Nextracker Inc. Class A Common Stock (NXT)

Financial leverage ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Total assets	US$ in thousands	3,192,520	2,518,780	1,419,680	1,017,290	880,969
Total stockholders’ equity	US$ in thousands	1,628,130	961,013	-3,075,770	501,133	456,047
Financial leverage ratio		1.96	2.62	—	2.03	1.93

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,192,520K ÷ $1,628,130K
= 1.96

The financial leverage ratio of Nextracker Inc. Class A Common Stock has shown some fluctuations over the past five years.

As of March 31, 2021, the financial leverage ratio was 1.93. This indicates that the company had $1.93 of debt for every $1 of equity.

By March 31, 2022, the financial leverage ratio increased to 2.03, suggesting that the company's debt levels relative to equity had slightly risen.

Interestingly, the financial leverage ratio data for March 31, 2023 is missing in the provided information.

Subsequently, as of March 31, 2024, the financial leverage ratio surged to 2.62, signaling a significant increase in the company's debt relative to equity.

Finally, by March 31, 2025, the financial leverage ratio decreased to 1.96, signifying a reduction in the company's debt relative to equity compared to the previous year.

Overall, the financial leverage ratio of Nextracker Inc. Class A Common Stock has fluctuated over the years, demonstrating varying levels of debt utilization in financing the company's assets.