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.