Nextracker Inc. Class A Common Stock (NXT)
Financial leverage ratio
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Total assets | US$ in thousands | 2,518,780 | 1,419,680 |
| Total stockholders’ equity | US$ in thousands | 961,013 | -3,075,770 |
| Financial leverage ratio | 2.62 | — |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,518,780K ÷ $961,013K
= 2.62
Peer comparison
Mar 31, 2024
Company name
Symbol
Financial leverage ratio
Nextracker Inc. Class A Common Stock
NXT
2.62
Garmin Ltd
GRMN
1.23
L3Harris Technologies Inc
LHX
2.22
Northrop Grumman Corporation
NOC
3.15
Teledyne Technologies Incorporated
TDY
1.58