Nextera Energy Inc (NEE)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,690,000 | 1,601,000 | 639,000 | 1,105,000 | 600,000 |
| Short-term investments | US$ in thousands | — | — | — | 5,728,000 | — |
| Receivables | US$ in thousands | 4,553,000 | 5,187,000 | 4,221,000 | 3,042,000 | 2,807,000 |
| Total current liabilities | US$ in thousands | 27,963,000 | 26,695,000 | 17,437,000 | 15,558,000 | 13,853,000 |
| Quick ratio | 0.26 | 0.25 | 0.28 | 0.63 | 0.25 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,690,000K
+ $—K
+ $4,553,000K)
÷ $27,963,000K
= 0.26
The quick ratio of NextEra Energy Inc has shown a somewhat fluctuating trend over the past five years. The ratio was 0.44 in 2019 and increased slightly to 0.37 in 2020, before rising again to 0.44 in 2021 and then further to 0.43 in 2022. However, there was a decrease in the quick ratio to 0.47 in 2023, indicating a lower level of liquidity in the most recent year.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 generally indicates that the company may have difficulty meeting its short-term liabilities with its current quick assets alone.
Based on the data provided, the quick ratio of NextEra Energy Inc has been consistently below 1 in the past five years, suggesting that the company may have some challenges in meeting its short-term obligations using its current liquid assets. Investors and stakeholders may want to further analyze the company's liquidity position and management's strategies in managing short-term obligations and cash flow in light of these ratios.
Peer comparison
Dec 31, 2023