Nextracker Inc. Class A Common Stock (NXT)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 766,103 | 474,054 | 130,008 | 29,070 | 190,589 |
| Short-term investments | US$ in thousands | — | — | 29,300 | 9,300 | 27,400 |
| Total current liabilities | US$ in thousands | 1,033,510 | 891,486 | 507,426 | 473,371 | 391,351 |
| Cash ratio | 0.74 | 0.53 | 0.31 | 0.08 | 0.56 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($766,103K
+ $—K)
÷ $1,033,510K
= 0.74
The cash ratio of Nextracker Inc. Class A Common Stock has displayed some fluctuations over the past five years. The ratio stood at 0.56 as of March 31, 2021, indicating that the company had $0.56 in cash and cash equivalents for every $1 of current liabilities. However, by March 31, 2022, the cash ratio decreased significantly to 0.08, suggesting a lower level of liquidity relative to its short-term obligations.
Subsequently, the ratio improved to 0.31 as of March 31, 2023, reflecting a better liquidity position compared to the previous year. This was followed by a further increase in the cash ratio to 0.53 as of March 31, 2024, indicating a strengthening liquidity position.
As of March 31, 2025, the cash ratio reached its highest point in the five-year period at 0.74, suggesting that Nextracker Inc. had $0.74 in cash and cash equivalents for every $1 of current liabilities. Overall, the trend in the cash ratio shows fluctuations in the company's liquidity position over the years, with improvements witnessed in recent periods.
Peer comparison
Mar 31, 2025