Nextracker Inc. Class A Common Stock (NXT)

Quick ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash	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
Receivables	US$ in thousands	472,462	779,810	569,119	460,710	268,210
Total current liabilities	US$ in thousands	1,033,510	891,486	507,426	473,371	391,351
Quick ratio		1.20	1.41	1.44	1.05	1.24

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($766,103K + $—K + $472,462K) ÷ $1,033,510K
= 1.20

The quick ratio of Nextracker Inc. Class A Common Stock has exhibited some fluctuations over the years based on the provided data. As of March 31, 2021, the quick ratio was 1.24, indicating that the company had $1.24 in liquid assets available to cover each dollar of its current liabilities.

However, by March 31, 2022, the quick ratio decreased to 1.05, suggesting a slight decrease in the company's ability to meet its short-term obligations with its most liquid assets.

In the following years, the quick ratio improved, reaching 1.44 as of March 31, 2023, indicating a stronger position in terms of liquidity. This improvement was sustained in the subsequent periods, with the quick ratios for March 31, 2024, and March 31, 2025, reported as 1.41 and 1.20 respectively.

Overall, the trend in Nextracker Inc.'s quick ratio reflects some variability but generally indicates a healthy ability to meet its short-term liabilities with its readily available liquid assets. However, it is important to continue monitoring this ratio to ensure the company maintains a strong liquidity position.