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 ratio | 0.2x |
| Cash | US$290.00m |
| Equity | US$13.60b |
| Total liabilities | US$7.30b |
| Total assets | US$20.90b |
Recent financial health updates
No updates
Recent updates
NextEra Energy Partners: 60% Distribution Cut Coming To A Theater Near You
Oct 23NextEra Energy Partners Is A Big Play On Renewables Yielding 14.52%
Oct 11NextEra Energy And NextEra Energy Partners: The Weather Blows Favorable Tailwinds
Sep 25NextEra Energy Partners: Massive 15% Yield And A Growing Dividend
Sep 05NextEra Energy Partners: The Fed Could Save The 14% Dividend Yield
Aug 05NextEra Energy Partners: Atlantica Sustainable Buyout Shows Big Downside Lies Ahead
Jul 02NextEra Energy Partners: Lower Solar Panel Prices May Offset Higher Borrowing Costs, Improving Growth Outlook
May 29I Bought The Dip And It's Paying 12%: NextEra Energy LP
May 06NextEra Energy Partners: Lower For Longer
Apr 17NextEra Energy Partners: Tempting, But A Far Cry From A Buy
Mar 15NextEra Energy Partners: Unique Opportunity, 12% Yield And Distribution Growth
Feb 14NextEra Energy Partners Yields 12%, But Buyers Beware As Risks Lurk
Jan 15NextEra Energy Partners: Time To Be Greedy Now (Rating Upgrade)
Dec 07NextEra Energy Partners: Investors Are Too Fearful Of This 15% Yield
Nov 30NextEra Energy Partners: Long-Term Growth Potential Likely
Nov 21NextEra Energy Partners: A Fat 14.7% Yield In Front Of A Steamroller?
Nov 13NextEra Energy Partners: Outlook May Be Cut But Some Value Is Still Present
Oct 20NextEra Energy Partners: Recovery Potential For This Oversold 15% Yielding Energy Stock
Oct 13NextEra Energy Partners' Growth Has Been Stalled By Higher Rates: Time To Move On
Oct 04NextEra Energy Partners: Resetting Growth Expectations (Rating Downgrade)
Sep 27NEP And O: Opportunity In 2 Quality Dividend Growers
Aug 30NextEra Energy Partners: Is The 6.3% Yield Still Safe?
Aug 03NextEra Energy Partners: Strong Financials Coupled With Promising Market Bring Benefits
Jul 09NextEra Energy: A Long-Term Hold Until It Fully Commits To Renewables
Jun 07NextEra Energy Partners goes ex dividend tomorrow
Feb 02NextEra Energy Partners Q4 2022 Earnings Preview
Jan 24NextEra Energy Partners announces $500M in convertible senior notes due 2026
Dec 08NextEra Energy Partners raises dividend by 3.3% to $0.7875
Oct 24Is NextEra Energy Partners Worth Considering? I Believe So
Oct 04NextEra Energy Partners: The Growth Story Just Keeps Getting Better
Jul 21NextEra Energy Partners Is A Buy; Don't Worry About The Tariff Investigations
May 06Financial 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).