NEXTracker (NEXTracker) Debt-to-Equity : -0.05 (As of Dec. 2023)

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What is NEXTracker Debt-to-Equity?

NEXTracker's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. NEXTracker's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $145 Mil. NEXTracker's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3,117 Mil. NEXTracker's debt to equity for the quarter that ended in Dec. 2023 was -0.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for NEXTracker's Debt-to-Equity or its related term are showing as below:

NXT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: -0.05 Max: -0.04
Current: -0.05

During the past 4 years, the highest Debt-to-Equity Ratio of NEXTracker was -0.04. The lowest was -0.06. And the median was -0.05.

NXT's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.27 vs NXT: -0.05

NEXTracker Debt-to-Equity Historical Data

The historical data trend for NEXTracker's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NEXTracker Debt-to-Equity Chart

NEXTracker Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

N/A

-0.05

NEXTracker Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	-0.05	-0.04	-0.06	-0.05

Competitive Comparison of NEXTracker's Debt-to-Equity

For the Solar subindustry, NEXTracker's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NEXTracker's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, NEXTracker's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NEXTracker's Debt-to-Equity falls into.

NEXTracker Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NEXTracker's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	147.147)	/	-3075.767
	=	-0.05

NEXTracker's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	144.762)	/	-3117.013
	=	-0.05

NEXTracker (NAS:NXT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

NEXTracker Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of NEXTracker's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

NEXTracker (NEXTracker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NEXTracker Inc (NAS:NXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 Paseo Padre Parkway, Fremont, CA, USA, 94555

Website

https://www.nextracker.com

NEXTracker Inc provides integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed solar generation projects worldwide. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. It generates revenue from selling solar trackers, such as NX Horizon and NX Gemini, and from licensing TrueCapture software products.

Executives

Daniel S Shugar	director, officer: Chief Executive Officer	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Leah Schlesinger	officer: GC, Ch Eth & Compl Off'r & Sec	6200 PASEO PADRE PARKWAY, FREMONT CA 94555
William D Watkins	director	P O BOX 8, SAINT PETERS MO 63376
Charles D Boynton	director
Flex Ltd.	10 percent owner	2 CHANGI SOUTH LANE, SINGAPORE U0 486123
Tpg Gp A, Llc	10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Kyra Lynn Whitten	director	17465 RINGEL DRIVE, MORGAN HILL CA 95037
Brandi Elizabeth Thomas	director	C/O NEXTRACKER HQ, 6200 PASEO PADRE PKWY, FREMONT CA 94555
Howard Wenger	officer: President	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Nicholas Marco Miller	officer: Chief Operating Officer	6200 PASEO PADRE PARKWAY, FREMONT CA 94555
Bruce Ledesma	officer: Pres, Strat'y, Software & Admn	3939 NORTH FIRST STREET, SAN JOSE CA 95134
David P Bennett	officer: Chief Financial Officer	3616 NICOLE AVE, PLEASANTON CA 94588
Willy C Shih	director	343 STATE STREET, ROCHESTER NY 146500211
Michael P Hartung	director	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Steven B. Mandel	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102