Nextera Energy Inc (NEE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.74 | 3.65 | 3.76 | 3.85 | 4.05 | 4.05 | 4.17 | 4.04 | 3.79 | 3.80 | 3.66 | 3.54 | 3.50 | 3.39 | 3.29 | 3.31 | 3.18 | 3.12 | 3.17 | 3.19 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $177,489,000K ÷ $47,468,000K
= 3.74
NextEra Energy Inc's financial leverage ratio has shown a fluctuating trend over the recent quarters. The ratio was highest in Q1 2022 at 4.17 and has since decreased to 3.74 in Q4 2023. This indicates that the company has been reducing its financial leverage over time. A high financial leverage ratio suggests that a company relies more on debt to finance its operations, which can increase financial risk. Conversely, a lower ratio indicates a lower reliance on debt financing, potentially signaling a more stable financial position. The decreasing trend in NextEra Energy Inc's financial leverage ratio may be seen as a positive sign of improved financial stability and risk management. However, it is important to continue monitoring this ratio in conjunction with other financial metrics to assess the overall financial health of the company.
Peer comparison
Dec 31, 2023