Nextracker Inc. Class A Common Stock (NXT)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Long-term debt | US$ in thousands | 143,967 | 147,147 |
| Total assets | US$ in thousands | 2,518,780 | 1,419,680 |
| Debt-to-assets ratio | 0.06 | 0.10 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $143,967K ÷ $2,518,780K
= 0.06
Peer comparison
Mar 31, 2024
Company name
Symbol
Debt-to-assets ratio
Nextracker Inc. Class A Common Stock
NXT
0.06
Garmin Ltd
GRMN
0.00
L3Harris Technologies Inc
LHX
0.27
Northrop Grumman Corporation
NOC
0.30
Teledyne Technologies Incorporated
TDY
0.18