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

Enphase Energy's Debt Ratio history runs 16 years deep, the most recent figure standing at 0.21 for Q1 2026.

• In Q1 2026, Debt Ratio fell 45.68% year-over-year to 0.21; the TTM figure through Mar 2026 stood at 0.21 (down 45.68% YoY), while the FY2025 annual figure was 0.34, down 14.38% from the prior year.
• Debt Ratio was 0.21 for Q1 2026 at Enphase Energy, down from 0.34 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.57 in Q1 2022 to a low of 0.21 in Q1 2026.
• Historically, Debt Ratio has averaged 0.4 across 5 years, with a median of 0.39 in 2025.
• The sharpest annual moves came in 2022 and 2026: Debt Ratio climbed 24.22% in 2022, then sank 45.68% in 2026.
• A 5-year view of Debt Ratio shows it stood at 0.42 in 2022, then fell by 8.59% to 0.38 in 2023, then grew by 4.8% to 0.4 in 2024, then fell by 14.38% to 0.34 in 2025, then tumbled by 38.75% to 0.21 in 2026.
• The last three Debt Ratio figures came in at 0.21 (Q1 2026), 0.34 (Q4 2025), and 0.36 (Q3 2025), per Business Quant data.