Array Technologies (ARRY) Debt Ratio (2019 - 2026)

Array Technologies' (ARRY) quarterly Debt Ratio came in at 0.45 in Q1 2026, down 5.02% year-on-year from 0.48 in Q1 2025, and down 1.84% quarter-over-quarter from 0.46 in Q4 2025.

Array Technologies (ARRY) Debt Ratio (2019 - 2026) Analysis & Trends

Array Technologies' Debt Ratio history runs 8 years deep, the most recent figure standing at 0.45 for Q1 2026.

  • On a quarterly basis, Debt Ratio fell 5.02% year-over-year to 0.45 in Q1 2026; TTM through Mar 2026 was 0.45, a 5.02% decrease from a year earlier, with the FY2025 full-year figure at 0.46, down 2.98% from the prior year.
  • Debt Ratio declined to 0.45 in Q1 2026 per ARRY's latest filing, from 0.46 in the prior quarter.
  • Across five years, Debt Ratio topped out at 14.64 in Q1 2023 and bottomed at 0.37 in Q3 2023.
  • The 5-year median for Debt Ratio is 0.44 (2022), against an average of 1.27.
  • Across the five-year window, Debt Ratio surged 3060.6% in 2023 and plunged 97.15% in 2024, its largest moves.
  • Year by year, Debt Ratio stood at 0.44 in 2022, then slipped by 10.13% to 0.4 in 2023, then grew by 18.79% to 0.47 in 2024, then decreased by 2.98% to 0.46 in 2025, then dropped by 1.84% to 0.45 in 2026.
  • Per Business Quant, the three latest ARRY Debt Ratio figures stand at 0.45 (Q1 2026), 0.46 (Q4 2025), and 0.42 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 0.03
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 0.21
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 0.15
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 0.02
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 0.18
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 0.55
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.45
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 0.00

Historic Data

Download Data
DateValue
Mar 31, 2026 0.45
Dec 31, 2025 0.46
Sep 30, 2025 0.42
Jun 30, 2025 0.45
Mar 31, 2025 0.48
Dec 31, 2024 0.47
Sep 30, 2024 0.43
Jun 30, 2024 0.41
Mar 31, 2024 0.42
Dec 31, 2023 0.40
Sep 30, 2023 0.37
Jun 30, 2023 0.40
Mar 31, 2023 14.64
Dec 31, 2022 0.44
Sep 30, 2022 0.42
Jun 30, 2022 0.46
Mar 31, 2022 0.46
Dec 31, 2021 0.63
Sep 30, 2021 0.39
Jun 30, 2021 0.81