Sunnova Net Borrowings vs Depreciation Analysis

NOVA Stock  USD 3.70  0.33  9.79%   
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 Borrowings and its Depreciation 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 Borrowings vs Depreciation

Net Borrowings vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunnova Energy Inter Net Borrowings account and Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sunnova Energy's Net Borrowings and Depreciation is 0.91. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation 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 Borrowings and Depreciation 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 Borrowings of Sunnova Energy International are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., Sunnova Energy's Net Borrowings and Depreciation go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Depreciation

Depreciation indicates how much of Sunnova Energy Inter value has been used up. For tax purposes Sunnova Energy can deduct the cost of the tangible assets it purchases as business expenses. However, Sunnova Energy International must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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 Amortization107.0M136.6M181.8M95.8M
Interest Income34.2M59.8M115.9M121.7M

Sunnova Energy fundamental ratios Correlations

1.00.990.970.890.990.90.90.881.0-0.110.940.781.00.50.991.00.780.99-0.780.670.721.00.740.850.52
1.00.980.970.870.990.880.890.91.0-0.070.950.751.00.480.991.00.750.99-0.750.670.71.00.720.830.49
0.990.980.930.910.990.930.910.820.98-0.190.880.830.990.60.990.990.830.97-0.840.640.780.990.790.890.59
0.970.970.930.760.940.790.830.940.980.10.990.60.970.280.940.970.60.97-0.650.60.580.970.610.70.41
0.890.870.910.760.890.940.960.620.86-0.460.710.910.880.680.890.880.910.83-0.890.690.920.870.920.990.66
0.990.990.990.940.890.880.90.870.99-0.120.90.820.990.591.00.990.820.99-0.770.720.710.990.730.860.48
0.90.880.930.790.940.880.870.580.87-0.510.740.870.890.620.890.880.870.82-0.970.510.910.880.910.950.8
0.90.890.910.830.960.90.870.730.89-0.240.790.810.90.570.90.90.810.88-0.790.70.850.90.860.920.55
0.880.90.820.940.620.870.580.730.90.340.940.470.890.220.870.890.470.93-0.390.680.360.890.390.540.11
1.01.00.980.980.860.990.870.890.9-0.050.950.741.00.460.991.00.740.99-0.740.660.691.00.710.810.49
-0.11-0.07-0.190.1-0.46-0.12-0.51-0.240.34-0.050.16-0.57-0.09-0.54-0.12-0.08-0.570.020.63-0.08-0.63-0.08-0.61-0.55-0.64
0.940.950.880.990.710.90.740.790.940.950.160.510.940.180.90.940.510.94-0.60.560.540.940.570.640.38
0.780.750.830.60.910.820.870.810.470.74-0.570.510.760.90.810.771.00.73-0.830.690.810.760.80.960.56
1.01.00.990.970.880.990.890.90.891.0-0.090.940.760.480.991.00.760.99-0.770.670.711.00.730.840.51
0.50.480.60.280.680.590.620.570.220.46-0.540.180.90.480.580.50.90.49-0.630.540.610.490.590.760.39
0.990.990.990.940.891.00.890.90.870.99-0.120.90.810.990.580.990.810.99-0.770.70.720.990.730.860.5
1.01.00.990.970.880.990.880.90.891.0-0.080.940.771.00.50.990.770.99-0.760.680.711.00.730.840.5
0.780.750.830.60.910.820.870.810.470.74-0.570.511.00.760.90.810.770.73-0.830.690.810.760.80.960.56
0.990.990.970.970.830.990.820.880.930.990.020.940.730.990.490.990.990.73-0.690.690.630.990.650.780.41
-0.78-0.75-0.84-0.65-0.89-0.77-0.97-0.79-0.39-0.740.63-0.6-0.83-0.77-0.63-0.77-0.76-0.83-0.69-0.34-0.95-0.76-0.94-0.91-0.91
0.670.670.640.60.690.720.510.70.680.66-0.080.560.690.670.540.70.680.690.69-0.340.360.670.370.67-0.07
0.720.70.780.580.920.710.910.850.360.69-0.630.540.810.710.610.720.710.810.63-0.950.360.71.00.920.87
1.01.00.990.970.870.990.880.90.891.0-0.080.940.761.00.490.991.00.760.99-0.760.670.70.720.830.5
0.740.720.790.610.920.730.910.860.390.71-0.610.570.80.730.590.730.730.80.65-0.940.371.00.720.910.86
0.850.830.890.70.990.860.950.920.540.81-0.550.640.960.840.760.860.840.960.78-0.910.670.920.830.910.68
0.520.490.590.410.660.480.80.550.110.49-0.640.380.560.510.390.50.50.560.41-0.91-0.070.870.50.860.68
Click cells to compare fundamentals

Sunnova Energy Account Relationship Matchups

Sunnova Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B3.6B5.5B8.3B11.3B11.9B
Short Long Term Debt Total1.4B2.0B3.3B5.4B7.5B7.9B
Other Current Liab59.3M55.1M108.9M178.0M201.0M211.0M
Total Current Liabilities195.0M210.9M310.9M541.9M1.1B1.2B
Total Stockholder Equity645.9M951.7M1.2B1.3B1.5B1.0B
Other Liab90.9M148.0M436.0M696.0M800.4M840.5M
Net Tangible Assets645.9M951.7M985.8M1.1B1.3B1.3B
Property Plant And Equipment Net1.7B2.3B2.9B3.8B5.6B3.0B
Current Deferred Revenue2.1M3.8M15.3M30.2M50.8M53.4M
Net Debt1.4B1.8B3.0B5.0B7.3B7.7B
Retained Earnings(361.8M)(531.0M)(459.7M)(364.8M)(228.6M)(240.0M)
Accounts Payable36.2M39.9M55.0M116.1M355.8M373.6M
Cash83.5M209.9M243.1M360.3M212.8M191.5M
Non Current Assets Total2.2B3.1B4.9B7.4B10.4B10.9B
Non Currrent Assets Other467.7M807.8M1.8B3.4B559.2M531.2M
Other Assets484.6M807.8M1.8B3.3B3.8B4.0B
Long Term Debt1.3B1.9B3.1B5.2B7.0B7.4B
Cash And Short Term Investments83.5M209.9M243.1M360.3M212.8M191.5M
Net Receivables16.8M34.3M144.0M366.2M485.7M510.0M
Common Stock Shares Outstanding40.8M87.9M110.9M114.5M118.3M100.3M
Liabilities And Stockholders Equity2.5B3.6B5.5B8.3B11.3B11.9B
Non Current Liabilities Total1.5B2.1B3.6B5.9B8.1B8.5B
Inventory43.7M102.6M128.0M152.1M148.6M92.1M
Other Current Assets174.0M109.9M100.7M69.8M89.1M91.6M
Other Stockholder Equity1.0B1.5B1.6B1.6B1.8B1.4B
Total Liab1.7B2.3B3.9B6.4B9.2B9.7B
Net Invested Capital2.1B3.0B4.5B6.7B9.0B9.5B
Property Plant And Equipment Gross1.7B2.3B3.2B4.2B6.2B3.2B
Short Long Term Debt97.5M110.9M129.8M214.4M483.5M507.7M
Total Current Assets274.3M456.7M615.7M948.4M936.2M534.6M
Non Current Liabilities Other127.4M171.4M436.0M712.7M1.1B1.1B
Net Working Capital79.3M245.8M304.8M406.4M(159.0M)(151.1M)
Short Term Debt97.5M112.1M131.6M217.7M487.7M512.1M
Property Plant Equipment1.7B2.3B2.9B3.7B4.3B2.4B

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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:
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.