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
Recent updates
Nextracker (NASDAQ:NXT) Is Very Good At Capital Allocation
Jul 01
Nextracker: 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 ($891.5M).
Long Term Liabilities: NXT's short term assets ($1.8B) exceed its long term liabilities ($635.3M).
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% to 14.9% over the past 5 years.
Debt Coverage: NXT's debt is well covered by operating cash flow (290.5%).
Interest Coverage: NXT's interest payments on its debt are well covered by EBIT (42.5x coverage).