Nextracker Inc. Class A Common Stock (NXT)
Debt-to-equity 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-equity ratio | 0.15 | — |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $143,967K ÷ $961,013K
= 0.15
Peer comparison
Mar 31, 2024
Company name
Symbol
Debt-to-equity ratio
Nextracker Inc. Class A Common Stock
NXT
0.15
Garmin Ltd
GRMN
0.00
L3Harris Technologies Inc
LHX
0.59
Northrop Grumman Corporation
NOC
0.93
Teledyne Technologies Incorporated
TDY
0.29