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| Date | Value |
|---|---|
| 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 |