Nextera Energy Inc (NEE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,951,000 | 15,361,000 | 13,490,000 | 9,288,000 | 7,382,000 |
| Total current liabilities | US$ in thousands | 25,355,000 | 27,963,000 | 26,695,000 | 17,437,000 | 15,558,000 |
| Current ratio | 0.47 | 0.55 | 0.51 | 0.53 | 0.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,951,000K ÷ $25,355,000K
= 0.47
Nextera Energy Inc's current ratio has shown some variation over the five-year period from December 31, 2020, to December 31, 2024. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, increased from 0.47 in 2020 to 0.53 in 2021, indicating a slight improvement in liquidity. However, the ratio dipped to 0.51 in 2022, before rising again to 0.55 in 2023, suggesting better short-term financial health. Nevertheless, by the end of 2024, the current ratio dropped back to 0.47, potentially signaling a decreased ability to meet short-term obligations with current assets. Overall, while there have been fluctuations in Nextera Energy Inc's current ratio over the period, the company may need to manage its short-term liquidity more effectively to ensure financial stability.
Peer comparison
Dec 31, 2024