Debt-to-Equity Ratio

EVgo’s debt-to-equity ratio of 0.32x means the company uses 32 cents of debt for every dollar of shareholders’ equity, a measure of financial leverage.

That figure sits well below the sector median of 0.77x, placing EVgo in the 27th percentile among Consumer Cyclical peers — indicating it carries less debt than 73% of them. However, the year-over-year change, quarter-over-quarter change, and trend over the last eight quarters are all listed as N/A, so no directional information is available. The combination of a low debt level with no trend data suggests the company currently has a conservative capital structure, which reduces near-term default risk, but investors cannot assess whether leverage is increasing or decreasing. This metric supports the overall NEUTRAL verdict: the low debt is a positive attribute, but the absence of a trend prevents a stronger bullish or bearish conclusion.

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