Sunnova Energy International Balance Sheet Health
Financial Health criteria checks 0/6
Sunnova Energy International has a total shareholder equity of $2.3B and total debt of $7.8B, which brings its debt-to-equity ratio to 334.5%. Its total assets and total liabilities are $11.8B and $9.5B respectively.
Key information
334.5%
Debt to equity ratio
US$7.77b
Debt
| Interest coverage ratio | n/a |
| Cash | US$239.04m |
| Equity | US$2.32b |
| Total liabilities | US$9.49b |
| Total assets | US$11.82b |
Recent financial health updates
Is Sunnova Energy International (NYSE:NOVA) Using Too Much Debt?
Jan 14
Is Sunnova Energy International (NYSE:NOVA) A Risky Investment?
Oct 03Is Sunnova Energy International (NYSE:NOVA) Using Debt In A Risky Way?
Feb 14Recent updates
Earnings Update: Sunnova Energy International Inc. (NYSE:NOVA) Just Reported And Analysts Are Trimming Their Forecasts
May 04Sunnova: Awaiting Financial Enhancement
Mar 01Sunnova: Top Pick In The Residential Solar Market
Dec 28Sunnova: Strong Customer Growth Trend Makes It A Buy
Dec 22Sunnova Energy International: A Potential Further Downside On Weak Fundamentals
Oct 17Sunnova Energy International: Potentially Unsustainable Business Model
Jul 31Sunnova: Not Yet Time To Buy Solar Even As The Renewable Energy Runs Hot
Jun 16An Intrinsic Calculation For Sunnova Energy International Inc. (NYSE:NOVA) Suggests It's 24% Undervalued
May 12New Forecasts: Here's What Analysts Think The Future Holds For Sunnova Energy International Inc. (NYSE:NOVA)
Mar 01Franklin home power storage solution to be part of Sunnova's Energy as a service portfolio
Feb 10Is Sunnova Energy International (NYSE:NOVA) Using Too Much Debt?
Jan 14Sunnova Energy: A Bearish Setup Ahead Of Earnings And November Analyst Day
Oct 17Is Sunnova Energy International (NYSE:NOVA) A Risky Investment?
Oct 03Sunnova Energy International Inc. (NYSE:NOVA) Shares Could Be 35% Below Their Intrinsic Value Estimate
Sep 06Sunnova Energy International prices upsized $500M of debt offering
Aug 17Sunnova Energy: A Ray Of Legislative Sunshine
Aug 04Sunnova brings solar and battery storage services to retail stores in Puerto Rico
Jul 26Sunnova Energy International Inc.'s (NYSE:NOVA) Intrinsic Value Is Potentially 94% Above Its Share Price
May 26Is Sunnova Energy International (NYSE:NOVA) Using Debt In A Risky Way?
Feb 14Sunnova Energy International Inc.'s (NYSE:NOVA) Intrinsic Value Is Potentially 27% Above Its Share Price
Jan 19Financial Position Analysis
Short Term Liabilities: NOVA's short term assets ($817.4M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: NOVA's short term assets ($817.4M) do not cover its long term liabilities ($8.4B).
Debt to Equity History and Analysis
Debt Level: NOVA's net debt to equity ratio (324.2%) is considered high.
Reducing Debt: NOVA's debt to equity ratio has increased from 190.9% to 334.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NOVA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOVA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.7% each year