Sunnova Net Invested Capital vs Long Term Debt Analysis

NOVA Stock

USD 5.34 0.44 8.98%

Sunnova Energy financial indicator trend analysis is much more than just breaking down Sunnova Energy Inter prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunnova Energy Inter is a good investment. Please check the relationship between Sunnova Energy Net Invested Capital and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sunnova Energy International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Net Invested Capital vs Long Term Debt

Net Invested Capital vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunnova Energy Inter Net Invested Capital account and Long Term Debt. At this time, the significance of the direction appears to have totally related.

The correlation between Sunnova Energy's Net Invested Capital and Long Term Debt is 1.0. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Sunnova Energy International, assuming nothing else is changed. The correlation between historical values of Sunnova Energy's Net Invested Capital and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Sunnova Energy International are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Invested Capital i.e., Sunnova Energy's Net Invested Capital and Long Term Debt go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Long Term Debt

Long-term debt is a debt that Sunnova Energy Inter has held for over one year. Long-term debt appears on Sunnova Energy International balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Sunnova Energy International balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Sunnova Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunnova Energy Inter current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sunnova Energy International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

At present, Sunnova Energy's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 93 M, whereas Tax Provision is projected to grow to (971.9 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	107.0M	136.6M	181.8M	95.8M
Interest Income	34.2M	59.8M	115.9M	121.7M

