Nextera Energy Inc (NEE)
Cash ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,487,000 | 2,263,000 | 2,102,000 | 1,642,000 | 2,690,000 | 1,568,000 | 1,577,000 | 2,275,000 | 1,601,000 | 2,508,000 | 2,861,000 | 1,477,000 | 639,000 | 692,000 | 884,000 | 1,462,000 | 1,105,000 | 1,961,000 | 1,009,000 | 3,335,000 |
| Short-term investments | US$ in thousands | — | 1,578,000 | — | — | — | — | — | — | — | 472,000 | — | — | — | 5,942,000 | 5,907,000 | — | 5,728,000 | 7,144,000 | — | — |
| Total current liabilities | US$ in thousands | 25,355,000 | 29,647,000 | 26,231,000 | 24,803,000 | 27,963,000 | 28,496,000 | 24,871,000 | 25,377,000 | 26,695,000 | 27,793,000 | 26,821,000 | 22,423,000 | 17,437,000 | 20,456,000 | 16,818,000 | 15,783,000 | 15,558,000 | 15,712,000 | 12,365,000 | 13,722,000 |
| Cash ratio | 0.06 | 0.13 | 0.08 | 0.07 | 0.10 | 0.06 | 0.06 | 0.09 | 0.06 | 0.11 | 0.11 | 0.07 | 0.04 | 0.32 | 0.40 | 0.09 | 0.44 | 0.58 | 0.08 | 0.24 |
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 of Nextera Energy Inc has shown fluctuations over the reported periods, ranging from a low of 0.04 to a high of 0.58. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents on hand. A higher ratio indicates a company is more capable of meeting its short-term liabilities.
Nextera Energy's cash ratio has generally been low, with values mostly below 0.2. This implies that the company may have limited liquidity to cover its short-term obligations solely with its available cash reserves. It is important for investors and stakeholders to consider other liquidity measures and overall financial health of the company in conjunction with the cash ratio to assess its ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024