Enphase Energy (ENPH) Debt Ratio (2011 - 2026)
Enphase Energy's (ENPH) Debt Ratio stood at 0.20 in Q2 2026, down 48.1% from 0.38 a year earlier and down 6.6% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Debt Ratio (2011 - 2026) Analysis & Trends
For FY2025, Enphase Energy's Debt Ratio came in at 0.34, down 14.4% from FY2024.
- Across earlier years, Debt Ratio came in at 0.40 in FY2024 (+4.8%), 0.38 in FY2023 (-8.6%), 0.42 in FY2022 (-16.2%) and 0.50 in FY2021 (+81.0%).
- The Q2 2026 figure is the lowest quarterly Debt Ratio since Q4 2019.
- On a year-over-year basis, Debt Ratio has declined for six consecutive quarters, with an average decline of 14.2% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 81.0% in Q4 2021, against a decline of 48.1% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.21 (Q1 2026), 0.34 (Q4 2025) and 0.36 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 0.03 |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 0.00 |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 0.00 |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 0.46 |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 0.23 |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 0.26 |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 0.20 |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 0.13 |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| 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 |
API Access
Enphase Energy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();