Sunrun Inc (RUN)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 19,897,900 | 22,104,300 | 21,443,400 | 20,834,300 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,554,210 | 5,278,030 | 5,365,740 | 5,180,450 | 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 |
| Financial leverage ratio | 7.79 | 4.19 | 4.00 | 4.02 | 3.91 | 3.57 | 3.11 | 3.05 | 2.87 | 2.81 | 2.80 | 2.75 | 2.64 | 2.59 | 2.51 | 2.41 | 2.37 | 6.10 | 6.76 | 6.81 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,897,900K ÷ $2,554,210K
= 7.79
The financial leverage ratio of Sunrun Inc has shown a decreasing trend from March 2020 to December 2021, indicating a reduction in the company's reliance on debt to finance its operations. From a high of 6.81 in March 2020, the ratio declined steadily to 2.37 by December 2021.
However, starting from March 2022, there has been a gradual increase in the financial leverage ratio, reaching 7.79 by December 2024. This upward trend suggests that Sunrun Inc has been taking on more debt relative to its equity over the past few years.
It is essential for stakeholders to monitor this ratio closely, as high levels of leverage can increase the company's financial risk and impact its ability to meet debt obligations in the future. Further analysis of Sunrun Inc's financial condition, profitability, and cash flow would provide more insights into the implications of the changing financial leverage ratio.
Peer comparison
Dec 31, 2024