Array Technologies (ARRY) Debt Ratio (2019 - 2026)
Array Technologies' (ARRY) 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 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.
- On a quarterly basis, Debt Ratio fell 5.02% year-over-year to 0.45 in Q1 2026; TTM through Mar 2026 was 0.45, a 5.02% decrease from a year earlier, with the FY2025 full-year figure at 0.46, down 2.98% from the prior year.
- Debt Ratio declined to 0.45 in Q1 2026 per ARRY's latest filing, from 0.46 in the prior quarter.
- Across five years, Debt Ratio topped out at 14.64 in Q1 2023 and bottomed at 0.37 in Q3 2023.
- The 5-year median for Debt Ratio is 0.44 (2022), against an average of 1.27.
- Across the five-year window, Debt Ratio surged 3060.6% in 2023 and plunged 97.15% in 2024, its largest moves.
- Year by year, Debt Ratio stood at 0.44 in 2022, then slipped by 10.13% to 0.4 in 2023, then grew by 18.79% to 0.47 in 2024, then decreased by 2.98% to 0.46 in 2025, then dropped by 1.84% to 0.45 in 2026.
- Per Business Quant, the three latest ARRY Debt Ratio figures stand at 0.45 (Q1 2026), 0.46 (Q4 2025), and 0.42 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 0.03 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 0.21 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 0.15 |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 0.02 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 0.18 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 0.55 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.45 |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.45 |
| Dec 31, 2025 | 0.46 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.45 |
| 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 |
| Jun 30, 2021 | 0.81 |