Sunnova Energy International Balance Sheet Health
Financial Health criteria checks 0/6
Sunnova Energy International has a total shareholder equity of $2.7B and total debt of $8.2B, which brings its debt-to-equity ratio to 306.8%. Its total assets and total liabilities are $12.9B and $10.2B respectively.
Key information
306.8%
Debt to equity ratio
US$8.23b
Debt
| Interest coverage ratio | n/a |
| Cash | US$216.32m |
| Equity | US$2.68b |
| Total liabilities | US$10.20b |
| Total assets | US$12.88b |
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 03Recent updates
Sunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure
Nov 01Sunnova Energy: Good Q2, But Highly Leveraged On Debt
Aug 01Earnings 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 04Financial Position Analysis
Short Term Liabilities: NOVA's short term assets ($914.6M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: NOVA's short term assets ($914.6M) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: NOVA's net debt to equity ratio (298.8%) is considered high.
Reducing Debt: NOVA's debt to equity ratio has increased from 154.9% to 306.8% 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 31.5% each year