Sunnova Energy International (Sunnova Energy International) Debt-to-Equity

: 4.92 (As of Dec. 2023)

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Sunnova Energy International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $487.7 Mil. Sunnova Energy International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,030.8 Mil. Sunnova Energy International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,526.9 Mil. Sunnova Energy International's debt to equity for the quarter that ended in Dec. 2023 was 4.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

NOVA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.92 Med: 2.24 Max: 4.92
Current: 4.92

During the past 7 years, the highest Debt-to-Equity Ratio of Sunnova Energy International was 4.92. The lowest was 1.92. And the median was 2.24.

NOVA's Debt-to-Equity is ranked worse than
98.86% of 879 companies
in the Semiconductors industry
Industry Median: 0.26 vs NOVA: 4.92

Sunnova Energy International Debt-to-Equity Historical Data

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

* Premium members only.

Sunnova Energy International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.24

2.14

2.75

4.25

4.92

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
Debt-to-Equity	Get a 7-Day Free Trial															4.25	4.56	4.58	4.61	4.92

Competitive Comparison

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

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

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

Sunnova Energy International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(487.728	+	7030.756)	/	1526.89
	=	4.92

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(487.728	+	7030.756)	/	1526.89
	=	4.92

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sunnova Energy International Debt-to-Equity Related Terms

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Sunnova Energy International (Sunnova Energy International) Business Description

Industry

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

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