Nextera Energy Inc (NEE)

Current 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
Total current assets	US$ in thousands	15,361,000	14,244,000	13,122,000	13,549,000	13,490,000	12,891,000	14,332,000	10,988,000	9,288,000	9,572,000	8,061,000	8,237,000	7,382,000	9,026,000	7,581,000	9,725,000	7,408,000	7,679,000	7,471,000	8,222,000
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
Current ratio		0.55	0.50	0.53	0.53	0.51	0.46	0.53	0.49	0.53	0.47	0.48	0.52	0.47	0.57	0.61	0.71	0.53	0.58	0.52	0.46

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $15,361,000K ÷ $27,963,000K
= 0.55

NextEra Energy Inc's current ratio has been fluctuating over the past quarters, ranging from 0.46 to 0.55. Generally, a higher current ratio indicates that the company has more current assets to cover its current liabilities. The current ratio below 1 indicates that NextEra Energy may have difficulties meeting its short-term obligations with its current assets alone.

The downward trend observed from Q3 2022 to Q1 2023 suggests that the company's current liabilities may be increasing relative to its current assets during this period. However, there was a slight improvement in Q4 2023 compared to the previous quarter. It is important for NextEra Energy to closely monitor and manage its current assets and liabilities to ensure it maintains a healthy level of liquidity to meet its short-term obligations.