Array Technologies (ARRY) Interest Coverage Ratio (2019 - 2026)
Array Technologies' (ARRY) quarterly Interest Coverage Ratio came in at 0.25 in Q1 2026, down 76.83% year-on-year from 1.08 in Q1 2025, and up 100.93% quarter-over-quarter from 27.02 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.
- On a quarterly basis, Interest Coverage Ratio fell 76.83% year-over-year to 0.25 in Q1 2026; TTM through Mar 2026 was 1.73, a 79.0% increase from a year earlier, with the FY2025 full-year figure at 1.06, up 81.94% from the prior year.
- Interest Coverage Ratio rose to 0.25 in Q1 2026 per ARRY's latest filing, from 27.02 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 4.6 in Q2 2024 and bottomed at 27.02 in Q4 2025.
- The 5-year median for Interest Coverage Ratio is 0.99 (2023), against an average of 3.39.
- Across the five-year window, Interest Coverage Ratio tumbled 1825.94% in 2022 and jumped 411.45% in 2025, its largest moves.
- Year by year, Interest Coverage Ratio stood at 23.56 in 2022, then soared by 115.85% to 3.73 in 2023, then plunged by 524.08% to 15.84 in 2024, then slumped by 70.61% to 27.02 in 2025, then jumped by 100.93% to 0.25 in 2026.
- Per Business Quant, the three latest ARRY Interest Coverage Ratio figures stand at 0.25 (Q1 2026), 27.02 (Q4 2025), and 1.19 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 6.14 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 5.78 |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -1.04 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -0.66 |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -0.21 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 2.66 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.32 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.25 |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -46.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | -27.02 |
| Sep 30, 2025 | 1.19 |
| Jun 30, 2025 | 1.81 |
| Mar 31, 2025 | 1.08 |
| Dec 31, 2024 | -15.84 |
| Sep 30, 2024 | -3.40 |
| Jun 30, 2024 | 4.60 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 3.73 |
| Sep 30, 2023 | 0.99 |
| Jun 30, 2023 | 2.37 |
| Mar 31, 2023 | 1.25 |
| Dec 31, 2022 | -23.56 |
| 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 |