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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Array Technologies' quarterly Debt Ratio came in at 0.45 in Q1 2026, down 5.02% year-on-year from 0.48 in Q1 2025, and down 2.45% quarter-over-quarter from 0.46 in Q4 2025.

Array Technologies has reported Debt Ratio for 8 years, with the latest figure at 0.45 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 5.02% year-over-year to 0.45; the trailing twelve-month figure through Mar 2026 stood at 0.45 (down 5.02% YoY), and the FY2025 full-year result was 0.46, up 2.08% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.45, down from 0.46 in the prior quarter.
  • The five-year high for Debt Ratio was 13.99 in Q1 2023, with the low at 0.37 in Q3 2023.
  • Average Debt Ratio over 5 years is 1.23, with a median of 0.43 recorded in 2025.
  • Year-over-year, Debt Ratio surged 3107.3% in 2023 and tumbled 97.02% in 2024.
  • Tracing ARRY's Debt Ratio over 5 years: stood at 0.44 in 2022, then dropped by 10.13% to 0.4 in 2023, then rose by 13.61% to 0.45 in 2024, then climbed by 2.08% to 0.46 in 2025, then decreased 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 26.65 Bn 24.22 Bn 486.13 Mn 0.03
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 0.35
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 0.21
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 0.02
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 0.18
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 0.45
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 0.15
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -

Historic Data

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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
Mar 31, 2021 0.69
Dec 31, 2020 0.65
Dec 31, 2019 0.01