Nextracker Inc. Class A Common Stock (NXT)
Quick 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 | 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 | — | — | — |
Receivables | US$ in thousands | 472,462 | 736,945 | 717,599 | 763,876 | 779,810 | 716,816 | 651,466 | 542,874 | 569,119 | 553,465 | 564,684 | 517,132 | 460,710 | 460,710 | 339,984 | 335,387 | 268,210 |
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 |
Quick ratio | 1.20 | 1.58 | 1.59 | 1.54 | 1.41 | 1.43 | 1.45 | 1.33 | 1.44 | 1.08 | 1.05 | 1.05 | 1.05 | 1.05 | 1.07 | 1.23 | 1.17 |
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 shown fluctuations over the period from March 31, 2021, to March 31, 2025. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at 1.17 on March 31, 2021, and generally remained above 1, indicating that the company had an adequate level of liquid assets to cover its current liabilities. However, there was a slight decline in the quick ratio in the later part of 2021 and throughout 2022, reaching a low of 1.05 on December 31, 2022.
From March 31, 2023, the quick ratio began to increase steadily, reaching its peak of 1.59 on September 30, 2024. This substantial increase suggests that the company significantly improved its ability to meet short-term obligations using its liquid assets.
By the end of the period on March 31, 2025, the quick ratio had decreased slightly to 1.20, still indicating a strong liquidity position for Nextracker Inc. Class A Common Stock. Overall, the trend in the quick ratio reflects the company's varying ability to cover its short-term liabilities effectively over the analyzed period.
Peer comparison
Mar 31, 2025