Nextracker Cash And Short Term Investments vs Total Current Liabilities Analysis

NXT Stock

43.70 1.33 3.14%

Nextracker financial indicator trend analysis is infinitely more than just investigating Nextracker Class A recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextracker Class A is a good investment. Please check the relationship between Nextracker Cash And Short Term Investments and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextracker Class A Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nextracker's Cash And Short Term Investments and Total Current Liabilities is 0.86. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Nextracker Class A, assuming nothing else is changed. The correlation between historical values of Nextracker's Cash And Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Nextracker Class A are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Nextracker's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nextracker Class A balance sheet. This account contains Nextracker investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nextracker Class A fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Current Liabilities

Total Current Liabilities is an item on Nextracker balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nextracker Class A are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Nextracker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextracker Class A current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

At this time, Nextracker's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 135 M in 2025, whereas Enterprise Value Over EBITDA is likely to drop 7.39 in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	287.0M	813.0M	935.0M	981.8M
Total Revenue	1.9B	2.5B	2.9B	1.6B

Gross Profit Total Revenue

Nextracker fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.87	0.88	0.14	0.84	0.97	-0.89	-0.9	0.87	0.98	0.84	0.97	0.98	0.87	-0.78	0.95	0.93	0.84	0.98	0.97	0.98	1.0	-0.81	-0.81	0.94	0.81
Other Current Liab	0.87		0.99	0.09	0.92	0.88	-0.79	-0.83	0.99	0.83	0.92	0.83	0.83	0.98	-0.45	0.82	0.88	0.96	0.85	0.83	0.9	0.88	-0.83	-0.83	0.81	0.89
Total Current Liabilities	0.88	0.99		0.05	0.91	0.9	-0.82	-0.84	0.99	0.85	0.92	0.82	0.86	0.98	-0.44	0.83	0.87	0.96	0.84	0.82	0.9	0.89	-0.86	-0.81	0.82	0.91
Total Stockholder Equity	0.14	0.09	0.05		0.02	-0.03	-0.44	0.25	0.16	0.25	0.01	0.37	0.22	-0.07	-0.27	-0.13	-0.01	-0.06	0.32	0.33	0.06	0.15	0.2	0.23	-0.16	-0.21
Property Plant And Equipment Net	0.84	0.92	0.91	0.02		0.79	-0.72	-0.83	0.9	0.79	0.92	0.79	0.79	0.96	-0.43	0.82	0.88	0.9	0.82	0.79	0.86	0.84	-0.73	-0.81	0.81	0.89
Current Deferred Revenue	0.97	0.88	0.9	-0.03	0.79		-0.82	-0.94	0.87	0.93	0.83	0.89	0.94	0.89	-0.71	0.96	0.93	0.88	0.92	0.9	0.97	0.97	-0.89	-0.86	0.95	0.85
Net Debt	-0.89	-0.79	-0.82	-0.44	-0.72	-0.82		0.69	-0.85	-0.95	-0.75	-0.92	-0.95	-0.75	0.64	-0.75	-0.75	-0.73	-0.91	-0.91	-0.83	-0.9	0.68	0.54	-0.74	-0.67
Retained Earnings	-0.9	-0.83	-0.84	0.25	-0.83	-0.94	0.69		-0.79	-0.84	-0.88	-0.8	-0.85	-0.89	0.56	-0.98	-0.88	-0.82	-0.83	-0.82	-0.89	-0.89	0.8	0.87	-0.98	-0.83
Accounts Payable	0.87	0.99	0.99	0.16	0.9	0.87	-0.85	-0.79		0.85	0.89	0.82	0.86	0.96	-0.44	0.79	0.85	0.96	0.85	0.82	0.89	0.88	-0.84	-0.77	0.77	0.9
Cash	0.98	0.83	0.85	0.25	0.79	0.93	-0.95	-0.84	0.85		0.82	0.97	1.0	0.82	-0.77	0.91	0.86	0.78	0.97	0.97	0.93	0.98	-0.76	-0.69	0.89	0.74
Non Current Assets Total	0.84	0.92	0.92	0.01	0.92	0.83	-0.75	-0.88	0.89	0.82		0.81	0.82	0.94	-0.42	0.86	0.77	0.82	0.82	0.83	0.8	0.83	-0.66	-0.72	0.87	0.79
Non Currrent Assets Other	0.97	0.83	0.82	0.37	0.79	0.89	-0.92	-0.8	0.82	0.97	0.81		0.96	0.79	-0.8	0.87	0.85	0.74	1.0	1.0	0.91	0.96	-0.66	-0.7	0.86	0.66
Cash And Short Term Investments	0.98	0.83	0.86	0.22	0.79	0.94	-0.95	-0.85	0.86	1.0	0.82	0.96		0.83	-0.76	0.91	0.86	0.79	0.96	0.96	0.93	0.98	-0.78	-0.69	0.9	0.76
Net Receivables	0.87	0.98	0.98	-0.07	0.96	0.89	-0.75	-0.89	0.96	0.82	0.94	0.79	0.83		-0.43	0.87	0.9	0.96	0.82	0.8	0.9	0.88	-0.85	-0.86	0.86	0.94
Good Will	-0.78	-0.45	-0.44	-0.27	-0.43	-0.71	0.64	0.56	-0.44	-0.77	-0.42	-0.8	-0.76	-0.43		-0.71	-0.68	-0.42	-0.79	-0.79	-0.73	-0.77	0.48	0.51	-0.69	-0.41
Common Stock Shares Outstanding	0.95	0.82	0.83	-0.13	0.82	0.96	-0.75	-0.98	0.79	0.91	0.86	0.87	0.91	0.87	-0.71		0.9	0.8	0.9	0.89	0.93	0.94	-0.79	-0.84	1.0	0.8
Non Current Liabilities Total	0.93	0.88	0.87	-0.01	0.88	0.93	-0.75	-0.88	0.85	0.86	0.77	0.85	0.86	0.9	-0.68	0.9		0.92	0.89	0.85	0.98	0.94	-0.89	-0.94	0.88	0.9
Inventory	0.84	0.96	0.96	-0.06	0.9	0.88	-0.73	-0.82	0.96	0.78	0.82	0.74	0.79	0.96	-0.42	0.8	0.92		0.78	0.74	0.91	0.86	-0.93	-0.89	0.78	0.97
Other Current Assets	0.98	0.85	0.84	0.32	0.82	0.92	-0.91	-0.83	0.85	0.97	0.82	1.0	0.96	0.82	-0.79	0.9	0.89	0.78		0.99	0.94	0.98	-0.71	-0.75	0.88	0.72
Other Stockholder Equity	0.97	0.83	0.82	0.33	0.79	0.9	-0.91	-0.82	0.82	0.97	0.83	1.0	0.96	0.8	-0.79	0.89	0.85	0.74	0.99		0.91	0.96	-0.66	-0.71	0.88	0.66
Total Liab	0.98	0.9	0.9	0.06	0.86	0.97	-0.83	-0.89	0.89	0.93	0.8	0.91	0.93	0.9	-0.73	0.93	0.98	0.91	0.94	0.91		0.98	-0.89	-0.9	0.91	0.88
Total Current Assets	1.0	0.88	0.89	0.15	0.84	0.97	-0.9	-0.89	0.88	0.98	0.83	0.96	0.98	0.88	-0.77	0.94	0.94	0.86	0.98	0.96	0.98		-0.83	-0.82	0.93	0.82
Intangible Assets	-0.81	-0.83	-0.86	0.2	-0.73	-0.89	0.68	0.8	-0.84	-0.76	-0.66	-0.66	-0.78	-0.85	0.48	-0.79	-0.89	-0.93	-0.71	-0.66	-0.89	-0.83		0.86	-0.78	-0.94
Common Stock	-0.81	-0.83	-0.81	0.23	-0.81	-0.86	0.54	0.87	-0.77	-0.69	-0.72	-0.7	-0.69	-0.86	0.51	-0.84	-0.94	-0.89	-0.75	-0.71	-0.9	-0.82	0.86		-0.83	-0.87
Short Long Term Debt Total	0.94	0.81	0.82	-0.16	0.81	0.95	-0.74	-0.98	0.77	0.89	0.87	0.86	0.9	0.86	-0.69	1.0	0.88	0.78	0.88	0.88	0.91	0.93	-0.78	-0.83		0.79
Other Liab	0.81	0.89	0.91	-0.21	0.89	0.85	-0.67	-0.83	0.9	0.74	0.79	0.66	0.76	0.94	-0.41	0.8	0.9	0.97	0.72	0.66	0.88	0.82	-0.94	-0.87	0.79

