Nextera Net Income vs Capital Expenditures Analysis

NEP Stock

USD 17.86 0.05 0.28%

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 Net Income and its Capital Expenditures 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.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextera Energy Partners Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nextera Energy's Net Income and Capital Expenditures is -0.02. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures 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 Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Nextera Energy Partners are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Nextera Energy's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Nextera Energy Partners financial statement analysis. It represents the amount of money remaining after all of Nextera Energy Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Nextera Energy Partners to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Nextera Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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 12/16/2024, 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	635M	666.8M

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	0.81	0.78	0.21	0.56	0.99	0.88	0.93	0.21	0.6	0.85	1.0	0.77	0.51	0.91	0.85	0.56	0.93	0.04	0.9	0.78	0.57	-0.67	0.94	0.86
Short Long Term Debt Total	0.93		0.73	0.73	0.21	0.72	0.94	0.84	1.0	0.02	0.43	0.93	0.94	0.7	0.39	0.97	0.93	0.59	0.9	-0.04	0.97	0.77	0.39	-0.67	0.99	0.84
Other Current Liab	0.81	0.73		0.62	0.05	0.63	0.82	0.65	0.73	0.43	0.63	0.71	0.81	0.65	0.5	0.77	0.71	0.32	0.72	-0.09	0.78	0.62	0.7	-0.78	0.8	0.69
Total Current Liabilities	0.78	0.73	0.62		0.64	0.59	0.81	0.91	0.73	0.4	0.41	0.68	0.77	0.93	0.24	0.65	0.68	0.84	0.73	-0.34	0.63	0.91	0.42	-0.69	0.71	0.94
Total Stockholder Equity	0.21	0.21	0.05	0.64		0.39	0.25	0.55	0.21	0.37	-0.24	0.24	0.19	0.71	0.04	0.08	0.24	0.82	0.15	-0.27	0.1	0.73	-0.07	-0.31	0.16	0.59
Other Liab	0.56	0.72	0.63	0.59	0.39		0.61	0.62	0.72	0.14	0.08	0.79	0.56	0.68	0.19	0.71	0.79	0.51	0.5	-0.33	0.76	0.73	0.37	-0.73	0.74	0.7
Property Plant And Equipment Net	0.99	0.94	0.82	0.81	0.25	0.61		0.88	0.94	0.2	0.57	0.88	0.99	0.8	0.46	0.9	0.88	0.56	0.93	-0.05	0.9	0.79	0.59	-0.7	0.94	0.87
Current Deferred Revenue	0.88	0.84	0.65	0.91	0.55	0.62	0.88		0.84	0.23	0.39	0.78	0.88	0.93	0.44	0.8	0.78	0.79	0.84	-0.01	0.78	0.95	0.45	-0.66	0.82	0.99
Net Debt	0.93	1.0	0.73	0.73	0.21	0.72	0.94	0.84		0.02	0.43	0.92	0.94	0.7	0.39	0.97	0.92	0.59	0.91	-0.04	0.97	0.77	0.39	-0.66	0.99	0.83
Retained Earnings	0.21	0.02	0.43	0.4	0.37	0.14	0.2	0.23	0.02		0.36	0.05	0.19	0.39	0.36	0.0	0.05	0.37	0.02	-0.27	0.02	0.36	0.24	-0.55	0.09	0.3
Accounts Payable	0.6	0.43	0.63	0.41	-0.24	0.08	0.57	0.39	0.43	0.36		0.26	0.6	0.32	0.17	0.53	0.26	0.14	0.44	-0.12	0.48	0.27	0.6	-0.46	0.52	0.38
Cash	0.85	0.93	0.71	0.68	0.24	0.79	0.88	0.78	0.92	0.05	0.26		0.85	0.71	0.33	0.88	1.0	0.49	0.82	-0.14	0.89	0.73	0.47	-0.63	0.91	0.8
Non Current Assets Total	1.0	0.94	0.81	0.77	0.19	0.56	0.99	0.88	0.94	0.19	0.6	0.85		0.76	0.52	0.92	0.85	0.55	0.94	0.06	0.91	0.77	0.56	-0.67	0.94	0.86
Non Currrent Assets Other	0.77	0.7	0.65	0.93	0.71	0.68	0.8	0.93	0.7	0.39	0.32	0.71	0.76		0.3	0.64	0.71	0.78	0.67	-0.22	0.65	0.96	0.55	-0.68	0.7	0.96
