Sunrun Inc (RUN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,230,230 | 5,611,110 | 6,597,450 | 6,467,760 | 6,708,120 | 6,618,500 | 6,346,680 | 6,264,340 | 6,254,740 | 6,223,110 | 6,156,460 | 6,165,560 | 6,077,910 | 1,033,540 | 888,167 | 872,473 | 964,731 | 926,829 | 915,545 | 924,540 |
| Debt-to-equity ratio | 2.04 | 1.82 | 1.46 | 1.38 | 1.25 | 1.21 | 1.20 | 1.14 | 1.04 | 0.99 | 0.91 | 0.86 | 0.79 | 2.29 | 2.61 | 2.71 | 2.30 | 2.18 | 1.84 | 1.94 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,671,900K ÷ $5,230,230K
= 2.04
Sunrun Inc's debt-to-equity ratio has shown a generally increasing trend over the past eight quarters, starting at 1.19 in Q1 2022 and reaching 2.11 in Q4 2023. This indicates that the company has been relying more on debt financing relative to equity financing. A higher debt-to-equity ratio suggests that Sunrun has been taking on more debt to fund its operations and growth, which could potentially increase financial risk. It is important for stakeholders to closely monitor this trend to assess the company's ability to manage its debt obligations effectively and maintain a healthy balance sheet position.
Peer comparison
Dec 31, 2023