NextEra Energy Partners Balance Sheet Health
Financial Health criteria checks 4/6
NextEra Energy Partners has a total shareholder equity of $14.8B and total debt of $5.3B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are $23.1B and $8.3B respectively. NextEra Energy Partners's EBIT is $161.0M making its interest coverage ratio -0.2. It has cash and short-term investments of $235.0M.
Key information
35.9%
Debt to equity ratio
US$5.30b
Debt
Interest coverage ratio | -0.2x |
Cash | US$235.00m |
Equity | US$14.77b |
Total liabilities | US$8.28b |
Total assets | US$23.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1N6's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 1N6's short term assets ($1.9B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: 1N6's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: 1N6's debt to equity ratio has reduced from 194.1% to 35.9% over the past 5 years.
Debt Coverage: 1N6's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 1N6 earns more interest than it pays, so coverage of interest payments is not a concern.