Nextracker Inc. Class A Common Stock (NXT) — Working Capital to Net Assets Ratio
Nextracker Inc. Class A Common Stock (NXT) has a Working Capital to Net Assets ratio of 68.6% as of December 2025. Working capital of $1.47 Billion (current assets of $2.56 Billion minus current liabilities of $1.08 Billion) is measured against net assets of $2.15 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nextracker Inc. Class A Common Stock free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nextracker Inc. Class A Common Stock Working Capital to Net Assets (2019–2025)
This chart shows how Nextracker Inc. Class A Common Stock's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 68.6%, reflecting working capital of $1.47 Billion against net assets of $2.15 Billion USD. See NXT defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Nextracker Inc. Class A Common Stock (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nextracker Inc. Class A Common Stock from 2019 to 2025, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Nextracker Inc. Class A Common Stock market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 69.1% | $1.12 Billion | $1.63 Billion | $2.16 Billion | $1.03 Billion | ▼ -19.3 pp |
| 2024 | 88.4% | $876.75 Million | $992.03 Million | $1.77 Billion | $891.49 Million | ▲ +13.1 pp |
| 2023 | 75.2% | $364.84 Million | $484.86 Million | $872.26 Million | $507.43 Million | ▲ +28.3 pp |
| 2022 | 47.0% | $235.39 Million | $501.13 Million | $708.76 Million | $473.37 Million | ▲ +4.9 pp |
| 2021 | 42.1% | $191.90 Million | $456.05 Million | $583.25 Million | $391.35 Million | ▲ +68.1 pp |
| 2020 | -26.0% | $-60.06 Million | $231.06 Million | $302.80 Million | $362.86 Million | ▼ -40.8 pp |
| 2019 | 14.8% | $53.34 Million | $359.34 Million | $232.83 Million | $179.49 Million | — |