Enphase Energy (ENPH) Debt Ratio (2011 - 2026)
Enphase Energy (ENPH) posted quarterly Debt Ratio of 0.2 for Q2 2026, down 65.99% year-over-year from 0.58 in Q2 2025, and down 6.64% quarter-over-quarter from 0.21 in Q1 2026.
Enphase Energy (ENPH) Debt Ratio (2011 - 2026) Analysis & Trends
Enphase Energy's Debt Ratio history runs 16 years deep, the most recent figure standing at 0.2 for Q2 2026.
- In Q2 2026, Debt Ratio fell 65.99% year-over-year to 0.2; the TTM figure through Jun 2026 stood at 0.2 (down 65.99% YoY), while the FY2025 annual figure was 0.52, up 21.14% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.2, down from 0.21 in the prior quarter.
- The five-year high for Debt Ratio was 0.61 in Q1 2022, with the low at 0.2 in Q2 2026.
- The 5-year median for Debt Ratio is 0.44 (2024), against an average of 0.45.
- The sharpest annual moves came in 2025 and 2026: Debt Ratio soared 36.92% in 2025, then sank 65.99% in 2026.
- Enphase Energy's Debt Ratio stood at 0.45 in 2022, then dropped by 14.61% to 0.38 in 2023, then advanced by 12.95% to 0.43 in 2024, then climbed by 21.14% to 0.52 in 2025, then slumped by 62.5% to 0.2 in 2026.
- Business Quant data shows ENPH's Debt Ratio at 0.2 in Q2 2026, 0.21 in Q1 2026, and 0.52 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 0.20 |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 0.62 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 0.55 |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 0.15 |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 0.44 |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.52 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.58 |
| Mar 31, 2025 | 0.59 |
| Dec 31, 2024 | 0.43 |
| Sep 30, 2024 | 0.43 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.43 |
| Dec 31, 2023 | 0.38 |
| Sep 30, 2023 | 0.39 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 0.41 |
| Dec 31, 2022 | 0.45 |
| Sep 30, 2022 | 0.51 |
| Jun 30, 2022 | 0.56 |
| Mar 31, 2022 | 0.61 |
| Dec 31, 2021 | 0.54 |
| Sep 30, 2021 | 0.50 |