Electrovaya (ELVA) Debt to Equity (2023 - 2026)

Electrovaya (ELVA) reported Debt to Equity of $0.19 for Q1 2026, up 284.25% year-over-year from $0.05 in Q1 2025, and up 12.94% quarter-over-quarter from $0.17 in Q4 2025.

Electrovaya (ELVA) Debt to Equity (2023 - 2026) Analysis & Trends

Electrovaya (ELVA) has 4 years of Debt to Equity data on file, last reported at $0.19 in Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.19, up 284.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.19 (up 284.25% YoY), and the FY2025 annual result was $0.67, up 3616.79% from the prior year.
  • Debt to Equity grew to $0.19 in Q1 2026 per ELVA's latest filing, from $0.17 in the prior quarter.
  • Over five years, Debt to Equity peaked at $0.67 in Q3 2025 and troughed at -$0.1 in Q1 2025.
  • A 4-year average of $0.19 and a median of $0.18 in 2025 frame the typical range for Debt to Equity.
  • The sharpest annual moves came in 2024 and 2025: Debt to Equity slumped 91.34% in 2024, then soared 3616.79% in 2025.
  • A 4-year view of Debt to Equity shows it stood at $0.21 in 2023, then tumbled by 91.34% to $0.02 in 2024, then soared by 825.79% to $0.17 in 2025, then advanced by 12.94% to $0.19 in 2026.
  • Business Quant data shows ELVA's Debt to Equity at $0.19 in Q1 2026, $0.17 in Q4 2025, and $0.67 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.58
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.69
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn -
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.41
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.68
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.41
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn -
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 0.25
10 Electrovaya 192,800.01 -23.34 Mn 6.04 Mn 0.19

Historic Data

Download Data
DateValue
Mar 31, 2026 0.19
Dec 31, 2025 0.17
Sep 30, 2025 0.67
Mar 31, 2025 -0.10
Sep 30, 2024 0.02
Sep 30, 2023 0.21