Nextera Energy Inc (NEE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,487,000 | 2,690,000 | 1,601,000 | 639,000 | 1,105,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 5,728,000 |
| Total current liabilities | US$ in thousands | 25,355,000 | 27,963,000 | 26,695,000 | 17,437,000 | 15,558,000 |
| Cash ratio | 0.06 | 0.10 | 0.06 | 0.04 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,487,000K
+ $—K)
÷ $25,355,000K
= 0.06
The cash ratio for Nextera Energy Inc has shown fluctuations over the years. As of December 31, 2020, the cash ratio was 0.44, indicating that the company had $0.44 in cash and cash equivalents for every $1 of current liabilities. However, by December 31, 2021, the cash ratio decreased significantly to 0.04, reflecting a lower level of liquidity compared to the previous year.
Subsequently, by December 31, 2022, the cash ratio slightly improved to 0.06, suggesting a modest increase in the company's ability to cover its short-term obligations with cash on hand. By December 31, 2023, the cash ratio further improved to 0.10, indicating a healthier liquidity position compared to the previous years.
However, by the end of December 31, 2024, the cash ratio decreased back to 0.06, implying a slight decrease in liquidity compared to the previous year. Overall, the fluctuations in the cash ratio of Nextera Energy Inc highlight the company's varying levels of liquidity and ability to meet short-term obligations with its available cash reserves.
Peer comparison
Dec 31, 2024