Nextracker Inc. Class A Common Stock (NXT)

Current 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
Total current assets	US$ in thousands	2,157,990	1,994,520	1,784,730	1,697,410	1,768,240	1,418,960	1,338,780	1,116,810	872,265	954,337	985,466	821,325	714,062	714,062	651,731	682,448	583,253
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
Current ratio		2.09	2.20	2.21	2.11	1.98	1.87	1.73	1.65	1.72	1.58	1.51	1.46	1.51	1.51	1.49	1.60	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 generally increasing trend over the periods provided in the data. Starting at 1.49 on March 31, 2021, the ratio steadily climbed to 2.09 on March 31, 2025. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.

The ratio consistently remained above 1 throughout the periods, reflecting that Nextracker Inc. had more current assets than current liabilities, which is a positive sign. A ratio above 1 suggests that the company has sufficient short-term assets to cover its short-term obligations.

The gradual increase in the current ratio over the years indicates an improvement in the company's liquidity position. A higher current ratio implies better liquidity and financial health as the company has more liquid assets relative to its short-term liabilities.

Overall, the increasing trend of the current ratio for Nextracker Inc. Class A Common Stock from 1.49 to 2.09 over the period indicates a strengthening liquidity position and suggests that the company has the capacity to meet its short-term obligations comfortably.