Enphase Energy (ENPH) Debt Ratio (2011 - 2026)
Enphase Energy's quarterly Debt Ratio came in at 0.21 in Q1 2026, down 45.68% year-on-year from 0.39 in Q1 2025, and down 38.75% quarter-over-quarter from 0.34 in Q4 2025.
Enphase Energy has reported Debt Ratio for 16 years, with the latest figure at 0.21 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio fell 45.68% year-over-year to 0.21; the trailing twelve-month figure through Mar 2026 stood at 0.21 (down 45.68% YoY), and the FY2025 full-year result was 0.34, down 14.38% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.21, down from 0.34 in the prior quarter.
- The five-year high for Debt Ratio was 0.57 in Q1 2022, with the low at 0.21 in Q1 2026.
- Average Debt Ratio over 5 years is 0.4, with a median of 0.39 recorded in 2025.
- Year-over-year, Debt Ratio increased 24.22% in 2022 and sank 45.68% in 2026.
- Tracing ENPH's Debt Ratio over 5 years: stood at 0.42 in 2022, then retreated by 8.59% to 0.38 in 2023, then increased by 4.8% to 0.4 in 2024, then retreated by 14.38% to 0.34 in 2025, then slumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.03 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.35 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.21 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.02 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.18 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 0.45 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.15 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.34 |
| Sep 30, 2025 | 0.36 |
| Jun 30, 2025 | 0.38 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.40 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.41 |
| Mar 31, 2024 | 0.40 |
| Dec 31, 2023 | 0.38 |
| Sep 30, 2023 | 0.36 |
| Jun 30, 2023 | 0.37 |
| Mar 31, 2023 | 0.38 |
| Dec 31, 2022 | 0.42 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.53 |
| Mar 31, 2022 | 0.57 |
| Dec 31, 2021 | 0.50 |
| Sep 30, 2021 | 0.46 |
| Jun 30, 2021 | 0.48 |
| Mar 31, 2021 | 0.46 |
| Dec 31, 2020 | 0.28 |
| Sep 30, 2020 | 0.33 |
| Jun 30, 2020 | 0.36 |
| Mar 31, 2020 | 0.38 |
| Dec 31, 2019 | 0.15 |
| Jun 30, 2019 | 0.21 |
| Mar 31, 2019 | 0.21 |
| Dec 31, 2018 | 0.32 |
| Sep 30, 2018 | 0.34 |
| Jun 30, 2018 | 0.24 |
| Mar 31, 2018 | 0.24 |
| Dec 31, 2017 | 0.29 |
| Sep 30, 2017 | 0.27 |
| Jun 30, 2017 | 0.25 |
| Mar 31, 2017 | 0.28 |
| Dec 31, 2016 | 0.19 |
| Sep 30, 2016 | 0.20 |
| Jun 30, 2016 | 0.08 |
| Mar 31, 2016 | 0.13 |
| Dec 31, 2015 | 0.10 |
| Sep 30, 2015 | 0.09 |
| Jun 30, 2015 | 0.09 |
| Sep 30, 2014 | 0.04 |
| Jun 30, 2014 | 0.05 |
| Mar 31, 2014 | 0.07 |
| Dec 31, 2013 | 0.07 |
| Sep 30, 2013 | 0.08 |
| Jun 30, 2013 | 0.09 |
| Mar 31, 2013 | 0.09 |
| Dec 31, 2012 | 0.09 |
| Mar 31, 2012 | 0.14 |
| Dec 31, 2011 | 0.14 |