Nextera Energy Inc (NEE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,951,000 | 12,180,000 | 12,803,000 | 12,680,000 | 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 |
| 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 |
| Current ratio | 0.47 | 0.41 | 0.49 | 0.51 | 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 |
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 a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
The current ratio has peaked at 0.71 on March 31, 2020, and has since experienced a general downward trend, reaching its lowest point of 0.41 on September 30, 2024. This suggests a potential liquidity concern as the company may have difficulties meeting its short-term obligations with its current assets.
While the current ratio has shown some improvement from the low in 2024, it is essential for Nextera Energy Inc to closely monitor and manage its current assets and liabilities to ensure a healthy liquidity position in the future. An optimal current ratio is typically considered to be around 2, indicating that the company may need to work towards increasing its current assets or reducing its current liabilities to strengthen its liquidity position.
Peer comparison
Dec 31, 2024