Nextera Energy Inc (NEE)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 190,144,000 | 186,013,000 | 184,724,000 | 179,950,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 50,101,000 | 50,051,000 | 49,140,000 | 48,641,000 | 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 |
| Financial leverage ratio | 3.80 | 3.72 | 3.76 | 3.70 | 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 |
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 fluctuating trend over the period from March 31, 2020, to December 31, 2024. The financial leverage ratio measures the company's use of debt to finance its operations, with a higher ratio indicating higher financial risk.
The financial leverage ratio increased from 3.31 on March 31, 2020, to a peak of 4.17 on June 30, 2022, before slightly declining to 3.72 on September 30, 2024. This upward trend indicates that Nextera Energy Inc has been gradually increasing its reliance on debt financing over the years.
However, it is worth noting that the ratio experienced some fluctuations within this period, suggesting varying levels of debt utilization by the company. Overall, the financial leverage ratio of Nextera Energy Inc remains above 3 throughout the period, indicating a significant presence of debt in its capital structure.
Investors and stakeholders should closely monitor this ratio to assess the company's debt management practices and evaluate the associated financial risks.
Peer comparison
Dec 31, 2024