Nextera Energy Inc (NEE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,487,000 | 2,690,000 | 1,601,000 | 639,000 | 1,105,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 5,728,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 25,355,000 | 27,963,000 | 26,695,000 | 17,437,000 | 15,558,000 |
| Quick ratio | 0.06 | 0.10 | 0.06 | 0.04 | 0.44 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,487,000K
+ $—K
+ $—K)
÷ $25,355,000K
= 0.06
The quick ratio of Nextera Energy Inc has shown a declining trend over the years, starting at 0.44 as of December 31, 2020, and decreasing to 0.04 as of December 31, 2021. This sharp decrease indicates potential liquidity concerns as the company may not have sufficient liquid assets to cover its current liabilities in the short term. However, there has been a slight improvement in the quick ratio to 0.06 as of December 31, 2022 and 0.10 as of December 31, 2023, suggesting a better position to meet short-term obligations. Nevertheless, the ratio dropped back to 0.06 as of December 31, 2024. Overall, the quick ratio indicates varying levels of liquidity risk for Nextera Energy Inc over the years, highlighting the importance of monitoring its ability to meet short-term obligations with readily available assets.
Peer comparison
Dec 31, 2024