Nextracker Inc. Class A Common Stock (NXT)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | 0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | 0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.96 | 2.12 | 2.19 | 2.34 | 2.54 | — | — | — | — | 13.09 | 14.90 | 2.14 | — | — | 2.04 | 1.92 | 1.93 |
The solvency ratios of Nextracker Inc. Class A Common Stock provide insights into the company's ability to meet its long-term financial obligations and its overall financial health.
First, analyzing the Debt-to-assets ratio shows that the company has consistently maintained a ratio of 0.00, indicating that the company has no debt in relation to its total assets over the years reviewed. This implies a strong financial position with minimal financial risk associated with debt.
Looking at the Debt-to-capital ratio, the data shows that Nextracker has maintained a low or zero ratio throughout most of the periods, except for some missing data points. This suggests that the company's capital structure is primarily equity-funded, which can be viewed positively as it reduces the financial risk typically associated with higher debt levels.
Similarly, the Debt-to-equity ratio reflects a consistently low ratio or 0.00 over the periods examined, indicating that the company relies more on equity financing rather than debt. This demonstrates a healthy balance between debt and equity in the company's capital structure.
Lastly, examining the Financial leverage ratio, which measures the company's level of debt in relation to its equity, reveals fluctuating figures over the years. However, the ratios generally fall within a moderate range, with some significant deviations in certain periods, potentially indicating changes in the company's leverage strategy.
Overall, the solvency ratios of Nextracker Inc. Class A Common Stock indicate a solid financial standing with minimal debt obligations relative to assets and capital. This suggests a lower risk of insolvency and a stable financial position for the company.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 35.50 | 62.44 | 64.24 | 41.42 | 41.61 | 26.32 | 25.85 | 128.53 | 324.01 | 119.47 | 82.83 | 65.72 | 58.12 | — | — | — | — |
The interest coverage ratio for Nextracker Inc. Class A Common Stock provides insight into the company's ability to meet its interest payment obligations. From March 31, 2021, to March 31, 2025, the interest coverage ratio varied significantly.
The data reveals that the company had no value reported for interest coverage from March 31, 2021, to September 30, 2021. This lack of information could indicate that the company may have had challenges in meeting its interest expenses during this period.
From December 31, 2021, to March 31, 2024, the interest coverage ratio ranged from 58.12 to 324.01, indicating an improvement in the company's ability to cover its interest payments over time. This improvement suggests better financial health and ability to service its debt obligations comfortably.
However, the interest coverage ratio decreased significantly from March 31, 2024, to September 30, 2024, hovering around 25.85 to 64.24. This decline could indicate a potential concern regarding the company's ability to cover its interest expenses adequately during these quarters.
By the end of March 31, 2025, the interest coverage ratio stood at 35.50, which is lower compared to the earlier peak in March 31, 2024. This could suggest a potential need for the company to closely monitor its interest coverage and financial obligations to ensure sustainability and mitigate any risks associated with debt servicing in the future.