Nextracker Inc. Class A Common Stock (NXT)

Financial leverage ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Total assets	US$ in thousands	2,518,780	2,095,120	2,033,560	1,656,870	1,419,680	1,259,700
Total stockholders’ equity	US$ in thousands	961,013	-3,117,010	-2,641,020	-3,352,380	-3,075,770	0
Financial leverage ratio		2.62	—	—	—	—	—

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,518,780K ÷ $961,013K
= 2.62

The financial leverage ratio of Nextracker Inc. Class A Common Stock as of March 31, 2024, stands at 2.62. This indicates that the company's assets are financed with approximately 2.62 times as much debt as equity. A higher financial leverage ratio suggests a higher degree of financial leverage and risk, as the company relies more on debt to fund its operations and growth. It is important to monitor changes in this ratio over time to assess the company's capital structure and risk profile. It appears that historical data for this ratio is not available for prior periods, making it challenging to analyze the trend or compare the current financial leverage position with past performance.