Sunnova Short Term Debt vs Intangible Assets Analysis
NOVA Stock | USD 4.90 0.43 8.07% |
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 Short Term Debt and its Intangible Assets 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 tightly coupled with the direction of predictive economic indicators such as signals in real.
Short Term Debt vs Intangible Assets
Short Term Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunnova Energy Inter Short Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sunnova Energy's Short Term Debt and Intangible Assets is 0.56. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Intangible Assets 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 Short Term Debt and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Sunnova Energy International are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Term Debt i.e., Sunnova Energy's Short Term Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Debt
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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 tightly coupled 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 |
Sunnova Energy fundamental ratios Correlations
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Sunnova Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 56.3M | 110.8M | 181.2M | 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 | 4.6B | 4.9B | |
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 | 31.6M | 76.3M | 236.8M | 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 | 215.2M | 296.3M | 351.3M | 920K | 874K | |
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 | 110.9M | 129.8M | 214.4M | 487.7M | 512.1M | |
Property Plant Equipment | 1.7B | 2.3B | 2.9B | 3.7B | 4.3B | 2.4B |
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Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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Is Sunnova Energy's industry 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 (3.40) | Revenue Per Share 5.984 | Quarterly Revenue Growth (0.01) | 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.