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.

• On a quarterly basis, Debt Ratio fell 45.68% year-over-year to 0.21 in Q1 2026; TTM through Mar 2026 was 0.21, a 45.68% decrease from a year earlier, with the FY2025 full-year figure at 0.52, up 30.56% from the prior year.
• Debt Ratio declined to 0.21 in Q1 2026 per ENPH's latest filing, from 0.52 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.61 in Q1 2022 and bottomed at 0.21 in Q1 2026.
• The 5-year median for Debt Ratio is 0.4 (2024), against an average of 0.43.
• Across the five-year window, Debt Ratio soared 38.76% in 2025 and sank 45.68% in 2026, its largest moves.
• Year by year, Debt Ratio stood at 0.42 in 2022, then declined by 8.59% to 0.38 in 2023, then grew by 4.8% to 0.4 in 2024, then soared by 30.56% to 0.52 in 2025, then slumped by 59.83% to 0.21 in 2026.
• Per Business Quant, the three latest ENPH Debt Ratio figures stand at 0.21 (Q1 2026), 0.52 (Q4 2025), and 0.55 (Q3 2025).