Nextracker Inc. Class A Common Stock (NXT)
Debt-to-assets ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,192,520 | 2,983,560 | 2,768,660 | 2,626,930 | 2,518,780 | 2,095,120 | 2,033,560 | 1,656,870 | 1,419,680 | 1,259,700 | 1,287,760 | 1,129,500 | 1,017,290 | 1,017,290 | 944,915 | 976,958 | 880,969 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Nextracker Inc. Class A Common Stock has consistently remained at 0.00 over the period from March 31, 2021, to March 31, 2025. This indicates that the company has not used any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 typically suggests that the company's assets are entirely financed by equity, giving a clear indication that Nextracker Inc. has a low risk of financial distress related to debt obligations. It also implies that the company may be following a conservative financial strategy, prioritizing equity financing over debt to maintain financial stability and flexibility.
Peer comparison
Mar 31, 2025