Other Assets	0.51	0.39	0.5	0.24	0.04	0.19	0.46	0.44	0.39	0.36	0.17	0.33	0.52	0.3		0.4	0.33	0.21	0.54	0.53	0.44	0.37	0.17	-0.53	0.43	0.39
Long Term Debt	0.91	0.97	0.77	0.65	0.08	0.71	0.9	0.8	0.97	0.0	0.53	0.88	0.92	0.64	0.4		0.88	0.5	0.87	0.03	0.99	0.71	0.45	-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	0.26	1.0	0.85	0.71	0.33	0.88		0.49	0.82	-0.14	0.89	0.73	0.47	-0.63	0.91	0.8
Net Receivables	0.56	0.59	0.32	0.84	0.82	0.51	0.56	0.79	0.59	0.37	0.14	0.49	0.55	0.78	0.21	0.5	0.49		0.51	-0.2	0.49	0.89	-0.05	-0.55	0.54	0.81
Common Stock Shares Outstanding	0.93	0.9	0.72	0.73	0.15	0.5	0.93	0.84	0.91	0.02	0.44	0.82	0.94	0.67	0.54	0.87	0.82	0.51		0.1	0.85	0.7	0.42	-0.61	0.89	0.81
Short Term Investments	0.04	-0.04	-0.09	-0.34	-0.27	-0.33	-0.05	-0.01	-0.04	-0.27	-0.12	-0.14	0.06	-0.22	0.53	0.03	-0.14	-0.2	0.1		0.01	-0.15	-0.17	0.34	-0.05	-0.13
Non Current Liabilities Total	0.9	0.97	0.78	0.63	0.1	0.76	0.9	0.78	0.97	0.02	0.48	0.89	0.91	0.65	0.44	0.99	0.89	0.49	0.85	0.01		0.72	0.45	-0.71	0.99	0.78
Inventory	0.78	0.77	0.62	0.91	0.73	0.73	0.79	0.95	0.77	0.36	0.27	0.73	0.77	0.96	0.37	0.71	0.73	0.89	0.7	-0.15	0.72		0.36	-0.72	0.76	0.97
Other Current Assets	0.57	0.39	0.7	0.42	-0.07	0.37	0.59	0.45	0.39	0.24	0.6	0.47	0.56	0.55	0.17	0.45	0.47	-0.05	0.42	-0.17	0.45	0.36		-0.43	0.48	0.47
Other Stockholder Equity	-0.67	-0.67	-0.78	-0.69	-0.31	-0.73	-0.7	-0.66	-0.66	-0.55	-0.46	-0.63	-0.67	-0.68	-0.53	-0.67	-0.63	-0.55	-0.61	0.34	-0.71	-0.72	-0.43		-0.74	-0.72
Total Liab	0.94	0.99	0.8	0.71	0.16	0.74	0.94	0.82	0.99	0.09	0.52	0.91	0.94	0.7	0.43	0.99	0.91	0.54	0.89	-0.05	0.99	0.76	0.48	-0.74		0.83
Property Plant And Equipment Gross	0.86	0.84	0.69	0.94	0.59	0.7	0.87	0.99	0.83	0.3	0.38	0.8	0.86	0.96	0.39	0.79	0.8	0.81	0.81	-0.13	0.78	0.97	0.47	-0.72	0.83

Click cells to compare fundamentals

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	173M	221M	390M	213M	138.6M
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	867M	67M	63.7M
Non Current Assets Total	11.8B	12.1B	17.5B	21.2B	20.3B	10.9B
Non Currrent Assets Other	137M	131M	272M	702M	785M	824.3M
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	117M	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	1.4B	107M	161.0M
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

Pair Trading with Nextera Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextera Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextera Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nextera Stock

0.66

RNWWW

ReNew Energy Global

Pair Corr

Moving against Nextera Stock

0.92	GEV	GE Vernova LLC	Pair Corr
0.81	ELLO	Ellomay Capital	Pair Corr
0.79	ADN	Advent Technologies	Pair Corr
0.79	NRGV	Energy Vault Holdings	Pair Corr
0.74	AY	Atlantica Sustainable	Pair Corr

The ability to find closely correlated positions to Nextera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextera Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextera Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextera Energy Partners to buy it.

The correlation of Nextera Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nextera Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Nextera Stock Analysis

When running Nextera Energy's price analysis, check to measure Nextera Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.

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