Nextracker Inc. Class A Common Stock (NXT)

Debt-to-capital ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Long-term debt	US$ in thousands	143,967	144,762	145,557	147,289	147,147	—
Total stockholders’ equity	US$ in thousands	961,013	-3,117,010	-2,641,020	-3,352,380	-3,075,770	0
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

The debt-to-capital ratio for Nextracker Inc. Class A Common Stock as of March 31, 2024, is 0.13. This ratio indicates that the company has a relatively low level of debt in comparison to its total capital. A lower debt-to-capital ratio suggests that the company relies less on debt financing and may have a stronger financial position. It is important to note that without historical data for comparison or industry benchmarks, it is difficult to draw definitive conclusions about the company's leverage position. Going forward, monitoring changes in the debt-to-capital ratio over time can provide valuable insights into Nextracker Inc.'s capital structure and financial health.