Nextera Energy Inc (NEE)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	47,468,000	47,095,000	44,793,000	42,896,000	39,229,000	38,629,000	36,439,000	35,887,000	37,202,000	36,649,000	36,932,000	37,378,000	36,513,000	37,287,000	37,073,000	36,403,000	37,005,000	36,592,000	34,910,000	34,226,000
Debt-to-capital ratio		0.56	0.56	0.58	0.58	0.58	0.59	0.59	0.59	0.58	0.57	0.56	0.55	0.53	0.53	0.54	0.53	0.50	0.50	0.49	0.47

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $61,405,000K ÷ ($61,405,000K + $47,468,000K)
= 0.56

NextEra Energy Inc's debt-to-capital ratio has been relatively consistent over the past eight quarters, ranging between 0.61 and 0.64. The trend shows that the company has maintained a stable level of debt in relation to its capital structure, with the ratio hovering around the 0.62 mark for the majority of the periods. This indicates that NextEra Energy Inc relies moderately on debt financing to fund its operations and growth initiatives, while also having a significant portion of its capital composed of equity. Overall, the stability of the debt-to-capital ratio suggests a balanced approach to capital structure management by NextEra Energy Inc.