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

Array Technologies (ARRY) recorded quarterly Debt Ratio of 0.45 in Q1 2026, down 2.45% quarter-over-quarter from 0.46 in Q4 2025, and down 5.02% on a YoY basis from 0.48 in Q1 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.

  • In Q1 2026, Debt Ratio fell 5.02% year-over-year to 0.45; the TTM figure through Mar 2026 stood at 0.45 (down 5.02% YoY), while the FY2025 annual figure was 0.46, up 2.08% from the prior year.
  • Debt Ratio was 0.45 for Q1 2026 at Array Technologies, down from 0.46 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 13.99 in Q1 2023 to a low of 0.37 in Q3 2023.
  • Historically, Debt Ratio has averaged 1.23 across 5 years, with a median of 0.43 in 2025.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio soared 3107.3% in 2023, then tumbled 97.02% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.44 in 2022, then slipped by 10.13% to 0.4 in 2023, then increased by 13.61% to 0.45 in 2024, then advanced by 2.08% to 0.46 in 2025, then retreated by 2.45% to 0.45 in 2026.
  • The last three Debt Ratio figures came in at 0.45 (Q1 2026), 0.46 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 0.03
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.21
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.02
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.18
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 0.45
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 0.15
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 Mn - 0.04

Historic Data

Download Data
DateValue
Mar 31, 2026 0.45
Dec 31, 2025 0.46
Sep 30, 2025 0.42
Jun 30, 2025 0.43
Mar 31, 2025 0.48
Dec 31, 2024 0.45
Sep 30, 2024 0.42
Jun 30, 2024 0.41
Mar 31, 2024 0.42
Dec 31, 2023 0.40
Sep 30, 2023 0.37
Jun 30, 2023 0.38
Mar 31, 2023 13.99
Dec 31, 2022 0.44
Sep 30, 2022 0.42
Jun 30, 2022 0.46
Mar 31, 2022 0.44
Dec 31, 2021 0.62
Sep 30, 2021 0.39
Jun 30, 2021 0.80