Nextera Other Current Liab vs Cash And Short Term Investments Analysis

NEP Stock

USD 32.92 0.51 1.53%

Nextera Energy financial indicator trend analysis is infinitely more than just investigating Nextera Energy Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextera Energy Partners is a good investment. Please check the relationship between Nextera Energy Other Current Liab and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextera Energy Partners Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nextera Energy's Other Current Liab and Cash And Short Term Investments is 0.71. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Nextera Energy Partners, assuming nothing else is changed. The correlation between historical values of Nextera Energy's Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Nextera Energy Partners are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Nextera Energy's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nextera Energy Partners balance sheet. This account contains Nextera Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nextera Energy Partners fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Nextera Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextera Energy Partners current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.At this time, Nextera Energy's Selling General Administrative is relatively stable compared to the past year. As of 06/07/2024, Issuance Of Capital Stock is likely to grow to about 330.8 M, while Tax Provision is likely to drop slightly above 8.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	47M	853M	394M	320.6M
Depreciation And Amortization	405M	573M	603M	633.2M

Interest Expense Depreciation And Amortization

Nextera Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.93	0.65	0.78	0.21	0.56	0.99	0.88	0.93	0.21	0.66	0.85	1.0	0.78	0.51	0.91	0.85	0.78	0.93	0.04	0.9	0.78	0.75	-0.67	0.94	0.86
Short Long Term Debt Total	0.93		0.66	0.73	0.21	0.72	0.94	0.84	1.0	0.02	0.49	0.93	0.94	0.71	0.39	0.97	0.93	0.72	0.9	-0.04	0.97	0.77	0.66	-0.67	0.99	0.84
Other Current Liab	0.65	0.66		0.51	0.09	0.74	0.67	0.51	0.66	0.28	0.36	0.71	0.65	0.57	0.33	0.67	0.71	0.49	0.6	-0.16	0.7	0.54	0.65	-0.66	0.71	0.58
Total Current Liabilities	0.78	0.73	0.51		0.64	0.59	0.81	0.91	0.73	0.4	0.54	0.68	0.77	0.93	0.24	0.65	0.68	0.96	0.73	-0.34	0.63	0.91	0.75	-0.69	0.71	0.94
Total Stockholder Equity	0.21	0.21	0.09	0.64		0.39	0.25	0.55	0.21	0.37	-0.09	0.24	0.19	0.69	0.04	0.08	0.24	0.7	0.15	-0.27	0.1	0.73	0.36	-0.31	0.16	0.59
Other Liab	0.56	0.72	0.74	0.59	0.39		0.61	0.62	0.72	0.14	0.17	0.79	0.56	0.68	0.19	0.71	0.79	0.62	0.5	-0.33	0.76	0.73	0.66	-0.73	0.74	0.7
Property Plant And Equipment Net	0.99	0.94	0.67	0.81	0.25	0.61		0.88	0.94	0.2	0.64	0.88	0.99	0.81	0.46	0.9	0.88	0.79	0.93	-0.05	0.9	0.79	0.79	-0.7	0.94	0.87
