NEXTERA ENERGY INC 10-K form for the fiscal year ended 2023-12-31, page 62: 
Table of Contents



NEXTERA ENERGY, INC.


CONSOLIDATED BALANCE SHEETS

(millions, except par value)
|    |                                                                                                               |              |         |      |         |    |         |
|---:|:--------------------------------------------------------------------------------------------------------------|:-------------|:--------|:-----|:--------|:---|:--------|
|  1 |                                                                                                               | December 31, |         |      |         |    |         |
|  2 |                                                                                                               | 2023         |         | 2022 |         |    |         |
|  3 | ASSETS                                                                                                        |              |         |      |         |    |         |
|  4 | Current assets:                                                                                               |              |         |      |         |    |         |
|  5 | Cash and cash equivalents                                                                                     | $            | 2,690   |      |         | $  | 1,601   |
|  6 | Customer receivables, net of allowances of $52 and $54, respectively                                          | 3,609        |         |      | 4,349   |    |         |
|  7 | Other receivables                                                                                             | 944          |         |      | 744     |    |         |
|  8 | Materials, supplies and fuel inventory                                                                        | 2,106        |         |      | 1,934   |    |         |
|  9 | Regulatory assets                                                                                             | 1,460        |         |      | 2,165   |    |         |
| 10 | Derivatives                                                                                                   | 1,730        |         |      | 1,590   |    |         |
| 12 | Contract assets                                                                                               | 1,487        |         |      | 318     |    |         |
| 13 | Other                                                                                                         | 1,335        |         |      | 789     |    |         |
| 14 | Total current assets                                                                                          | 15,361       |         |      | 13,490  |    |         |
| 15 | Other assets:                                                                                                 |              |         |      |         |    |         |
| 16 | Property, plant and equipment – net ($26,900 and $22,927 related to VIEs, respectively)                       | 125,776      |         |      | 111,059 |    |         |
| 17 | Special use funds                                                                                             | 8,698        |         |      | 7,496   |    |         |
| 18 | Investment in equity method investees                                                                         | 6,156        |         |      | 6,582   |    |         |
| 19 | Prepaid benefit costs                                                                                         | 2,112        |         |      | 1,832   |    |         |
| 20 | Regulatory assets                                                                                             | 4,801        |         |      | 5,992   |    |         |
| 21 | Derivatives                                                                                                   | 1,790        |         |      | 1,935   |    |         |
| 22 | Goodwill                                                                                                      | 5,091        |         |      | 4,854   |    |         |
| 23 | Other                                                                                                         | 7,704        |         |      | 5,695   |    |         |
| 24 | Total other assets                                                                                            | 162,128      |         |      | 145,445 |    |         |
| 25 | TOTAL ASSETS                                                                                                  | $            | 177,489 |      |         | $  | 158,935 |
| 26 | LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY                                                   |              |         |      |         |    |         |
| 27 | Current liabilities:                                                                                          |              |         |      |         |    |         |
| 28 | Commercial paper                                                                                              | $            | 4,650   |      |         | $  | 1,709   |
| 29 | Other short-term debt                                                                                         | 255          |         |      | 1,368   |    |         |
| 30 | Current portion of long-term debt ($66 and $61 related to VIEs, respectively)                                 | 6,901        |         |      | 6,633   |    |         |
| 31 | Accounts payable ($1,718 and $1,250 related to VIEs, respectively)                                            | 8,504        |         |      | 8,312   |    |         |
| 32 | Customer deposits                                                                                             | 638          |         |      | 560     |    |         |
| 33 | Accrued interest and taxes                                                                                    | 970          |         |      | 719     |    |         |
| 34 | Derivatives                                                                                                   | 845          |         |      | 2,102   |    |         |
| 35 | Accrued construction-related expenditures                                                                     | 1,861        |         |      | 1,760   |    |         |
| 36 | Regulatory liabilities                                                                                        | 340          |         |      | 350     |    |         |
| 38 | Other                                                                                                         | 2,999        |         |      | 3,182   |    |         |
| 39 | Total current liabilities                                                                                     | 27,963       |         |      | 26,695  |    |         |
| 40 | Other liabilities and deferred credits:                                                                       |              |         |      |         |    |         |
| 41 | Long-term debt ($1,374 and $1,108 related to VIEs, respectively)                                              | 61,405       |         |      | 55,256  |    |         |
| 42 | Asset retirement obligations                                                                                  | 3,403        |         |      | 3,245   |    |         |
| 43 | Deferred income taxes                                                                                         | 10,142       |         |      | 9,072   |    |         |
| 44 | Regulatory liabilities                                                                                        | 10,049       |         |      | 9,626   |    |         |
| 45 | Derivatives                                                                                                   | 2,741        |         |      | 2,909   |    |         |
| 47 | Other                                                                                                         | 2,762        |         |      | 2,696   |    |         |
| 48 | Total other liabilities and deferred credits                                                                  | 90,502       |         |      | 82,804  |    |         |
| 49 | TOTAL LIABILITIES                                                                                             | 118,465      |         |      | 109,499 |    |         |
| 50 | COMMITMENTS AND CONTINGENCIES                                                                                 |              |         |      |         |    |         |
| 51 | REDEEMABLE NONCONTROLLING INTERESTS – VIEs                                                                    | 1,256        |         |      | 1,110   |    |         |
| 52 | EQUITY                                                                                                        |              |         |      |         |    |         |
| 53 | Common stock ($0.01 par value, authorized shares – 3,200; outstanding shares – 2,052 and 1,987, respectively) | 21           |         |      | 20      |    |         |
| 54 | Additional paid-in capital                                                                                    | 17,365       |         |      | 12,720  |    |         |
| 55 | Retained earnings                                                                                             | 30,235       |         |      | 26,707  |    |         |
| 56 | Accumulated other comprehensive loss                                                                          | (153)        |         |      | (218)   |    |         |
| 57 | Total common shareholders' equity                                                                             | 47,468       |         |      | 39,229  |    |         |
| 58 | Noncontrolling interests ($10,180 and $9,092 related to VIEs, respectively)                                   | 10,300       |         |      | 9,097   |    |         |
| 59 | TOTAL EQUITY                                                                                                  | 57,768       |         |      | 48,326  |    |         |
| 60 | TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY                                             | $            | 177,489 |      |         | $  | 158,935 |

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

62






Question: What was the current ratio for NEE in 2023?
Answer: The current ratio is calculated by dividing total current assets by total current liabilities. For NEE in 2023, the total current assets were $15,361 million, and the total current liabilities were $27,963 million. Therefore, the current ratio for NEE in 2023 is:

Current Ratio = Total Current Assets / Total Current Liabilities = $15,361 million / $27,963 million ≈ 0.55