NextEra Energy Partners, LP

NYSE:NEP Stock Report

Market Cap: US$1.6b

NextEra Energy Partners Balance Sheet Health

Financial Health criteria checks 3/6

NextEra Energy Partners has a total shareholder equity of $13.6B and total debt of $5.2B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are $20.9B and $7.3B respectively. NextEra Energy Partners's EBIT is $31.0M making its interest coverage ratio 0.2. It has cash and short-term investments of $290.0M.

Key information

38.0%

Debt to equity ratio

US$5.17b

Debt

Interest coverage ratio0.2x
CashUS$290.00m
EquityUS$13.60b
Total liabilitiesUS$7.30b
Total assetsUS$20.90b

Recent financial health updates

No updates

Recent updates

NextEra Energy Partners: 3 Reasons We Are Upgrading To A Strong Cry

Nov 12

NextEra Energy Partners: 60% Distribution Cut Coming To A Theater Near You

Oct 23

NextEra Energy Partners Is A Big Play On Renewables Yielding 14.52%

Oct 11

NextEra Energy And NextEra Energy Partners: The Weather Blows Favorable Tailwinds

Sep 25

NextEra Energy Partners: Massive 15% Yield And A Growing Dividend

Sep 05

NextEra Energy Partners: The Fed Could Save The 14% Dividend Yield

Aug 05

NextEra Energy Partners: Atlantica Sustainable Buyout Shows Big Downside Lies Ahead

Jul 02

NextEra Energy Partners: Lower Solar Panel Prices May Offset Higher Borrowing Costs, Improving Growth Outlook

May 29

I Bought The Dip And It's Paying 12%: NextEra Energy LP

May 06

NextEra Energy Partners: Lower For Longer

Apr 17

NextEra Energy Partners: Tempting, But A Far Cry From A Buy

Mar 15

NextEra Energy Partners: Unique Opportunity, 12% Yield And Distribution Growth

Feb 14

NextEra Energy Partners Yields 12%, But Buyers Beware As Risks Lurk

Jan 15

NextEra Energy Partners: Time To Be Greedy Now (Rating Upgrade)

Dec 07

NextEra Energy Partners: Investors Are Too Fearful Of This 15% Yield

Nov 30

NextEra Energy Partners: Long-Term Growth Potential Likely

Nov 21

NextEra Energy Partners: A Fat 14.7% Yield In Front Of A Steamroller?

Nov 13

NextEra Energy Partners: Outlook May Be Cut But Some Value Is Still Present

Oct 20

NextEra Energy Partners: Recovery Potential For This Oversold 15% Yielding Energy Stock

Oct 13

NextEra Energy Partners' Growth Has Been Stalled By Higher Rates: Time To Move On

Oct 04

NextEra Energy Partners: Resetting Growth Expectations (Rating Downgrade)

Sep 27

NEP And O: Opportunity In 2 Quality Dividend Growers

Aug 30

NextEra Energy Partners: Is The 6.3% Yield Still Safe?

Aug 03

NextEra Energy Partners: Strong Financials Coupled With Promising Market Bring Benefits

Jul 09

NextEra Energy: A Long-Term Hold Until It Fully Commits To Renewables

Jun 07

NextEra Energy Partners goes ex dividend tomorrow

Feb 02

NextEra Energy Partners Q4 2022 Earnings Preview

Jan 24

NextEra Energy Partners announces $500M in convertible senior notes due 2026

Dec 08

NextEra Energy Partners raises dividend by 3.3% to $0.7875

Oct 24

Is NextEra Energy Partners Worth Considering? I Believe So

Oct 04

NextEra Energy Partners: The Growth Story Just Keeps Getting Better

Jul 21

NextEra Energy Partners Is A Buy; Don't Worry About The Tariff Investigations

May 06

Financial Position Analysis

Short Term Liabilities: NEP's short term assets ($852.0M) exceed its short term liabilities ($422.0M).

Long Term Liabilities: NEP's short term assets ($852.0M) do not cover its long term liabilities ($6.9B).


Debt to Equity History and Analysis

Debt Level: NEP's net debt to equity ratio (35.9%) is considered satisfactory.

Reducing Debt: NEP's debt to equity ratio has reduced from 77.4% to 38% over the past 5 years.

Debt Coverage: NEP's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: NEP's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet


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