Array Technologies (ARRY) Interest Coverage Ratio (2019 - 2026)
Array Technologies (ARRY) posted quarterly Interest Coverage Ratio of 0.25 for Q1 2026, down 76.83% year-over-year from 1.08 in Q1 2025, and up 101.52% quarter-over-quarter from 16.51 in Q4 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 0.25 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio fell 76.83% year-over-year to 0.25; the TTM figure through Mar 2026 stood at 1.73 (up 79.0% YoY), while the FY2025 annual figure was 1.06, up 81.94% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 0.25, up from 16.51 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 4.6 in Q2 2024, with the low at 16.51 in Q4 2025.
- The 5-year median for Interest Coverage Ratio is 1.08 (2025), against an average of 1.32.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio slumped 1825.94% in 2022, then jumped 411.45% in 2025.
- Array Technologies' Interest Coverage Ratio stood at 1.27 in 2022, then jumped by 168.84% to 3.41 in 2023, then plunged by 563.19% to 15.8 in 2024, then declined by 4.45% to 16.51 in 2025, then soared by 101.52% to 0.25 in 2026.
- Business Quant data shows ARRY's Interest Coverage Ratio at 0.25 in Q1 2026, 16.51 in Q4 2025, and 1.19 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 157.55 |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -1.30 |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.32 |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 6.01 |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | -46.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 |
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | -16.51 |
| Sep 30, 2025 | 1.19 |
| Jun 30, 2025 | 1.81 |
| Mar 31, 2025 | 1.08 |
| Dec 31, 2024 | -15.80 |
| Sep 30, 2024 | -3.40 |
| Jun 30, 2024 | 4.60 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 3.41 |
| Sep 30, 2023 | 0.99 |
| Jun 30, 2023 | 2.37 |
| Mar 31, 2023 | 1.25 |
| Dec 31, 2022 | 1.27 |
| Sep 30, 2022 | 1.95 |
| Jun 30, 2022 | -1.66 |
| Mar 31, 2022 | -5.52 |
| Dec 31, 2021 | 4.48 |
| Sep 30, 2021 | -1.49 |