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