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NXTNextpower Inc.

Interest Coverage Ratio: 454.40x

Is the interest coverage ratio high or low?

The interest coverage ratio of 454.40x is 119% above its 2-year average of 207.03x, near the high end of its 2-year range (36.42x–520.66x).

As of Sunday, June 28, 2026. 55.19% above its 12-month average of 292.81x.

Interest Coverage

NXT Interest Coverage Ratio

454.40x

Reported quarterly interest coverage; no daily interpolation.

+65.86% 5Y
NXT Interest Coverage Ratio

NXT Average Interest Coverage Ratio Chart

NXT Interest Coverage Ratio

NXT Current vs Average Interest Coverage Ratio Chart

NXT Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

454.40x

INTEREST COVERAGE RATIO AVG TTM

292.81x

INTEREST COVERAGE RATIO AVG 3Y

N/A

INTEREST COVERAGE RATIO AVG 5Y

N/A

INTEREST COVERAGE RATIO AVG 10Y

N/A

INTEREST COVERAGE RATIO AVG 15Y

N/A

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+55.19%

CURRENT VS 3Y AVG

N/A

CURRENT VS 5Y AVG

N/A

CURRENT VS 10Y AVG

N/A

CURRENT VS 15Y AVG

N/A

CURRENT VS 20Y AVG

N/A

NXT Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Nextpower Inc. (NXT)$16.07B454.40x292.81xN/AN/A
Onto Innovation Inc. (ONTO)vs ›$16.11BN/A42.11x27.04x21.89x
Broadridge Financial Solutions, Inc. (BR)vs ›$15.95B8.75x7.76x7.67x8.75x
Toast, Inc. (TOST)vs ›$15.71BN/AN/AN/AN/A
Akamai Technologies, Inc. (AKAM)vs ›$16.47B20.42x20.05x34.26x26.23x
Nova Ltd. (NVMI)vs ›$15.53B109.44x112.82x103.82x83.15x
Gen Digital Inc. (GEN)vs ›$14.73B3.79x3.79x2.75x3.85x
Samsara Inc. (IOT)vs ›$17.97BN/AN/AN/AN/A
PTC Inc. (PTC)vs ›$13.37B12.76x8.84x7.36x6.63x
Juniper Networks, Inc. (JNPR)vs ›$13.36B3.59x4.73x6.49x5.92x

Financial Health Indicators

Interest Coverage

454.4x

Debt/Equity

0.00

Current Ratio

2.45

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Nextpower Inc. (NXT)?
The interest coverage ratio for NXT stock is 454.40x.
Is Nextpower Inc.'s interest coverage ratio high or low?
The interest coverage ratio of 454.40x is 119% above its 2-year average of 207.03x, near the high end of its 2-year range (36.42x–520.66x).
What is the TTM average interest coverage ratio for Nextpower Inc. (NXT)?
The TTM average interest coverage ratio for NXT stock is 292.81x.

NXT Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2026-03-31454.40x
2025-12-31520.66x
2025-09-26251.95x
2025-06-27154.04x
2025-03-3183.00x
2024-12-3139.56x
2024-09-2736.42x
2024-06-2849.26x
2024-03-31273.96x

About Nextpower Inc.

Nextpower Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. It also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor, a solar tracker foundation system to facilitate solar project development in challenging soil conditions; NX Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company serves engineering, procurement, and construction firms, as well as solar project developers and owners. Nextpower Inc. was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.

Fremont, CA
1,300 employees
Technology / Consumer Electronics
Sector
Technology
Industry
Consumer Electronics
CEO
Daniel S. Shugar