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| Date | Value |
|---|---|
| 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 |