Current Deferred Revenue	0.88	0.84	0.51	0.91	0.55	0.62	0.88		0.84	0.23	0.5	0.78	0.88	0.93	0.44	0.8	0.78	0.93	0.84	-0.01	0.78	0.95	0.79	-0.66	0.82	0.99
Net Debt	0.93	1.0	0.66	0.73	0.21	0.72	0.94	0.84		0.02	0.5	0.92	0.94	0.71	0.39	0.97	0.92	0.72	0.91	-0.04	0.97	0.77	0.65	-0.66	0.99	0.83
Retained Earnings	0.21	0.02	0.28	0.4	0.37	0.14	0.2	0.23	0.02		0.41	0.05	0.19	0.39	0.36	0.0	0.05	0.46	0.02	-0.27	0.02	0.36	0.23	-0.55	0.09	0.3
Accounts Payable	0.66	0.49	0.36	0.54	-0.09	0.17	0.64	0.5	0.5	0.41		0.32	0.66	0.47	0.2	0.58	0.32	0.56	0.49	-0.15	0.53	0.41	0.52	-0.54	0.57	0.5
Cash	0.85	0.93	0.71	0.68	0.24	0.79	0.88	0.78	0.92	0.05	0.32		0.85	0.71	0.33	0.88	1.0	0.67	0.82	-0.14	0.89	0.73	0.72	-0.63	0.91	0.8
Non Current Assets Total	1.0	0.94	0.65	0.77	0.19	0.56	0.99	0.88	0.94	0.19	0.66	0.85		0.77	0.52	0.92	0.85	0.77	0.94	0.06	0.91	0.77	0.74	-0.67	0.94	0.86
Non Currrent Assets Other	0.78	0.71	0.57	0.93	0.69	0.68	0.81	0.93	0.71	0.39	0.47	0.71	0.77		0.31	0.65	0.71	0.96	0.68	-0.22	0.65	0.96	0.88	-0.68	0.71	0.96
Other Assets	0.51	0.39	0.33	0.24	0.04	0.19	0.46	0.44	0.39	0.36	0.2	0.33	0.52	0.31		0.4	0.33	0.28	0.54	0.53	0.44	0.37	0.23	-0.53	0.43	0.39
Long Term Debt	0.91	0.97	0.67	0.65	0.08	0.71	0.9	0.8	0.97	0.0	0.58	0.88	0.92	0.65	0.4		0.88	0.67	0.87	0.03	0.99	0.71	0.64	-0.67	0.99	0.79
Cash And Short Term Investments	0.85	0.93	0.71	0.68	0.24	0.79	0.88	0.78	0.92	0.05	0.32	1.0	0.85	0.71	0.33	0.88		0.67	0.82	-0.14	0.89	0.73	0.72	-0.63	0.91	0.8
Net Receivables	0.78	0.72	0.49	0.96	0.7	0.62	0.79	0.93	0.72	0.46	0.56	0.67	0.77	0.96	0.28	0.67	0.67		0.66	-0.26	0.66	0.97	0.76	-0.71	0.72	0.96
Common Stock Shares Outstanding	0.93	0.9	0.6	0.73	0.15	0.5	0.93	0.84	0.91	0.02	0.49	0.82	0.94	0.68	0.54	0.87	0.82	0.66		0.1	0.85	0.7	0.65	-0.61	0.89	0.81
Short Term Investments	0.04	-0.04	-0.16	-0.34	-0.27	-0.33	-0.05	-0.01	-0.04	-0.27	-0.15	-0.14	0.06	-0.22	0.53	0.03	-0.14	-0.26	0.1		0.01	-0.15	-0.23	0.34	-0.05	-0.13
Non Current Liabilities Total	0.9	0.97	0.7	0.63	0.1	0.76	0.9	0.78	0.97	0.02	0.53	0.89	0.91	0.65	0.44	0.99	0.89	0.66	0.85	0.01		0.72	0.66	-0.71	0.99	0.78
Inventory	0.78	0.77	0.54	0.91	0.73	0.73	0.79	0.95	0.77	0.36	0.41	0.73	0.77	0.96	0.37	0.71	0.73	0.97	0.7	-0.15	0.72		0.75	-0.72	0.76	0.97
Other Current Assets	0.75	0.66	0.65	0.75	0.36	0.66	0.79	0.79	0.65	0.23	0.52	0.72	0.74	0.88	0.23	0.64	0.72	0.76	0.65	-0.23	0.66	0.75		-0.61	0.7	0.81
Other Stockholder Equity	-0.67	-0.67	-0.66	-0.69	-0.31	-0.73	-0.7	-0.66	-0.66	-0.55	-0.54	-0.63	-0.67	-0.68	-0.53	-0.67	-0.63	-0.71	-0.61	0.34	-0.71	-0.72	-0.61		-0.74	-0.72
Total Liab	0.94	0.99	0.71	0.71	0.16	0.74	0.94	0.82	0.99	0.09	0.57	0.91	0.94	0.71	0.43	0.99	0.91	0.72	0.89	-0.05	0.99	0.76	0.7	-0.74		0.83
Property Plant And Equipment Gross	0.86	0.84	0.58	0.94	0.59	0.7	0.87	0.99	0.83	0.3	0.5	0.8	0.86	0.96	0.39	0.79	0.8	0.96	0.81	-0.13	0.78	0.97	0.81	-0.72	0.83

