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| Date | Value |
|---|---|
| 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 |