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Nextracker Account Relationship Matchups

Nextracker fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	881.0M	1.0B	1.4B	2.5B	2.9B	3.0B
Other Current Liab	82.5M	128.9M	117.7M	209.3M	240.7M	128.1M
Total Current Liabilities	391.4M	473.4M	507.4M	891.5M	1.0B	514.4M
Total Stockholder Equity	456.0M	(3.0M)	(3.1B)	961.0M	864.9M	908.2M
Property Plant And Equipment Net	5.0M	7.4M	7.3M	9.2M	10.6M	7.0M
Current Deferred Revenue	77.4M	77.9M	176.5M	225.5M	259.4M	272.3M
Net Debt	(186.1M)	(24.6M)	17.1M	(330.1M)	(297.1M)	(282.2M)
Retained Earnings	456.0M	(3.0M)	(3.1B)	(3.1B)	(2.8B)	(2.6B)
Accounts Payable	231.5M	266.6M	211.4M	456.6M	525.1M	265.3M
Cash	190.6M	29.1M	130.0M	474.1M	545.2M	572.4M
Non Current Assets Total	297.7M	303.2M	547.4M	750.5M	863.1M	465.6M
Non Currrent Assets Other	16.5M	28.1M	16.6M	474.6M	545.8M	573.1M
Cash And Short Term Investments	218.0M	38.4M	159.3M	474.1M	545.2M	572.4M
Net Receivables	268.2M	460.7M	569.1M	779.8M	896.8M	456.2M
Liabilities And Stockholders Equity	881.0M	1.0B	1.4B	2.5B	2.9B	3.0B
Non Current Liabilities Total	33.6M	547.0M	427.4M	635.3M	730.6M	767.1M
Inventory	84.5M	172.2M	138.1M	201.7M	232.0M	127.8M
Other Current Assets	12.6M	52.1M	35.1M	312.6M	359.5M	377.5M
Other Stockholder Equity	(456.0M)	(504.2M)	0.0	4.0B	4.6B	4.9B
Total Liab	424.9M	1.0B	934.8M	1.5B	1.8B	1.8B
Total Current Assets	583.3M	714.1M	872.3M	1.8B	2.0B	2.1B
Intangible Assets	11.0M	2.5M	1.3M	1.5M	1.4M	1.3M
Common Stock	231.1M	456.0M	15K	14K	12.6K	12.0K
Short Term Debt	64.4M	65.5M	1.9M	7.6M	6.8M	6.5M

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