Depreciation And Amortization Interest Income

Sunnova Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets
Total Assets		1.0	0.99	0.97	0.89	0.99	0.9	0.9	0.88	1.0	-0.11	0.94	0.78	1.0	0.5	0.99	1.0	0.78	0.99	-0.78	0.67	0.72	1.0	0.74	0.85	0.52
Short Long Term Debt Total	1.0		0.98	0.97	0.87	0.99	0.88	0.89	0.9	1.0	-0.07	0.95	0.75	1.0	0.48	0.99	1.0	0.75	0.99	-0.75	0.67	0.7	1.0	0.72	0.83	0.49
Other Current Liab	0.99	0.98		0.93	0.91	0.99	0.93	0.91	0.82	0.98	-0.19	0.88	0.83	0.99	0.6	0.99	0.99	0.83	0.97	-0.84	0.64	0.78	0.99	0.79	0.89	0.59
Total Current Liabilities	0.97	0.97	0.93		0.76	0.94	0.79	0.83	0.94	0.98	0.1	0.99	0.6	0.97	0.28	0.94	0.97	0.6	0.97	-0.65	0.6	0.58	0.97	0.61	0.7	0.41
Total Stockholder Equity	0.89	0.87	0.91	0.76		0.89	0.94	0.96	0.62	0.86	-0.46	0.71	0.91	0.88	0.68	0.89	0.88	0.91	0.83	-0.89	0.69	0.92	0.87	0.92	0.99	0.66
Other Liab	0.99	0.99	0.99	0.94	0.89		0.88	0.9	0.87	0.99	-0.12	0.9	0.82	0.99	0.59	1.0	0.99	0.82	0.99	-0.77	0.72	0.71	0.99	0.73	0.86	0.48
Net Tangible Assets	0.9	0.88	0.93	0.79	0.94	0.88		0.87	0.58	0.87	-0.51	0.74	0.87	0.89	0.62	0.89	0.88	0.87	0.82	-0.97	0.51	0.91	0.88	0.91	0.95	0.8
Property Plant And Equipment Net	0.9	0.89	0.91	0.83	0.96	0.9	0.87		0.73	0.89	-0.24	0.79	0.81	0.9	0.57	0.9	0.9	0.81	0.88	-0.79	0.7	0.85	0.9	0.86	0.92	0.55
Current Deferred Revenue	0.88	0.9	0.82	0.94	0.62	0.87	0.58	0.73		0.9	0.34	0.94	0.47	0.89	0.22	0.87	0.89	0.47	0.93	-0.39	0.68	0.36	0.89	0.39	0.54	0.11
Net Debt	1.0	1.0	0.98	0.98	0.86	0.99	0.87	0.89	0.9		-0.05	0.95	0.74	1.0	0.46	0.99	1.0	0.74	0.99	-0.74	0.66	0.69	1.0	0.71	0.81	0.49
Retained Earnings	-0.11	-0.07	-0.19	0.1	-0.46	-0.12	-0.51	-0.24	0.34	-0.05		0.16	-0.57	-0.09	-0.54	-0.12	-0.08	-0.57	0.02	0.63	-0.08	-0.63	-0.08	-0.61	-0.55	-0.64
Accounts Payable	0.94	0.95	0.88	0.99	0.71	0.9	0.74	0.79	0.94	0.95	0.16		0.51	0.94	0.18	0.9	0.94	0.51	0.94	-0.6	0.56	0.54	0.94	0.57	0.64	0.38
Cash	0.78	0.75	0.83	0.6	0.91	0.82	0.87	0.81	0.47	0.74	-0.57	0.51		0.76	0.9	0.81	0.77	1.0	0.73	-0.83	0.69	0.81	0.76	0.8	0.96	0.56
Non Current Assets Total	1.0	1.0	0.99	0.97	0.88	0.99	0.89	0.9	0.89	1.0	-0.09	0.94	0.76		0.48	0.99	1.0	0.76	0.99	-0.77	0.67	0.71	1.0	0.73	0.84	0.51
Non Currrent Assets Other	0.5	0.48	0.6	0.28	0.68	0.59	0.62	0.57	0.22	0.46	-0.54	0.18	0.9	0.48		0.58	0.5	0.9	0.49	-0.63	0.54	0.61	0.49	0.59	0.76	0.39
Other Assets	0.99	0.99	0.99	0.94	0.89	1.0	0.89	0.9	0.87	0.99	-0.12	0.9	0.81	0.99	0.58		0.99	0.81	0.99	-0.77	0.7	0.72	0.99	0.73	0.86	0.5
Long Term Debt	1.0	1.0	0.99	0.97	0.88	0.99	0.88	0.9	0.89	1.0	-0.08	0.94	0.77	1.0	0.5	0.99		0.77	0.99	-0.76	0.68	0.71	1.0	0.73	0.84	0.5
Cash And Short Term Investments	0.78	0.75	0.83	0.6	0.91	0.82	0.87	0.81	0.47	0.74	-0.57	0.51	1.0	0.76	0.9	0.81	0.77		0.73	-0.83	0.69	0.81	0.76	0.8	0.96	0.56
Net Receivables	0.99	0.99	0.97	0.97	0.83	0.99	0.82	0.88	0.93	0.99	0.02	0.94	0.73	0.99	0.49	0.99	0.99	0.73		-0.69	0.69	0.63	0.99	0.65	0.78	0.41
Common Stock Total Equity	-0.78	-0.75	-0.84	-0.65	-0.89	-0.77	-0.97	-0.79	-0.39	-0.74	0.63	-0.6	-0.83	-0.77	-0.63	-0.77	-0.76	-0.83	-0.69		-0.34	-0.95	-0.76	-0.94	-0.91	-0.91
Common Stock Shares Outstanding	0.67	0.67	0.64	0.6	0.69	0.72	0.51	0.7	0.68	0.66	-0.08	0.56	0.69	0.67	0.54	0.7	0.68	0.69	0.69	-0.34		0.36	0.67	0.37	0.67	-0.07
Long Term Debt Total	0.72	0.7	0.78	0.58	0.92	0.71	0.91	0.85	0.36	0.69	-0.63	0.54	0.81	0.71	0.61	0.72	0.71	0.81	0.63	-0.95	0.36		0.7	1.0	0.92	0.87
Non Current Liabilities Total	1.0	1.0	0.99	0.97	0.87	0.99	0.88	0.9	0.89	1.0	-0.08	0.94	0.76	1.0	0.49	0.99	1.0	0.76	0.99	-0.76	0.67	0.7		0.72	0.83	0.5
Capital Surpluse	0.74	0.72	0.79	0.61	0.92	0.73	0.91	0.86	0.39	0.71	-0.61	0.57	0.8	0.73	0.59	0.73	0.73	0.8	0.65	-0.94	0.37	1.0	0.72		0.91	0.86
Inventory	0.85	0.83	0.89	0.7	0.99	0.86	0.95	0.92	0.54	0.81	-0.55	0.64	0.96	0.84	0.76	0.86	0.84	0.96	0.78	-0.91	0.67	0.92	0.83	0.91		0.68
Other Current Assets	0.52	0.49	0.59	0.41	0.66	0.48	0.8	0.55	0.11	0.49	-0.64	0.38	0.56	0.51	0.39	0.5	0.5	0.56	0.41	-0.91	-0.07	0.87	0.5	0.86	0.68

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Sunnova Energy Account Relationship Matchups

