Enphase Energy (ENPH) Debt to Equity (2011 - 2026)

Enphase Energy's Debt to Equity history runs 16 years deep, the most recent figure standing at $0.52 for Q1 2026.

• In Q1 2026, Debt to Equity fell 64.97% year-over-year to $0.52; the TTM figure through Mar 2026 stood at $0.52 (down 64.97% YoY), while the FY2025 annual figure was $1.11, down 29.13% from the prior year.
• Debt to Equity was $0.52 for Q1 2026 at Enphase Energy, down from $1.11 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $224.39 in Q2 2025 to a low of -$191.33 in Q1 2024.
• Historically, Debt to Equity has averaged -$6.69 across 5 years, with a median of $1.36 in 2023.
• The sharpest annual moves came in 2024 and 2025: Debt to Equity sank 2530.97% in 2024, then jumped 237.45% in 2025.
• A 5-year view of Debt to Equity shows it stood at $1.56 in 2022, then slipped by 15.85% to $1.32 in 2023, then rose by 18.87% to $1.56 in 2024, then fell by 29.13% to $1.11 in 2025, then plunged 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.