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
Nextracker (NASDAQ:NXT) Has A Rock Solid Balance Sheet
Jul 19
These 4 Measures Indicate That Nextracker (NASDAQ:NXT) Is Using Debt Safely
Apr 13Recent updates
Nextracker: 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 14A Look At The Fair Value Of Nextracker Inc. (NASDAQ:NXT)
Oct 03Financial 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).