Sunnova Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	3.6B	5.5B	8.3B	11.3B	11.9B
Short Long Term Debt Total	1.4B	2.0B	3.3B	5.4B	7.5B	7.9B
Other Current Liab	59.3M	55.1M	108.9M	178.0M	201.0M	211.0M
Total Current Liabilities	195.0M	210.9M	310.9M	541.9M	1.1B	1.2B
Total Stockholder Equity	645.9M	951.7M	1.2B	1.3B	1.5B	1.0B
Other Liab	90.9M	148.0M	436.0M	696.0M	800.4M	840.5M
Net Tangible Assets	645.9M	951.7M	985.8M	1.1B	1.3B	1.3B
Property Plant And Equipment Net	1.7B	2.3B	2.9B	3.8B	5.6B	3.0B
Current Deferred Revenue	2.1M	3.8M	15.3M	30.2M	50.8M	53.4M
Net Debt	1.4B	1.8B	3.0B	5.0B	7.3B	7.7B
Retained Earnings	(361.8M)	(531.0M)	(459.7M)	(364.8M)	(228.6M)	(240.0M)
Accounts Payable	36.2M	39.9M	55.0M	116.1M	355.8M	373.6M
Cash	83.5M	209.9M	243.1M	360.3M	212.8M	191.5M
Non Current Assets Total	2.2B	3.1B	4.9B	7.4B	10.4B	10.9B
Non Currrent Assets Other	467.7M	807.8M	1.8B	3.4B	559.2M	531.2M
Other Assets	484.6M	807.8M	1.8B	3.3B	3.8B	4.0B
Long Term Debt	1.3B	1.9B	3.1B	5.2B	7.0B	7.4B
Cash And Short Term Investments	83.5M	209.9M	243.1M	360.3M	212.8M	191.5M
Net Receivables	16.8M	34.3M	144.0M	366.2M	485.7M	510.0M
Common Stock Shares Outstanding	40.8M	87.9M	110.9M	114.5M	118.3M	100.3M
Liabilities And Stockholders Equity	2.5B	3.6B	5.5B	8.3B	11.3B	11.9B
Non Current Liabilities Total	1.5B	2.1B	3.6B	5.9B	8.1B	8.5B
Inventory	43.7M	102.6M	128.0M	152.1M	148.6M	92.1M
Other Current Assets	174.0M	109.9M	100.7M	69.8M	89.1M	91.6M
Other Stockholder Equity	1.0B	1.5B	1.6B	1.6B	1.8B	1.4B
Total Liab	1.7B	2.3B	3.9B	6.4B	9.2B	9.7B
Net Invested Capital	2.1B	3.0B	4.5B	6.7B	9.0B	9.5B
Property Plant And Equipment Gross	1.7B	2.3B	3.2B	4.2B	6.2B	3.2B
Short Long Term Debt	97.5M	110.9M	129.8M	214.4M	483.5M	507.7M
Total Current Assets	274.3M	456.7M	615.7M	948.4M	936.2M	534.6M
Non Current Liabilities Other	127.4M	171.4M	436.0M	712.7M	1.1B	1.1B
Net Working Capital	79.3M	245.8M	304.8M	406.4M	(159.0M)	(151.1M)
Short Term Debt	97.5M	112.1M	131.6M	217.7M	487.7M	512.1M
Property Plant Equipment	1.7B	2.3B	2.9B	3.7B	4.3B	2.4B

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When determining whether Sunnova Energy Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sunnova Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sunnova Energy International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sunnova Energy International Stock:

How To Invest In Sunnova

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Is Sunnova Stock a good investment?

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What is Sunnova Energy's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sunnova Energy International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunnova Energy. If investors know Sunnova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunnova Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.38)

Revenue Per Share

6.552

Quarterly Revenue Growth

0.186

Return On Assets

(0.01)

Return On Equity

(0.23)

The market value of Sunnova Energy Inter is measured differently than its book value, which is the value of Sunnova that is recorded on the company's balance sheet. Investors also form their own opinion of Sunnova Energy's value that differs from its market value or its book value, called intrinsic value, which is Sunnova Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunnova Energy's market value can be influenced by many factors that don't directly affect Sunnova Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Sunnova Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunnova Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunnova Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Sunnova Net Invested Capital vs Long Term Debt Analysis

Net Invested Capital vs Long Term Debt

Net Invested Capital vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Long Term Debt

Sunnova Energy fundamental ratios Correlations

Sunnova Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sunnova Energy fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total

Common Stock Total Equity	- 0.97	Net Tangible Assets
Long Term Debt Total	- 0.95	Common Stock Total Equity
Capital Surpluse	- 0.94	Common Stock Total Equity
Other Current Assets	- 0.91	Common Stock Total Equity
Inventory	- 0.91	Common Stock Total Equity
Common Stock Total Equity	- 0.89	Total Stockholder Equity