NextEra Energy (WBO:NEE) Debt-to-Equity : 1.65 (As of Sep. 2024)

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What is NextEra Energy Debt-to-Equity?

NextEra Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €15,017 Mil. NextEra Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €59,556 Mil. NextEra Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €45,096 Mil. NextEra Energy's debt to equity for the quarter that ended in Sep. 2024 was 1.65.

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's Debt-to-Equity or its related term are showing as below:

WBO:NEE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 1.38 Max: 1.75
Current: 1.65

During the past 13 years, the highest Debt-to-Equity Ratio of NextEra Energy was 1.75. The lowest was 0.95. And the median was 1.38.

WBO:NEE's Debt-to-Equity is ranked worse than
79.41% of 471 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs WBO:NEE: 1.65

NextEra Energy Debt-to-Equity Historical Data

The historical data trend for NextEra Energy'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 Debt-to-Equity Chart

NextEra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.15

1.32

1.47

1.66

1.54

NextEra Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.56	1.54	1.64	1.68	1.65

Competitive Comparison of NextEra Energy's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, NextEra Energy'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's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Debt-to-Equity distribution charts can be found below:

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

NextEra Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NextEra Energy'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
	=	(10826.102	+	56308.385)	/	43528.156
	=	1.54

NextEra Energy's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(15016.967	+	59556.1)	/	45095.951
	=	1.65

NextEra Energy (WBO:NEE) 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 Debt-to-Equity Related Terms

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NextEra Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NextEra Energy Inc (WBO:NEE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NEE:USA NEE:Peru NEE:Mexico 1NEE:Italy 0K80:UK FP3:Germany FP3:Germany NEXT34:Brazil

Address

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

Website

https://www.nexteraenergy.com

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 34 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 34 GW of generation capacity, including natural gas, nuclear, wind, and solar.