Nextracker Inc. Class A Common Stock (NXT)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Long-term debt | US$ in thousands | 143,967 | 147,147 |
| Total stockholders’ equity | US$ in thousands | 961,013 | -3,075,770 |
| Debt-to-capital ratio | 0.13 | — |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $143,967K ÷ ($143,967K + $961,013K)
= 0.13
Peer comparison
Mar 31, 2024
Company name
Symbol
Debt-to-capital ratio
Nextracker Inc. Class A Common Stock
NXT
0.13
Garmin Ltd
GRMN
0.00
L3Harris Technologies Inc
LHX
0.37
Northrop Grumman Corporation
NOC
0.48
Teledyne Technologies Incorporated
TDY
0.22