Array Technologies ARRY
NASDAQ ARRY
$4.55 +0.07 (+1.67%)
As of: Sep 10, 2026 · 2:07 PM EDT

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

Array Technologies (ARRY) posted Debt Ratio of 0.44 for Q2 2026, down 3.63% on a QoQ basis from 0.45 in Q1 2026, and down 3.11% year-over-year from 0.45 in Q2 2025.

Analysis

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

Array Technologies has reported Debt Ratio for 8 years, with the latest figure at 0.44 in Q2 2026.

  • On a quarterly basis, Debt Ratio fell 3.11% year-over-year to 0.44 in Q2 2026; TTM through Jun 2026 was 0.44, a 3.11% decrease from a year earlier, with the FY2025 full-year figure at 0.46, down 2.37% from the prior year.
  • Debt Ratio was 0.44 for Q2 2026 at Array Technologies, down from 0.45 in the prior quarter.
  • The five-year high for Debt Ratio was 0.48 in Q1 2025, with the low at 0.39 in Q3 2023.
  • Average Debt Ratio over 5 years is 0.44, with a median of 0.44 recorded in 2022.
  • The sharpest annual moves came in 2022 and 2024: Debt Ratio sank 42.49% in 2022, then gained 18.79% in 2024.
  • Over 5 years, Debt Ratio stood at 0.44 in 2022, then dropped by 10.13% to 0.4 in 2023, then increased by 18.79% to 0.47 in 2024, then retreated by 2.37% to 0.46 in 2025, then fell by 5.99% to 0.44 in 2026.
  • The last three Debt Ratio figures came in at 0.44 (Q2 2026), 0.45 (Q1 2026), and 0.46 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 22.22 Bn 20.49 Bn 605.00 Mn 0.00
2 Nextpower 12.33 Bn 11.12 Bn 335.85 Mn -
3 Enphase Energy 4.91 Bn 3.98 Bn 175.01 Mn 0.20
4 Solaredge Technologies 2.21 Bn 1.63 Bn 95.15 Mn -
5 T1 Energy 1.31 Bn 1.09 Bn 49.10 Mn 0.37
6 Shoals Technologies 1.18 Bn 1.17 Bn 49.53 Mn 0.19
7 Canadian Solar 883.88 Mn -582.63 Mn 168.48 Mn 0.40
8 Array Technologies 700.86 Mn 393.56 Mn 99.60 Mn 0.44
9 JinkoSolar Holding 611.42 Mn -2.07 Bn 75.62 Mn 0.31
10 Toyo 132.84 Mn 22.80 Mn 36.97 Mn 0.05
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 0.44
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 0.39
Jun 30, 2023 0.40
Mar 31, 2023 0.43
Dec 31, 2022 0.44
Sep 30, 2022 0.45
Jun 30, 2022 0.46
Mar 31, 2022 0.46
Dec 31, 2021 0.63
Sep 30, 2021 0.39