Sunrun Inc (RUN)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,671,900 | 10,237,500 | 9,603,840 | 8,926,500 | 8,399,150 | 7,985,160 | 7,602,940 | 7,139,160 | 6,502,890 | 6,136,810 | 5,609,560 | 5,274,220 | 4,796,140 | 2,362,060 | 2,318,160 | 2,366,800 | 2,219,590 | 2,015,910 | 1,688,990 | 1,797,280 |
| Total assets | US$ in thousands | 20,450,200 | 20,027,100 | 20,490,600 | 19,728,300 | 19,268,800 | 18,568,100 | 17,800,600 | 17,255,100 | 16,483,300 | 16,089,700 | 15,428,800 | 14,886,000 | 14,382,900 | 6,306,830 | 6,005,040 | 5,938,510 | 5,806,340 | 5,472,020 | 5,207,380 | 4,939,680 |
| Debt-to-assets ratio | 0.52 | 0.51 | 0.47 | 0.45 | 0.44 | 0.43 | 0.43 | 0.41 | 0.39 | 0.38 | 0.36 | 0.35 | 0.33 | 0.37 | 0.39 | 0.40 | 0.38 | 0.37 | 0.32 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,671,900K ÷ $20,450,200K
= 0.52
The trend analysis of Sunrun Inc's debt-to-assets ratio over the past eight quarters shows a gradual increase from 0.43 in Q1 2022 to 0.54 in Q4 2023. This indicates that the company has been progressively relying more on debt to finance its assets.
The rising trend in the debt-to-assets ratio raises some concerns about Sunrun's leverage and financial risk. A higher debt ratio implies a higher proportion of the company's assets are financed through debt, which could increase interest expenses and financial obligations.
It is essential for investors and stakeholders to monitor this trend closely, as a continually increasing debt-to-assets ratio could potentially indicate financial distress or an unsustainable capital structure. Sunrun Inc may need to carefully manage its debt levels and consider alternative financing options to maintain a healthy balance between debt and equity to support its long-term growth and stability.
Peer comparison
Dec 31, 2023