Nextracker Inc. Class A Common Stock (NXT)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Cash | US$ in thousands | 474,054 | 130,008 |
| Short-term investments | US$ in thousands | — | 29,300 |
| Receivables | US$ in thousands | 524,087 | 387,459 |
| Total current liabilities | US$ in thousands | 891,486 | 507,426 |
| Quick ratio | 1.12 | 1.08 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($474,054K
+ $—K
+ $524,087K)
÷ $891,486K
= 1.12
Peer comparison
Mar 31, 2024
Company name
Symbol
Quick ratio
Nextracker Inc. Class A Common Stock
NXT
1.12
Garmin Ltd
GRMN
2.12
L3Harris Technologies Inc
LHX
1.05
Northrop Grumman Corporation
NOC
0.86
Teledyne Technologies Incorporated
TDY
1.05