Array Technologies (ARRY) Debt Ratio (2019 - 2026)
Array Technologies (ARRY) posted quarterly Debt Ratio of 0.45 for Q1 2026, down 5.02% year-over-year from 0.48 in Q1 2025, and down 1.84% quarter-over-quarter from 0.46 in Q4 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, down 2.98% 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 14.64 in Q1 2023, with the low at 0.37 in Q3 2023.
- The 5-year median for Debt Ratio is 0.44 (2022), against an average of 1.27.
- The sharpest annual moves came in 2023 and 2024: Debt Ratio surged 3060.6% in 2023, then tumbled 97.15% in 2024.
- Array Technologies' Debt Ratio stood at 0.44 in 2022, then decreased by 10.13% to 0.4 in 2023, then climbed by 18.79% to 0.47 in 2024, then retreated by 2.98% to 0.46 in 2025, then slipped by 1.84% to 0.45 in 2026.
- Business Quant data shows ARRY's Debt Ratio at 0.45 in Q1 2026, 0.46 in Q4 2025, and 0.42 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.43 Bn | 21.70 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 13.17 Bn | 11.95 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.13 Bn | 4.19 Bn | 175.01 Mn | 0.20 |
| 4 | Sunrun | 2.23 Bn | 2.23 Bn | 527.54 Mn | 0.62 |
| 5 | Solaredge Technologies | 1.93 Bn | 1.35 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.23 Bn | 1.21 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 1.01 Bn | -583.15 Mn | 124.40 Mn | 0.55 |
| 8 | JinkoSolar Holding | 859.39 Mn | -2.45 Bn | 147.66 Mn | 0.15 |
| 9 | Array Technologies | 734.71 Mn | 427.41 Mn | 99.60 Mn | 0.44 |
| 10 | Toyo | 180.48 Mn | 103.84 Mn | 47.76 Mn | 0.01 |
Historic Data
Download 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 | 0.37 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 14.64 |
| Dec 31, 2022 | 0.44 |
| Sep 30, 2022 | 0.42 |
| Jun 30, 2022 | 0.46 |
| Mar 31, 2022 | 0.46 |
| Dec 31, 2021 | 0.63 |
| Sep 30, 2021 | 0.39 |