Nextracker Inc. Class A Common Stock (NXT)
Interest coverage
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 587,118 | 168,485 |
| Interest expense | US$ in thousands | 13,820 | 1,833 |
| Interest coverage | 42.48 | 91.92 |
March 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $587,118K ÷ $13,820K
= 42.48
Peer comparison
Mar 31, 2024
Company name
Symbol
Interest coverage
Nextracker Inc. Class A Common Stock
NXT
42.48
Garmin Ltd
GRMN
—
L3Harris Technologies Inc
LHX
2.63
Northrop Grumman Corporation
NOC
26.71
Teledyne Technologies Incorporated
TDY
13.39