Array Technologies (ARRY) Debt to Equity (2019 - 2026)
Array Technologies' quarterly Debt to Equity came in at -$3.11 in Q1 2026, up 55.18% year-on-year from -$2.01 in Q1 2025, and up 4.61% quarter-over-quarter from -$3.26 in Q4 2025.
Array Technologies has reported Debt to Equity for 8 years, with the latest figure at -$3.11 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 55.18% year-over-year to -$3.11; the trailing twelve-month figure through Mar 2026 stood at -$3.11 (up 55.18% YoY), and the FY2025 full-year result was -$3.26, up 40.52% from the prior year.
- Debt to Equity for Q1 2026 stood at -$3.11, up from -$3.26 in the prior quarter.
- The five-year high for Debt to Equity was $10.08 in Q3 2024, with the low at -$14.47 in Q3 2025.
- Average Debt to Equity over 5 years is $0.7, with a median of $2.94 recorded in 2024.
- Year-over-year, Debt to Equity jumped 249.92% in 2024 and sank 373.63% in 2025.
- Tracing ARRY's Debt to Equity over 5 years: stood at $6.11 in 2022, then plunged by 56.9% to $2.63 in 2023, then slumped by 308.37% to -$5.49 in 2024, then surged by 40.52% to -$3.26 in 2025, then advanced by 4.61% to -$3.11 in 2026.
- The last three Debt to Equity figures came in at -$3.11 (Q1 2026), -$3.26 (Q4 2025), and -$14.47 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.04 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.36 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.52 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.13 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.30 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -3.11 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.71 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.11 |
| Dec 31, 2025 | -3.26 |
| Sep 30, 2025 | -14.47 |
| Jun 30, 2025 | -9.32 |
| Mar 31, 2025 | -6.94 |
| Dec 31, 2024 | -5.49 |
| Sep 30, 2024 | 10.08 |
| Jun 30, 2024 | 3.40 |
| Mar 31, 2024 | 2.94 |
| Dec 31, 2023 | 2.63 |
| Sep 30, 2023 | 2.88 |
| Jun 30, 2023 | 2.95 |
| Mar 31, 2023 | 4.69 |
| Dec 31, 2022 | 6.11 |
| Sep 30, 2022 | 6.51 |
| Jun 30, 2022 | 7.66 |
| Mar 31, 2022 | 4.57 |
| Dec 31, 2021 | -10.30 |
| Sep 30, 2021 | 207.32 |
| Jun 30, 2021 | -6.85 |
| Mar 31, 2021 | -5.86 |
| Dec 31, 2020 | -5.29 |
| Dec 31, 2019 | 0.02 |