Enphase Energy (ENPH) Debt to Equity (2011 - 2026)
Enphase Energy's quarterly Debt to Equity came in at $0.52 in Q1 2026, down 64.97% year-on-year from $1.48 in Q1 2025, and down 53.13% quarter-over-quarter from $1.11 in Q4 2025.
Enphase Energy has reported Debt to Equity for 16 years, with the latest figure at $0.52 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 64.97% year-over-year to $0.52; the trailing twelve-month figure through Mar 2026 stood at $0.52 (down 64.97% YoY), and the FY2025 full-year result was $1.11, down 29.13% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.52, down from $1.11 in the prior quarter.
- The five-year high for Debt to Equity was $224.39 in Q2 2025, with the low at -$191.33 in Q1 2024.
- Average Debt to Equity over 5 years is -$6.69, with a median of $1.36 recorded in 2023.
- Year-over-year, Debt to Equity sank 2530.97% in 2024 and soared 237.45% in 2025.
- Tracing ENPH's Debt to Equity over 5 years: stood at $1.56 in 2022, then dropped by 15.85% to $1.32 in 2023, then gained by 18.87% to $1.56 in 2024, then retreated by 29.13% to $1.11 in 2025, then tumbled by 53.13% to $0.52 in 2026.
- The last three Debt to Equity figures came in at $0.52 (Q1 2026), $1.11 (Q4 2025), and $1.21 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.04 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.36 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.52 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.13 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.30 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -3.11 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.71 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.52 |
| Dec 31, 2025 | 1.11 |
| Sep 30, 2025 | 1.21 |
| Jun 30, 2025 | 224.39 |
| Mar 31, 2025 | 1.48 |
| Dec 31, 2024 | 1.56 |
| Sep 30, 2024 | 1.40 |
| Jun 30, 2024 | -163.25 |
| Mar 31, 2024 | -191.33 |
| Dec 31, 2023 | 1.32 |
| Sep 30, 2023 | 1.27 |
| Jun 30, 2023 | 6.83 |
| Mar 31, 2023 | 7.87 |
| Dec 31, 2022 | 1.56 |
| Sep 30, 2022 | 2.11 |
| Jun 30, 2022 | -5.12 |
| Dec 31, 2021 | 2.41 |
| Sep 30, 2021 | 1.58 |
| Jun 30, 2021 | 527.10 |
| Mar 31, 2021 | -51.43 |
| Dec 31, 2020 | 0.68 |
| Sep 30, 2020 | 0.87 |
| Jun 30, 2020 | -2.17 |
| Mar 31, 2020 | -3.40 |
| Dec 31, 2019 | 0.39 |
| Mar 31, 2019 | -68,391.00 |
| Dec 31, 2018 | 14.12 |
| Sep 30, 2018 | 26.96 |
| Jun 30, 2018 | -1.73 |
| Mar 31, 2018 | -137.85 |
| Dec 31, 2017 | -5.45 |
| Sep 30, 2017 | -6.10 |
| Jun 30, 2017 | -17.36 |
| Mar 31, 2017 | 6.28 |
| Dec 31, 2016 | 23.74 |
| Sep 30, 2016 | 3.45 |
| Jun 30, 2016 | 1.00 |
| Mar 31, 2016 | 0.78 |
| Dec 31, 2015 | 0.41 |
| Sep 30, 2015 | 0.32 |
| Jun 30, 2015 | 0.35 |
| Sep 30, 2014 | 0.14 |
| Jun 30, 2014 | 0.18 |
| Mar 31, 2014 | 0.21 |
| Dec 31, 2013 | 0.22 |
| Sep 30, 2013 | 0.23 |
| Jun 30, 2013 | 0.22 |
| Mar 31, 2013 | 0.22 |
| Dec 31, 2012 | 0.20 |
| Mar 31, 2012 | 3.09 |
| Dec 31, 2011 | 1.05 |