Nextracker Inc. Class A Common Stock (NXT)

Cash ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	US$ in thousands	766,103	693,543	561,884	471,879	474,054	367,818	372,918	355,081	130,008	100,081	84,209	31,128	29,070	29,070	129,708	191,252	190,589
Short-term investments	US$ in thousands	—	—	—	—	—	—	98,000	—	29,300	—	38,300	38,300	9,300	9,300	—	—	—
Total current liabilities	US$ in thousands	1,033,510	904,645	806,278	802,957	891,486	759,437	772,210	676,138	507,426	604,612	651,766	560,843	473,371	473,371	438,235	427,866	391,351
Cash ratio		0.74	0.77	0.70	0.59	0.53	0.48	0.61	0.53	0.31	0.17	0.19	0.12	0.08	0.08	0.30	0.45	0.49

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 shown fluctuations over the analyzed period, ranging from 0.08 to 0.77. The cash ratio provides insight into the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio is generally considered favorable as it indicates a stronger ability to cover short-term obligations.

The cash ratio of Nextracker Inc. started at 0.49 on March 31, 2021, and gradually declined to a low of 0.08 by December 31, 2021, and remained at the same level on March 31, 2022. However, the company improved its cash position by June 30, 2022, with a ratio of 0.12, and continued to increase steadily over the following quarters.

Notably, the cash ratio peaked at 0.77 by December 31, 2024, indicating a significant improvement in the company's liquidity position. The ratio declined slightly to 0.74 by March 31, 2025, but still remained at a relatively high level compared to previous periods. Overall, the upward trend in the cash ratio reflects a positive development in Nextracker Inc.'s ability to meet its short-term financial obligations using its available cash resources.