NextEra Energy Balance Sheet Health
Financial Health criteria checks 1/6
NextEra Energy has a total shareholder equity of $59.4B and total debt of $79.9B, which brings its debt-to-equity ratio to 134.6%. Its total assets and total liabilities are $180.0B and $120.6B respectively. NextEra Energy's EBIT is $9.1B making its interest coverage ratio 3.7. It has cash and short-term investments of $1.6B.
Key information
134.6%
Debt to equity ratio
US$79.94b
Debt
Interest coverage ratio | 3.7x |
Cash | US$1.64b |
Equity | US$59.39b |
Total liabilities | US$120.56b |
Total assets | US$179.95b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FP3's short term assets ($12.7B) do not cover its short term liabilities ($24.8B).
Long Term Liabilities: FP3's short term assets ($12.7B) do not cover its long term liabilities ($95.8B).
Debt to Equity History and Analysis
Debt Level: FP3's net debt to equity ratio (131.8%) is considered high.
Reducing Debt: FP3's debt to equity ratio has increased from 106.1% to 134.6% over the past 5 years.
Debt Coverage: FP3's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: FP3's interest payments on its debt are well covered by EBIT (3.7x coverage).