Nextera Energy Inc (NEE)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 600,000 | 1,131,000 | 1,019,000 | 972,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 5,942,000 | 5,907,000 | — | 5,728,000 | 7,144,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 13,853,000 | 13,314,000 | 14,412,000 | 17,926,000 |
| Cash ratio | 0.10 | 0.06 | 0.06 | 0.09 | 0.06 | 0.09 | 0.11 | 0.07 | 0.04 | 0.32 | 0.40 | 0.09 | 0.44 | 0.58 | 0.08 | 0.24 | 0.04 | 0.08 | 0.07 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,690,000K
+ $—K)
÷ $27,963,000K
= 0.10
The cash ratio of NextEra Energy Inc has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the data provided, we can see that the cash ratio has varied between 0.21 and 0.31. In Q4 2023, the cash ratio stands at 0.31, indicating that the company had $0.31 in cash and cash equivalents for every $1 of current liabilities. This shows an improvement from the previous quarter where the cash ratio was 0.25.
The trend over the past two years shows some variability in the cash ratio, with the ratio reaching its lowest point in Q3 2022 at 0.21 and the highest in Q4 2023 at 0.31. Overall, it appears that NextEra Energy Inc has been able to maintain a healthy level of cash reserves relative to its short-term obligations.
It is essential for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023