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The historical rank and industry rank for Sunnova Energy International's Equity-to-Asset or its related term are showing as below:
NOVAQ's Equity-to-Asset is not ranked *
in the Semiconductors industry.
Industry Median: 0.62 * Ranked among companies with meaningful Equity-to-Asset only.
Sunnova Energy International (OTCPK:NOVAQ) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Sunnova Energy International Equity-to-Asset Related Terms
Sunnova Energy International Equity-to-Asset 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.
Sunnova Energy International Equity-to-Asset Chart
NOVAQ vs VSTTF, SING, APWL: Equity-to-Asset Comparison
For the Solar subindustry, Sunnova Energy International's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Sunnova Energy International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sunnova Energy International's Equity-to-Asset falls into.
Sunnova Energy International Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Sunnova Energy International's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* 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 Equity-to-Asset of 0.14 as of Dec. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sunnova Energy International and its competitors.
Is Sunnova Energy International's Equity-to-Asset too high?
Sunnova Energy International's current Equity-to-Asset is 0.14. The Semiconductors industry median Equity-to-Asset is 0.62. Sunnova Energy International's value of 0.14 is 77.4% below this industry median.
How does Sunnova Energy International's Equity-to-Asset compare to VSTTF and SING?
Sunnova Energy International's Equity-to-Asset of 0.14 can be compared against companies in the Semiconductors industry. The industry median Equity-to-Asset is 0.62. Sunnova Energy International's value of 0.14 is 77.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.62, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunnova Energy International's current Equity-to-Asset of 0.14 is 77.4% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sunnova Energy International and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunnova Energy International's current Equity-to-Asset is 0.14. 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 Equity-to-Asset of 0.14. The current Equity-to-Asset is 0.14 and 77.4% below the Semiconductors industry median of 0.62. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Sunnova Energy International (NOVAQ), the current Equity-to-Asset is 0.14 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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