NextEra Energy (WBO:NEE) Interest Expense : €-2,262 Mil (TTM As of Mar. 2024)

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What is NextEra Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextEra Energy's interest expense for the three months ended in Mar. 2024 was € -297 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2,262 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NextEra Energy's Operating Income for the three months ended in Mar. 2024 was € 1,799 Mil. NextEra Energy's Interest Expense for the three months ended in Mar. 2024 was € -297 Mil. NextEra Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 6.05. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NextEra Energy Interest Expense Historical Data

The historical data trend for NextEra Energy's Interest Expense 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 Interest Expense Chart

NextEra Energy Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,024.10

-1,602.90

-1,123.95

-552.24

-3,048.11

NextEra Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1,104.92	-124.61	-24.36	-1,815.66	-297.16

NextEra Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2,262 Mil.

NextEra Energy (WBO:NEE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NextEra Energy's Interest Expense for the three months ended in Mar. 2024 was €-297 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1,799 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €60,599 Mil.

NextEra Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1798.6	/	-297.16
	=	6.05

The higher the ratio, the stronger the company's financial strength is.

NextEra Energy (WBO:NEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NextEra Energy Inc (WBO:NEE) » Definitions » Interest Expense

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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 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.