Nextracker Inc. Class A Common Stock (NXT)

Current ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Total current assets	US$ in thousands	2,157,990	1,768,240	872,265	714,062	583,253
Total current liabilities	US$ in thousands	1,033,510	891,486	507,426	473,371	391,351
Current ratio		2.09	1.98	1.72	1.51	1.49

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,157,990K ÷ $1,033,510K
= 2.09

The current ratio of Nextracker Inc. Class A Common Stock has shown a consistent and positive trend over the past five years, increasing from 1.49 as of March 31, 2021, to 2.09 as of March 31, 2025. This indicates that the company's ability to meet its short-term obligations with its current assets has been steadily improving. A current ratio above 1 suggests that the company has ample current assets to cover its current liabilities, with higher ratios indicating a stronger financial position. Nextracker Inc.'s current ratio has been strengthening, reflecting a healthy liquidity position and potentially reduced liquidity risk over the years.