Nextera Energy Inc (NEE)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 190,144,000 | 177,489,000 | 158,935,000 | 140,912,000 | 127,684,000 |
| Total stockholders’ equity | US$ in thousands | 50,101,000 | 47,468,000 | 39,229,000 | 37,202,000 | 36,513,000 |
| Financial leverage ratio | 3.80 | 3.74 | 4.05 | 3.79 | 3.50 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $190,144,000K ÷ $50,101,000K
= 3.80
Nextera Energy Inc's financial leverage ratio has shown a slight increase over the past five years, from 3.50 in 2020 to 3.80 in 2024. This indicates that the company's reliance on debt to finance its operations and growth has also increased during this period. However, it is worth noting that the ratio fluctuated during this period, reaching a peak of 4.05 in 2022 before declining to 3.74 in 2023. Overall, the trend suggests that Nextera Energy Inc has been gradually taking on more debt relative to its equity, which could potentially increase its financial risk and interest expenses. It is important for stakeholders to monitor this trend and assess the company's ability to manage its debt levels effectively in the future.
Peer comparison
Dec 31, 2024