NextEra Energy Partners LP (NextEra Energy Partners LP) Debt-to-Equity

: 1.76 (As of Dec. 2023)

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NextEra Energy Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,348 Mil. NextEra Energy Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,941 Mil. NextEra Energy Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,569 Mil. NextEra Energy Partners LP's debt to equity for the quarter that ended in Dec. 2023 was 1.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for NextEra Energy Partners LP's Debt-to-Equity or its related term are showing as below:

NEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.44 Med: 1.84 Max: 3.71
Current: 1.76

During the past 12 years, the highest Debt-to-Equity Ratio of NextEra Energy Partners LP was 3.71. The lowest was 1.44. And the median was 1.84.

NEP's Debt-to-Equity is ranked worse than
73.13% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.83 vs NEP: 1.76

NextEra Energy Partners LP Debt-to-Equity Historical Data

The historical data trend for NextEra Energy Partners LP's Debt-to-Equity 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.

* Premium members only.

NextEra Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.90

1.44

1.79

1.59

1.76

NextEra Energy Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.59	1.57	1.82	1.83	1.76

Competitive Comparison

For the Utilities - Renewable subindustry, NextEra Energy Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Partners LP Debt-to-Equity Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, NextEra Energy Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NextEra Energy Partners LP's Debt-to-Equity falls into.

NextEra Energy Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NextEra Energy Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1348	+	4941)	/	3569
	=	1.76

NextEra Energy Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1348	+	4941)	/	3569
	=	1.76

NextEra Energy Partners LP (NYSE:NEP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

NextEra Energy Partners LP Debt-to-Equity Related Terms

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NextEra Energy Partners LP (NextEra Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » NextEra Energy Partners LP (NYSE:NEP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Universe Boulevard, Juno Beach, FL, USA, 33408

Website

http://www.nexteraenergypartners.com

NextEra Energy Partners LP is formed to acquire, manage and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry technology and are in regions that are favorable for generating energy from the wind and sun. Its natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. Renewable energy sales generate maximum revenue for the company.

Executives

Peter H Kind	director	ONE LEADERSHIP SQUARE, 211 NORTH ROBINSON AVENUE, OKLAHOMA CITY OK 73102
Michael Dunne	officer: Treasurer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Crews Terrell Kirk Ii	officer: Chief Financial Officer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
James Michael May	officer: Controller/CAO	700 UNIVERSE BLVD, JUNO BEACH FL 33408
John W Ketchum	director, officer: President	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Charles E Sieving	officer: General Counsel	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Rebecca J Kujawa	director, officer: Chief Financial Officer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
James L Robo	director, officer: Chairman & CEO	3300 PGA BOULEVARD, SUITE 350, PALM BEACH GARDENS FL 33410
Robert J Byrne	director	C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602
Paul I Cutler	officer: Treasurer & Asst. Sec	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Mark E Hickson	director, officer: EVP, Strategy & Corp Dev	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Susan D Austin	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Armando Jr Pimentel	director, officer: President of GP	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408
James N. Suciu	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Nextera Energy Partners, Lp	director	700 UNIVERSE BOULEVARD, JUNO BEACH FL 33408