Array Technologies (ARRY) Debt Ratio (2019 - 2026)
Array Technologies' (ARRY) Debt Ratio came in at 0.43 for Q2 2026, down 4.7% from 0.45 a year earlier and down 5.1% from the prior quarter.
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Analysis
Array Technologies (ARRY) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, Array Technologies' Debt Ratio stood at 0.46, down 3.0% from FY2024.
- In prior years, Array Technologies' Debt Ratio was 0.47 in FY2024 (+18.8%), 0.40 in FY2023 (-10.1%), 0.44 in FY2022 (-28.9%) and 0.63 in FY2021 (-4.1%).
- Quarterly Debt Ratio has run from a low of 0.39 in Q3 2023 to a high of 0.63 in Q4 2021 over five years.
- On a year-over-year basis, Debt Ratio has declined in each of the last four quarters, with growth averaging 4.7% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q4 2024, with growth of 18.8%; the weakest was Q2 2022, with a decline of 42.5%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.45 (Q1 2026), 0.46 (Q4 2025) and 0.42 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 0.03 |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 0.00 |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 0.00 |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 0.46 |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 0.23 |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 0.26 |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 0.20 |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.13 |
| 10 | Array Technologies | 620.65 Mn | -353.26 Mn | 99.60 Mn | 0.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| 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 | 0.41 |
| 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 |
API Access
Array Technologies Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ARRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();