Sunnova Energy International (Sunnova Energy International) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Sunnova Energy International Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Sunnova Energy International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Sunnova Energy International couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Sunnova Energy International's Cash-to-Debt or its related term are showing as below:

NOVA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.1
Current: 0.03

During the past 7 years, Sunnova Energy International's highest Cash to Debt Ratio was 0.10. The lowest was 0.03. And the median was 0.07.

NOVA's Cash-to-Debt is ranked worse than
98.59% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs NOVA: 0.03

Sunnova Energy International Cash-to-Debt Historical Data

The historical data trend for Sunnova Energy International's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Sunnova Energy International Cash-to-Debt Chart

Sunnova Energy International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.10

0.07

0.03

Sunnova Energy International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.04	0.03	0.07	0.03

Competitive Comparison of Sunnova Energy International's Cash-to-Debt

For the Solar subindustry, Sunnova Energy International's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Sunnova Energy International's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's Cash-to-Debt falls into.

Sunnova Energy International Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Sunnova Energy International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	212.832	/	(487.728	+	7030.756)
	=	0.03

Sunnova Energy International's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	212.832	/	(487.728	+	7030.756)
	=	0.03

Sunnova Energy International (NYSE:NOVA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Sunnova Energy International Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Sunnova Energy International's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunnova Energy International (Sunnova Energy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunnova Energy International Inc (NYSE:NOVA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7SE:Germany 7SE:Germany

Address

20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046

Website

https://www.sunnova.com

Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.

Executives

William J Berger	director, officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Akbar Mohamed	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Anne S Andrew	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Mary Yang	director	7035 RIDGE RD, HANOVER MD 21076
Lynch Jack O. Iii	officer: See Remarks	601 W. RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201
Santo Salvo John T	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Kris W Hillstrand	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Chris Hayden	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Kelsey Hultberg	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Michael P Grasso	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Robert Lawrence Lane	officer: See Remarks	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Meghan Nutting	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
David Searle	officer: See Remarks.	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Paul S Mathews	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046