Nextera Energy Inc (NEE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,690,000 | 1,568,000 | 1,577,000 | 2,275,000 | 1,601,000 | 2,508,000 | 2,861,000 | 1,477,000 | 639,000 | 692,000 | 884,000 | 1,462,000 | 1,105,000 | 1,961,000 | 1,009,000 | 3,335,000 | 600,000 | 1,131,000 | 1,019,000 | 972,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 5,942,000 | 5,907,000 | — | 5,728,000 | 7,144,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 4,553,000 | 4,961,000 | 4,594,000 | 3,932,000 | 5,187,000 | 5,329,000 | 5,131,000 | 4,291,000 | 4,221,000 | 3,858,000 | 3,402,000 | 3,286,000 | 3,042,000 | 3,277,000 | 2,867,000 | 2,621,000 | 2,807,000 | 3,330,000 | 3,121,000 | 2,974,000 |
| 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 |
| Quick ratio | 0.26 | 0.23 | 0.25 | 0.24 | 0.25 | 0.28 | 0.30 | 0.26 | 0.28 | 0.51 | 0.61 | 0.30 | 0.63 | 0.79 | 0.31 | 0.43 | 0.25 | 0.34 | 0.29 | 0.22 |
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 fluctuated over the past eight quarters, ranging between 0.40 and 0.47. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio below 1 indicates that the company may have difficulty meeting its immediate liabilities using only its liquid assets. NextEra Energy Inc's quick ratio has generally remained below 1, suggesting potential liquidity challenges in meeting short-term obligations without relying on inventory.
Despite some variability, the quick ratio has not shown a clear trend over the periods analyzed. It is important to further investigate the company's liquidity position and assess the reasons behind the fluctuations in the quick ratio to better understand NextEra Energy Inc's financial health and ability to manage short-term obligations.
Peer comparison
Dec 31, 2023