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NextEra Energy (NextEra Energy) Effective Interest Rate on Debt % : 1.69% (As of Mar. 2024)


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What is NextEra Energy Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. NextEra Energy's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,292 Mil. NextEra Energy's average total debt for the quarter that ended in Mar. 2024 was $76,574 Mil. Therefore, NextEra Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.69%.


NextEra Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for NextEra Energy's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NextEra Energy Effective Interest Rate on Debt % Chart

NextEra Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.60 4.30 2.47 0.98 4.81

NextEra Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.98 0.76 0.14 10.81 1.69

Competitive Comparison of NextEra Energy's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, NextEra Energy's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NextEra Energy's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NextEra Energy's Effective Interest Rate on Debt % falls into.



NextEra Energy Effective Interest Rate on Debt % Calculation

NextEra Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -3324/( (64966+73211)/ 2 )
=-1  *  -3324/69088.5
=4.81 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55256 + 9710
=64966

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=61405 + 11806
=73211

NextEra Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -1292/( (73211+79937)/ 2 )
=-1  *  -1292/76574
=1.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=61405 + 11806
=73211

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=65868 + 14069
=79937

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


NextEra Energy  (NYSE:NEE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


NextEra Energy Effective Interest Rate on Debt % Related Terms

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NextEra Energy (NextEra Energy) Business Description

Address
700 Universe Boulevard, Juno Beach, FL, USA, 33408
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.
Executives
Armando Jr Pimentel other: President & CEO of Sub C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408
Nicole S Arnaboldi director 700 UNIVERSE BLVD., JUNO BEACH FL 33408
Maria Henry director C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515
Kirk S Hachigian director C/O COOPER INDUSTRIES INC, 600 TRAVIS STE 5800, HOUSTON TX 77002
James Lawrence Camaren director C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Robert Coffey officer: EVP, Nuclear Div & CNO 700 UNIVERSE BLVD, JUNO BEACH FL 33408
John W Ketchum officer: EVP, Finance & CFO 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Deborah L Stahlkopf director C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
David L Porges director 700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Crews Terrell Kirk Ii officer: VP, Controller and CAO 700 UNIVERSE BLVD, JUNO BEACH FL 33408
John A Stall director C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Amy B Lane director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Michael Dunne officer: Treasurer 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Mark Lemasney officer: EVP Power Generation Div., other: EVP Power Generation Div-Sub 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Miguel Arechabala officer: EVP, Power Generation Division, other: EVP, Power Generation Div-Sub 700 UNIVERSE BLVD, JUNO BEACH FL 33408