Nextera Energy Inc (NEE)

Debt-to-assets 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
Long-term debt	US$ in thousands	61,405,000	59,183,000	60,982,000	59,007,000	55,256,000	54,670,000	53,382,000	50,974,000	50,960,000	48,092,000	47,559,000	46,065,000	41,944,000	42,794,000	42,667,000	41,116,000	37,543,000	36,144,000	33,947,000	29,883,000
Total assets	US$ in thousands	177,489,000	171,674,000	168,275,000	165,357,000	158,935,000	156,409,000	151,770,000	144,945,000	140,912,000	139,163,000	135,013,000	132,441,000	127,684,000	126,382,000	121,961,000	120,637,000	117,691,000	114,222,000	110,552,000	109,029,000
Debt-to-assets ratio		0.35	0.34	0.36	0.36	0.35	0.35	0.35	0.35	0.36	0.35	0.35	0.35	0.33	0.34	0.35	0.34	0.32	0.32	0.31	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $61,405,000K ÷ $177,489,000K
= 0.35

NextEra Energy Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.41 to 0.43. The ratio indicates that, on average, around 41-43% of the company's assets are financed by debt. This suggests that NextEra Energy is not heavily reliant on debt to fund its operations and investments. A lower debt-to-assets ratio is generally favorable as it implies lower financial risk and better solvency. However, it is essential to consider the industry norms and the company's overall financial health when evaluating the significance of this ratio. In this case, NextEra Energy's consistent and moderate debt-to-assets ratio indicates a prudent approach to capital structure management.