Enphase Energy ENPH
NASDAQ ENPH
$36.72 -2.11 (-5.43%)
At close: Sep 9, 2026 · 4:00 PM EDT

Enphase Energy (ENPH) Debt Ratio (2011 - 2026)

Enphase Energy (ENPH) posted Debt Ratio of 0.2 for Q2 2026, down 6.64% on a QoQ basis from 0.21 in Q1 2026, and down 65.99% year-over-year from 0.58 in Q2 2025.

Analysis

Enphase Energy (ENPH) Debt Ratio (2011 - 2026) Analysis & Trends

Enphase Energy has reported Debt Ratio for 16 years, with the latest figure at 0.2 in Q2 2026.

  • On a quarterly basis, Debt Ratio fell 65.99% year-over-year to 0.2 in Q2 2026; TTM through Jun 2026 was 0.2, a 65.99% decrease from a year earlier, with the FY2025 full-year figure at 0.52, up 21.14% from the prior year.
  • Debt Ratio was 0.2 for Q2 2026 at Enphase Energy, 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.
  • Average Debt Ratio over 5 years is 0.45, with a median of 0.44 recorded in 2024.
  • The sharpest annual moves came in 2025 and 2026: Debt Ratio surged 36.92% in 2025, then sank 65.99% in 2026.
  • Over 5 years, Debt Ratio stood at 0.45 in 2022, then fell by 14.61% to 0.38 in 2023, then grew by 12.95% to 0.43 in 2024, then increased by 21.14% to 0.52 in 2025, then slumped by 62.5% to 0.2 in 2026.
  • The last three Debt Ratio figures came in at 0.2 (Q2 2026), 0.21 (Q1 2026), and 0.52 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 21.97 Bn 20.25 Bn 605.00 Mn 0.00
2 Nextpower 12.81 Bn 11.60 Bn 335.85 Mn -
3 Enphase Energy 4.81 Bn 3.87 Bn 175.01 Mn 0.20
4 Solaredge Technologies 2.10 Bn 1.52 Bn 95.15 Mn -
5 T1 Energy 1.29 Bn 1.14 Bn 49.10 Mn 0.37
6 Shoals Technologies 1.20 Bn 1.18 Bn 49.53 Mn 0.19
7 Canadian Solar 896.45 Mn 597.20 Mn 168.48 Mn 0.40
8 Array Technologies 708.44 Mn 401.13 Mn 99.60 Mn 0.44
9 JinkoSolar Holding 627.24 Mn -480.04 Mn 75.62 Mn 0.31
10 Toyo 133.94 Mn 23.90 Mn 36.97 Mn 0.05
Historic Data

Historic Data

Download Data
DateValue
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