Electrovaya (ELVA) Debt Ratio (2021 - 2026)
Electrovaya's (ELVA) Debt Ratio came in at 0.32 for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 7.4% from 0.35 a year earlier and down 35.4% from the prior quarter.
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Analysis
Electrovaya (ELVA) Debt Ratio (2021 - 2026) Analysis & Trends
Since fiscal Q4 2021, Electrovaya has reported Debt Ratio for 12 quarters.
- In prior fiscal years, Electrovaya's Debt Ratio was 0.04 in FY2024 (-57.4%), 0.09 in FY2023 (+67.4%), 0.06 in FY2022 (-99.8%) and 31.28 in FY2021.
- The fiscal Q3 2026 figure stands as the lowest quarterly Debt Ratio since fiscal Q2 2025.
- On a year-over-year basis, Debt Ratio increased in three of the last five quarters, with growth averaging 200.2%.
- According to Business Quant data, Debt Ratio for the three prior fiscal quarters was 0.50 (Q2 2026), 0.48 (Q1 2026) and 0.32 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 0.03 |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 0.00 |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 0.00 |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 0.46 |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 0.23 |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 0.26 |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 0.20 |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.13 |
| 10 | Electrovaya | 274.55 Mn | 212.05 Mn | 6.19 Mn | 0.32 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| Mar 31, 2026 | 0.50 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.29 |
| Sep 30, 2024 | 0.04 |
| Mar 31, 2024 | 0.07 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.11 |
| Sep 30, 2022 | 0.06 |
| Oct 1, 2021 | 31.28 |
API Access
Electrovaya Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();