Array Technologies (ARRY) Interest Coverage Ratio (2019 - 2026)

Array Technologies (ARRY) recorded quarterly Interest Coverage Ratio of 1.28 in Q1 2026, up 104.73% quarter-over-quarter from 27.02 in Q4 2025, and down 62.37% on a YoY basis from 3.4 in Q1 2025.

Array Technologies (ARRY) Interest Coverage Ratio (2019 - 2026) Analysis & Trends

Array Technologies' Interest Coverage Ratio history runs 8 years deep, the most recent figure standing at 1.28 for Q1 2026.

  • In Q1 2026, Interest Coverage Ratio fell 62.37% year-over-year to 1.28; the TTM figure through Mar 2026 stood at 1.98 (up 67.77% YoY), while the FY2025 annual figure was 1.06, up 83.72% from the prior year.
  • Interest Coverage Ratio was 1.28 for Q1 2026 at Array Technologies, up from 27.02 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 9.01 in Q3 2025 to a low of 27.02 in Q4 2025.
  • Historically, Interest Coverage Ratio has averaged 1.12 across 5 years, with a median of 1.95 in 2022.
  • The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio tumbled 1825.94% in 2022, then soared 600.15% in 2023.
  • A 5-year view of Interest Coverage Ratio shows it stood at 1.27 in 2022, then surged by 168.84% to 3.41 in 2023, then sank by 563.19% to 15.8 in 2024, then sank by 70.95% to 27.02 in 2025, then surged by 104.73% to 1.28 in 2026.
  • The last three Interest Coverage Ratio figures came in at 1.28 (Q1 2026), 27.02 (Q4 2025), and 9.01 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 45.35
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -46.83
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 2.66
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 1.28
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -2,410.00
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.28
Dec 31, 2025 -27.02
Sep 30, 2025 9.01
Jun 30, 2025 5.29
Mar 31, 2025 3.40
Dec 31, 2024 -15.80
Sep 30, 2024 -16.05
Jun 30, 2024 4.60
Mar 31, 2024 0.94
Dec 31, 2023 3.41
Sep 30, 2023 3.08
Jun 30, 2023 8.31
Mar 31, 2023 4.42
Dec 31, 2022 1.27
Sep 30, 2022 1.95
Jun 30, 2022 -1.66
Mar 31, 2022 -5.52
Dec 31, 2021 -2.89
Sep 30, 2021 -1.49
Jun 30, 2021 -0.09