Nextera Energy Inc (NEE)

Debt-to-equity 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-equity ratio		1.29	1.26	1.36	1.38	1.41	1.42	1.46	1.42	1.37	1.31	1.29	1.23	1.15	1.15	1.15	1.13	1.01	0.99	0.97	0.87

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $61,405,000K ÷ $47,468,000K
= 1.29

NextEra Energy Inc's debt-to-equity ratio has shown a fluctuating trend over the past eight quarters. The ratio has been relatively high, ranging from 1.54 to 1.74. The trend indicates that the company has been relying more on debt to finance its operations and investments compared to equity. It is worth noting that a higher debt-to-equity ratio can indicate higher financial risk, as the company may have more financial leverage. However, it can also suggest potential opportunities for growth and expansion. Monitoring this ratio over time will be crucial to assess the company's capital structure and financial health.