NEXTDC Limited
NXT.AXTechnologyASXInformation Technology Services · Last scanned May 30, 2026
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Daily timeframeNEXTDC Limited develops and operates data centers in Australia and the Asia-Pacific region. At a $11.01B market cap, NEXTDC Limited ranks as a large-cap company within technology. The company offers data center colocation solutions, such as rack spaces, private suites and cages, high performance computing, remote hands, and amenities; mission critical spaces; data center migration and relocation solutions; e-waste recycling, IT asset disposal and destruction, and carbon neutral solutions; build-to-suit and wholesale data center solutions; disaster recovery and business continuity solutions; liquid cooling; security and compliance solutions; and edge data centers.
Market Cap
$11.01B
Beta
1.18
P/E (TTM)
—
P/E (Fwd)
-39.41
EPS (TTM)
$-0.09
EPS (Fwd)
$-0.39
ROE
-1.4%
ROA
-0.3%
Cash
$278.3M
Total Debt
$2.50B
Free CF
-$1.55B
52W Change
18.5%
Annual Financials
Cash vs Debt
The company holds $278.3M in cash, though total debt stands at $2.50B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$1.55B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -1.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $291.0M (2022) to $427.2M (2025), reflecting a 47% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for NEXTDC Limited and its sector.