Enphase Energy (ENPH) Interest Coverage Ratio (2011 - 2026)

Enphase Energy's (ENPH) quarterly Interest Coverage Ratio came in at 1.04 in Q1 2026, down 208.83% year-on-year from 0.96 in Q1 2025, and down 235.02% quarter-over-quarter from 0.77 in Q4 2025.

Enphase Energy (ENPH) Interest Coverage Ratio (2011 - 2026) Analysis & Trends

Enphase Energy's Interest Coverage Ratio history runs 16 years deep, the most recent figure standing at 1.04 for Q1 2026.

  • On a quarterly basis, Interest Coverage Ratio fell 208.83% year-over-year to 1.04 in Q1 2026; TTM through Mar 2026 was 3.38, a 18.69% decrease from a year earlier, with the FY2025 full-year figure at 5.42, up 143.24% from the prior year.
  • Interest Coverage Ratio declined to 1.04 in Q1 2026 per ENPH's latest filing, from 0.77 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 29.45 in Q4 2022 and bottomed at 1.04 in Q1 2026.
  • The 5-year median for Interest Coverage Ratio is 1.78 (2025), against an average of 3.43.
  • Across the five-year window, Interest Coverage Ratio jumped 1778.61% in 2025 and slumped 208.83% in 2026, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 29.45 in 2022, then slumped by 100.77% to 0.23 in 2023, then surged by 1261.41% to 2.62 in 2024, then sank by 70.54% to 0.77 in 2025, then plunged by 235.02% to 1.04 in 2026.
  • Per Business Quant, the three latest ENPH Interest Coverage Ratio figures stand at 1.04 (Q1 2026), 0.77 (Q4 2025), and 1.78 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 6.14
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.78
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -1.04
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -0.66
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -0.21
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 2.66
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.32
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.25
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -46.19

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.04
Dec 31, 2025 0.77
Sep 30, 2025 1.78
Jun 30, 2025 1.12
Mar 31, 2025 0.96
Dec 31, 2024 2.62
Sep 30, 2024 1.39
Jun 30, 2024 0.06
Mar 31, 2024 -0.94
Dec 31, 2023 -0.23
Sep 30, 2023 2.90
Jun 30, 2023 4.64
Mar 31, 2023 4.86
Dec 31, 2022 29.45
Sep 30, 2022 4.19
Jun 30, 2022 3.22
Mar 31, 2022 2.58
Dec 31, 2021 4.55
Sep 30, 2021 2.23
Jun 30, 2021 3.96