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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |