Electrovaya (ELVA) Equity Ratio (2021 - 2026)

Electrovaya (ELVA) reported Equity Ratio of 1.6 for Q1 2026, up 156.24% year-over-year from 0.62 in Q1 2025, and down 2.26% quarter-over-quarter from 1.63 in Q4 2025.

Electrovaya (ELVA) Equity Ratio (2021 - 2026) Analysis & Trends

Electrovaya (ELVA) has 6 years of Equity Ratio data on file, last reported at 1.6 in Q1 2026.

  • Equity Ratio for Q1 2026 came in at 1.6, up 156.24% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.6 (up 156.24% YoY), and the FY2025 annual result was 0.49, up 123.92% from the prior year.
  • Equity Ratio slipped to 1.6 in Q1 2026 per ELVA's latest filing, from 1.63 in the prior quarter.
  • Over five years, Equity Ratio peaked at 1.63 in Q4 2025 and troughed at 4.02 in Q2 2023.
  • A 5-year average of 0.72 and a median of 0.2 in 2023 frame the typical range for Equity Ratio.
  • The sharpest annual moves came in 2022 and 2023: Equity Ratio tumbled 166.93% in 2022, then jumped 164.75% in 2023.
  • A 5-year view of Equity Ratio shows it stood at 0.3 in 2022, then jumped by 164.75% to 0.2 in 2023, then climbed by 11.11% to 0.22 in 2024, then soared by 650.6% to 1.63 in 2025, then retreated by 2.26% to 1.6 in 2026.
  • Business Quant data shows ELVA's Equity Ratio at 1.6 in Q1 2026, 1.63 in Q4 2025, and 0.49 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.57
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.32
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 0.20
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.55
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.45
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.53
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 0.60
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 0.62
10 Electrovaya 192,800.01 -23.34 Mn 6.04 Mn 1.60

Historic Data

Download Data
DateValue
Mar 31, 2026 1.60
Dec 31, 2025 1.63
Sep 30, 2025 0.49
Mar 31, 2025 -2.84
Sep 30, 2024 0.22
Mar 31, 2024 -3.43
Sep 30, 2023 0.20
Jun 30, 2023 -4.02
Sep 30, 2022 -0.30
Oct 1, 2021 -0.11