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HA Sustainable Infrastructure Capital stock: balance sheet and debt

HASI
$38.86Closing price of 12 Nov 2026MEQIRI Score 49 out of 100

HA Sustainable Infrastructure Capital has total assets of $8.19B and an equity ratio of 32.5%.

Daily figure as of 13 Nov 2026

Debt / Equity
1.91
Interest coverage
no data
Current ratio
20
Cash & equivalents
$145.22M
Total assets
$8.19B
Equity ratio
32.5%
Goodwill
not reported separately

For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.

Total assets and equity ratio

How large the balance sheet of HA Sustainable Infrastructure Capital, Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratio
2010no datano datano datano data
2011$174.59M$6.21M$3.8M9.3%
2012$232.46M$5.86M$3.8M8.2%
2013$571.43M$5.5M$3.8M26.4%
2014$1.01B$23.06Mnot split out27.1%
2015$1.47B$26.93Mnot split out29.4%
2016$1.75B$27Mnot split out32.9%
2017$2.25B$94Mnot split out28.6%
2018$2.15B$96Mnot split out37.3%
2019$2.39Bnot reported separatelynot reported separately39.4%
2020$3.46Bnot reported separatelynot reported separately35.0%
2021$4.15B$87Mnot split out37.8%
2022$4.76B$84Mnot split out35.0%
2023$6.55B$14Mnot split out32.7%
2024$7.08Bnot reported separatelynot reported separately34.0%
2025$8.19Bnot reported separatelynot reported separately32.5%

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is not shown for banks, insurers and other financial companies: for them, cash and bonds are part of the business and are not available to pay down debt. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Bonds and loans (excluding deposits)
Figures as a table
YearCash & equivalentsEquityBonds and loans (excluding deposits)Debt / Equity
2010no data$0$00
2011no data$16.29M$155.07M9.52
2012no data$19.16M$204.88M10.69
2013no data$146.53M$337.04M2.24
2014no data$269.3M$636.52M2.32
2015no data$428.2M$911.14M2.11
2016no data$570.61M$975.44M1.7
2017no data$639.18M$1.43B2.22
2018no data$801.1M$1.24B1.54
2019no data$936.48M$1.39B1.48
2020$286.25M$1.2B$2.19B1.81
2021$226.2M$1.54B$2.49B1.59
2022$155.71M$1.63B$2.98B1.79
2023$62.63M$2.09B$4.25B1.98
2024$129.76M$2.34B$4.4B1.83
2025$145.22M$2.57B$5.08B1.91

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak since 13 Nov 2026, previously Neutral
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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