Nextracker Inc. Class A Common Stock (NXT)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 474,054 | 130,008 |
| Short-term investments | US$ in thousands | — | 29,300 |
| Total current liabilities | US$ in thousands | 891,486 | 507,426 |
| Cash ratio | 0.53 | 0.31 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($474,054K
+ $—K)
÷ $891,486K
= 0.53
Peer comparison
Mar 31, 2024
Company name
Symbol
Cash ratio
Nextracker Inc. Class A Common Stock
NXT
0.53
Garmin Ltd
GRMN
1.50
L3Harris Technologies Inc
LHX
0.07
Northrop Grumman Corporation
NOC
0.26
Teledyne Technologies Incorporated
TDY
0.37