.4% over the past 5 years.
Debt Coverage: NXT's debt is well covered by operating cash flow (308.6%).
Interest Coverage: NXT's interest payments on its debt are well covered by EBIT (63.3x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:54 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/27 |
| Annual Earnings | 2024/03/31 |
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 here.
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 .
Analyst Sources
Nextracker Inc. is covered by 40 analysts. 29 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 |