Nextpower (NXT) Debt Ratio (2022 - 2024)

Nextpower's (NXT) quarterly Debt Ratio came in at 0.05 in Q4 2024, down 29.5% year-on-year from 0.07 in Q1 2024, and down 7.71% quarter-over-quarter from 0.05 in Q3 2024.

Nextpower (NXT) Debt Ratio (2022 - 2024) Analysis & Trends

Nextpower's Debt Ratio history runs 3 years deep, the most recent figure standing at 0.05 for Q4 2024.

  • On a quarterly basis, Debt Ratio fell 29.5% year-over-year to 0.05 in Q4 2024; TTM through Dec 2024 was 0.05, a 29.5% decrease from a year earlier, with the FY2024 full-year figure at 0.06, down 47.76% from the prior year.
  • Debt Ratio fell to 0.05 in Q4 2024 per NXT's latest filing, from 0.05 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.11 in Q1 2023 and bottomed at 0.03 in Q4 2022.
  • The 3-year median for Debt Ratio is 0.06 (2024), against an average of 0.06.
  • Across the five-year window, Debt Ratio soared 190.51% in 2023 and plunged 47.76% in 2024, its largest moves.
  • Year by year, Debt Ratio stood at 0.03 in 2022, then surged by 111.33% to 0.07 in 2023, then decreased by 29.5% to 0.05 in 2024.
  • Per Business Quant, the three latest NXT Debt Ratio figures stand at 0.05 (Q4 2024), 0.05 (Q3 2024), and 0.06 (Q2 2024).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 0.03
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 0.21
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 0.15
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 0.02
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 0.18
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 0.55
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.45
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 0.00

Historic Data

Download Data
DateValue
Dec 31, 2024 0.05
Sep 27, 2024 0.05
Jun 28, 2024 0.06
Mar 31, 2024 0.06
Dec 31, 2023 0.07
Sep 29, 2023 0.07
Jun 30, 2023 0.09
Mar 31, 2023 0.11
Dec 31, 2022 0.03
Mar 31, 2022 0.04