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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:
NOVAQ's Debt-to-Equity is not ranked *
in the Semiconductors industry.
Industry Median: 0.26 * Ranked among companies with meaningful Debt-to-Equity only.
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
Sunnova Energy International Debt-to-Equity Historical Data
* 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.
NOVAQ vs VSTTF, SING, APWL: Debt-to-Equity 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 vs Semiconductors Industry
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.
* 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.
Sunnova Energy International (NOVAQ) has a Debt-to-Equity of 4.62 as of Dec. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunnova Energy International and its competitors.
Is Sunnova Energy International's Debt-to-Equity too high?
Sunnova Energy International's current Debt-to-Equity is 4.62. The Semiconductors industry median Debt-to-Equity is 0.26. Sunnova Energy International's value of 4.62 is 1676.9% above this industry median.
How does Sunnova Energy International's Debt-to-Equity compare to VSTTF and SING?
Sunnova Energy International's Debt-to-Equity of 4.62 can be compared against companies in the Semiconductors industry. The industry median Debt-to-Equity is 0.26. Sunnova Energy International's value of 4.62 is 1676.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunnova Energy International's current Debt-to-Equity of 4.62 is 1676.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunnova Energy International and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunnova Energy International's current Debt-to-Equity is 4.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunnova Energy International stock overvalued right now?
Sunnova Energy International (NOVAQ) has a current Debt-to-Equity of 4.62. The current Debt-to-Equity is 4.62 and 1676.9% above the Semiconductors industry median of 0.26. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sunnova Energy International (NOVAQ), the current Debt-to-Equity is 4.62 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sunnova Energy International Inc is a residential solar energy products and services 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. It operates in a single reportable segment: solar energy products and services.
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