Nextracker Inc. Class A Common Stock (NXT)

Debt-to-equity 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-equity ratio		0.15	—	—	—	—	—

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $143,967K ÷ $961,013K
= 0.15

The debt-to-equity ratio for Nextracker Inc. Class A Common Stock as of March 31, 2024, is 0.15. This indicates that the company has a relatively low level of debt compared to equity in its capital structure. A lower debt-to-equity ratio suggests that the company relies more on equity financing rather than debt, which can be considered a positive sign as it signifies lower financial risk and greater financial stability. It also implies that the company may have a stronger ability to meet its financial obligations and withstand financial challenges. Comparing this ratio over time can provide insights into the company's changing debt levels relative to equity and its financial leverage strategy.