Debt-to-Equity Ratio

SunPower's Debt-to-Equity Ratio of -2.76x means the company has more total liabilities than assets, resulting in negative shareholder equity—a signal that its debts exceed what it owns.

This ratio compares total debt to shareholders' equity, and a negative value typically indicates financial distress. Among sector peers in Energy, the median is 0.83x, and SunPower ranks at the 0th percentile, far worse than the typical company. Over the last eight quarters, the ratio has been decreasing, with a quarter-over-quarter change of -8.7% from -2.54x to -2.76x; the year-over-year change is not available. The combination of an already negative level and a continuing downward trend implies increasing financial risk, as the company's negative equity position is deepening. This directly supports the overall CAUTIOUS verdict, since deteriorating leverage and a negative ratio point to heightened default risk and limited financial flexibility.

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