Nextera Energy Inc (NEE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Nextera Energy Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently reported at 0.00, signaling that the company has no significant debt obligations in relation to its total assets, capital, or equity.
Furthermore, the Financial Leverage Ratio, which measures the proportion of a company's total assets that is financed by debt, shows a stable trend over the periods analyzed. The ratio has ranged from 3.29 to 4.17, but has generally remained relatively consistent around the 3.70 to 4.20 range. This suggests that Nextera Energy has maintained a conservative capital structure with a moderate level of financial leverage.
Overall, the solvency ratios reflect Nextera Energy's solid financial health and ability to meet its financial obligations, making it a low-risk investment in terms of solvency concerns.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.17 | 1.94 | 2.80 | 4.27 | 3.10 | 5.24 | 4.96 | 3.90 | 4.22 | 4.09 | 2.51 | 0.97 | 2.18 | 1.91 | 2.79 | 5.31 | 2.04 | 2.56 | 1.85 | 1.72 |
Nextera Energy Inc's interest coverage ratio has fluctuated over the period analyzed. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.
As of December 31, 2024, the interest coverage ratio stood at 2.17, suggesting that the company generated sufficient operating income to cover its interest expenses. However, it is essential to note that the interest coverage ratio has experienced some variability in the past, with a range from a low of 0.97 on March 31, 2022, to a high of 5.31 on March 31, 2021.
Overall, Nextera Energy Inc's interest coverage ratio trend indicates that the company has generally been able to meet its interest obligations comfortably in recent quarters, although some fluctuations have been observed. Investors and stakeholders should continue to monitor the interest coverage ratio to assess the company's financial health and ability to service its debt in the future.