EVGO Debt-to-Equity Ratio Analysis

The debt-to-equity ratio compares a company's total liabilities to its shareholders' equity.

At -14.54x, EVGO has negative equity, meaning its liabilities exceed its assets, which typically signals financial distress. This is far below the sector median of 0.74x and places the company in the 1th percentile among peers, so almost all comparable companies have healthier capital structures. The metric’s year-over-year change is N/A, but quarter-over-quarter it fell by -366.3% from 5.46x to -14.54x, a sharp reversal into negative territory. The combination of a deeply negative level and a rapid decline implies elevated default or dilution risk with no near-term opportunity evident. This directly supports the overall CAUTIOUS verdict, as the worsened equity position does not align with financial stability.

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