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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Enphase Energy (ENPH) Debt to Equity (2016 - 2025)

Enphase Energy has reported Debt to Equity over the past 15 years, most recently at $1.11 for Q4 2025.

  • Quarterly results put Debt to Equity at $1.11 for Q4 2025, down 29.13% from a year ago — trailing twelve months through Dec 2025 was $1.11 (down 29.13% YoY), and the annual figure for FY2025 was $1.11, down 29.13%.
  • Debt to Equity for Q4 2025 was $1.11 at Enphase Energy, down from $1.21 in the prior quarter.
  • Over the last five years, Debt to Equity for ENPH hit a ceiling of $527.1 in Q2 2021 and a floor of -$746.52 in Q1 2025.
  • Median Debt to Equity over the past 5 years was $1.36 (2021), compared with a mean of -$15.2.
  • Biggest five-year swings in Debt to Equity: surged 24351.68% in 2021 and later crashed 580.92% in 2025.
  • Enphase Energy's Debt to Equity stood at $2.41 in 2021, then tumbled by 35.21% to $1.56 in 2022, then fell by 15.85% to $1.32 in 2023, then grew by 18.87% to $1.56 in 2024, then dropped by 29.13% to $1.11 in 2025.
  • The last three reported values for Debt to Equity were $1.11 (Q4 2025), $1.21 (Q3 2025), and $224.39 (Q2 2025) per Business Quant data.