Nextracker Inc.

Nextracker Inc.verified

NXT

Price:

$38.85

Market Cap:

$5.58B

Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidi...[Read more]

Industry

Solar

IPO Date

2023-02-09

Stock Exchange

NASDAQ

Ticker

NXT

The Current Ratio as of November 2024 (TTM) for Nextracker Inc. (NXT) is 2.21

According to Nextracker Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.21. This represents a change of 8.25% compared to the average of 2.04 of the last 4 quarters.

Nextracker Inc. (NXT) Historical Current Ratio (quarterly & annually)

How has NXT Current Ratio performed in the past?

The mean historical Current Ratio of Nextracker Inc. over the last ten years is 1.47. The current 2.21 Current Ratio has changed 14.94% with respect to the historical average. Over the past ten years (40 quarters), NXT's Current Ratio was at its highest in in the September 2024 quarter at 2.21. The Current Ratio was at its lowest in in the June 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

1.47

Median

1.50

Minimum

0.83

Maximum

1.98

Nextracker Inc. (NXT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nextracker Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 78.60%

Maximum Annual Current Ratio = 1.98

Minimum Annual Increase = -35.67%

Minimum Annual Current Ratio = 0.83

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.9815.39%
20231.7213.96%
20221.511.21%
20211.4978.60%
20200.83-35.67%

Nextracker Inc. (NXT) Average Current Ratio

How has NXT Current Ratio performed in the past?

The current Current Ratio of Nextracker Inc. (NXT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.74

5-year avg

1.51

10-year avg

1.47

Nextracker Inc. (NXT) Current Ratio vs. Peers

How is NXT’s Current Ratio compared to its peers?

Nextracker Inc.’s Current Ratio is

CompanyCurrent RatioMarket cap

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