Nextracker Inc. Class A Common Stock (NXT)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,192,520 | 2,518,780 | 1,419,680 | 1,017,290 | 880,969 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,192,520K
= 0.00
The debt-to-assets ratio for Nextracker Inc. Class A Common Stock has consistently remained at 0.00 from March 31, 2021, to March 31, 2025. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that Nextracker's assets are entirely funded by equity, indicating a low financial risk in terms of debt obligations. This financial stability may be attractive to investors and creditors as it suggests that the company has a strong financial position and may not face difficulties in meeting its debt obligations.
Peer comparison
Mar 31, 2025