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Nextera Energy Account Relationship Matchups

Nextera Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.3B	12.6B	18.9B	23.1B	22.5B	11.7B
Short Long Term Debt Total	4.1B	3.4B	5.3B	5.3B	6.3B	4.1B
Other Current Liab	48M	82M	91M	225M	164M	98.7M
Total Current Liabilities	301M	350M	1.3B	1.3B	1.7B	1.8B
Other Liab	299M	347M	639M	1.7B	1.9B	2.0B
Property Plant And Equipment Net	7.0B	7.2B	11.4B	15.0B	14.8B	7.7B
Current Deferred Revenue	119M	113M	155M	195M	224.3M	235.5M
Net Debt	4.0B	3.3B	5.2B	5.1B	6.0B	3.9B
Retained Earnings	(3.8B)	(2.4B)	(4.2B)	1.1B	1.0B	1.1B
Accounts Payable	122M	143M	982M	868M	159M	236.0M
Non Current Assets Total	11.8B	12.1B	17.5B	21.2B	20.3B	10.9B
Non Currrent Assets Other	137M	131M	272M	702M	751M	788.6M
Other Assets	255M	2.8B	594M	897M	1.0B	584.0M
Long Term Debt	4.1B	3.4B	5.3B	5.3B	4.9B	3.8B
Net Receivables	269M	266M	1.2B	1.3B	1.8B	1.8B
Common Stock Shares Outstanding	58.8M	68.4M	77.4M	84.9M	91.6M	57.5M
Short Term Investments	10M	7M	1.8B	1M	1.2M	1.1M
Liabilities And Stockholders Equity	10.1B	10.2B	16.0B	19.7B	22.5B	23.6B
Non Current Liabilities Total	4.9B	4.5B	6.5B	6.9B	6.8B	4.8B
Inventory	20M	24M	41M	51M	82M	86.1M
Other Current Assets	36M	16M	25M	201M	107M	112.4M
Other Stockholder Equity	2.0B	(2.4B)	(3.0B)	(3.3B)	(3.0B)	(2.8B)
Total Liab	5.2B	4.9B	7.8B	8.3B	8.5B	5.5B
Property Plant And Equipment Gross	7.0B	7.2B	11.4B	14.9B	17.3B	18.2B
Total Current Assets	433M	414M	1.4B	1.9B	2.2B	2.3B
Property Plant Equipment	7.0B	7.2B	11.4B	14.9B	17.2B	18.1B
Net Tangible Assets	7.1B	7.7B	(714M)	14.8B	17.0B	17.8B
Long Term Investments	1.7B	1.8B	1.9B	1.9B	1.9B	1.1B
Intangible Assets	2.3B	2.2B	2.8B	2.5B	2.0B	1.7B
Common Stock	2.0B	2.4B	3.0B	3.3B	3.6B	2.3B
Long Term Debt Total	4.1B	3.4B	5.3B	5.3B	6.0B	4.4B
Non Current Liabilities Other	4.9B	4.5B	372M	1.3B	1.5B	2.7B

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Nextera Other Current Liab vs Cash And Short Term Investments Analysis

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Liab

Cash And Short Term Investments

Nextera Energy fundamental ratios Correlations

Nextera Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nextera Energy fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Nextera Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Total Liab	- 0.74	Other Stockholder Equity
Other Stockholder Equity	- 0.73	Other Liab
Property Plant And Equipment Gross	- 0.72	Other Stockholder Equity
Other Stockholder Equity	- 0.72	Inventory
Other Stockholder Equity	- 0.71	Non Current Liabilities Total
Other Stockholder Equity	- 0.71	Net Receivables