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.
NXT Interest Coverage Ratio
Reported quarterly interest coverage; no daily interpolation.
NXT Average Interest Coverage Ratio Chart
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
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nextpower Inc. (NXT) | $16.07B | 454.40x | 292.81x | N/A | N/A |
| Onto Innovation Inc. (ONTO)vs › | $16.11B | N/A | 42.11x | 27.04x | 21.89x |
| Broadridge Financial Solutions, Inc. (BR)vs › | $15.95B | 8.75x | 7.76x | 7.67x | 8.75x |
| Toast, Inc. (TOST)vs › | $15.71B | N/A | N/A | N/A | N/A |
| Akamai Technologies, Inc. (AKAM)vs › | $16.47B | 20.42x | 20.05x | 34.26x | 26.23x |
| Nova Ltd. (NVMI)vs › | $15.53B | 109.44x | 112.82x | 103.82x | 83.15x |
| Gen Digital Inc. (GEN)vs › | $14.73B | 3.79x | 3.79x | 2.75x | 3.85x |
| Samsara Inc. (IOT)vs › | $17.97B | N/A | N/A | N/A | N/A |
| PTC Inc. (PTC)vs › | $13.37B | 12.76x | 8.84x | 7.36x | 6.63x |
| Juniper Networks, Inc. (JNPR)vs › | $13.36B | 3.59x | 4.73x | 6.49x | 5.92x |
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
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2026-03-31 | 454.40x |
| 2025-12-31 | 520.66x |
| 2025-09-26 | 251.95x |
| 2025-06-27 | 154.04x |
| 2025-03-31 | 83.00x |
| 2024-12-31 | 39.56x |
| 2024-09-27 | 36.42x |
| 2024-06-28 | 49.26x |
| 2024-03-31 | 273.96x |
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.
- Sector
- Technology
- Industry
- Consumer Electronics
- CEO
- Daniel S. Shugar