NextEra Energy Balance Sheet Health
Financial Health criteria checks 1/6
NextEra Energy has a total shareholder equity of $49.4B and total debt of $65.0B, which brings its debt-to-equity ratio to 131.4%. Its total assets and total liabilities are $158.9B and $109.5B respectively. NextEra Energy's EBIT is $3.8B making its interest coverage ratio 6.4. It has cash and short-term investments of $1.6B.
Key information
131.4%
Debt to equity ratio
US$64.97b
Debt
Interest coverage ratio | 6.4x |
Cash | US$1.60b |
Equity | US$49.44b |
Total liabilities | US$109.50b |
Total assets | US$158.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FP3's short term assets ($13.5B) do not cover its short term liabilities ($26.7B).
Long Term Liabilities: FP3's short term assets ($13.5B) do not cover its long term liabilities ($82.8B).
Debt to Equity History and Analysis
Debt Level: FP3's net debt to equity ratio (128.2%) is considered high.
Reducing Debt: FP3's debt to equity ratio has increased from 118.6% to 131.4% over the past 5 years.
Debt Coverage: FP3's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: FP3's interest payments on its debt are well covered by EBIT (6.4x coverage).