ZEVY (Lightning eMotors) Debt-to-Equity: -2.70 (As of Sep. 2023)

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ZEVY Lightning eMotors Inc ZEVY
12 GF Score
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What is Lightning eMotors Debt-to-Equity?

Lightning eMotors ZEVY 12 Debt-to-Equity is -2.70 as of Sep. 2023. GuruFocus rates ZEVY with a GF Score™ of 12/100.

Lightning eMotors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $57.15 Mil. Lightning eMotors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.25 Mil. Lightning eMotors's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-24.61 Mil. Lightning eMotors's debt to equity for the quarter that ended in Sep. 2023 was -2.70.

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 Lightning eMotors's Debt-to-Equity or its related term are showing as below:

ZEVY's Debt-to-Equity is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Lightning eMotors  (OTCPK:ZEVY) 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.

Lightning eMotors Debt-to-Equity Related Terms

Lightning eMotors Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Lightning eMotors'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.

Lightning eMotors Debt-to-Equity Chart

Lightning eMotors Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
-0.18 -0.93 2.94 1.31

Lightning eMotors Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 1.31 1.51 2.84 -2.70

ZEVY vs AMMX, CEAD, ARTW: Debt-to-Equity Comparison

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.

Lightning eMotors Debt-to-Equity vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lightning eMotors's Debt-to-Equity falls into.


ZEVY
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Lightning eMotors Inc ZEVY
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Lightning eMotors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lightning eMotors's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(1.828 + 69.838) / 54.558
=1.31

Lightning eMotors's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(57.15 + 9.249) / -24.605
=-2.70

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -2.70 mean?
Lightning eMotors (ZEVY) has a Debt-to-Equity of -2.70 as of Sep. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lightning eMotors and its competitors.
Is Lightning eMotors' Debt-to-Equity too high?
Lightning eMotors' current Debt-to-Equity is -2.70. Overall, Lightning eMotors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lightning eMotors' Debt-to-Equity compare to AMMX and CEAD?
Lightning eMotors' Debt-to-Equity of -2.70 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Debt-to-Equity is 0.37. 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 Farm & Heavy Construction Machinery company?
The median Debt-to-Equity among Farm & Heavy Construction Machinery companies is 0.37, based on 185 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. 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 Lightning eMotors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightning eMotors's current Debt-to-Equity is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning eMotors stock overvalued right now?
Lightning eMotors (ZEVY) has a current Debt-to-Equity of -2.70. The current Debt-to-Equity is -2.70. Lightning eMotors' overall GF Score™ is 12/100. 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 Lightning eMotors (ZEVY), the current Debt-to-Equity is -2.70 as of Sep. 2023. 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.

Lightning eMotors Business Description

Address 815 14th Street South West, Suite A100, Loveland, CO, USA, 80537
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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