Enphase Energy (ENPH) Interest Coverage Ratio (2011 - 2026)
Enphase Energy's Interest Coverage Ratio came in at 19.77 for Q3 2026, down 75.2% from 79.71 a year earlier and down 87.4% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Interest Coverage Ratio (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Enphase Energy reported Interest Coverage Ratio of 24.00, down 24.9% year-over-year; for FY2025, it was 34.84, up 301.4% from FY2024.
- Going back by year, Interest Coverage Ratio was 8.68 in FY2024 (-82.8%), 50.43 in FY2023 (+6.2%), 47.50 in FY2022 (+893.6%) and 4.78 in FY2021 (-46.2%).
- The five-year range for quarterly Interest Coverage Ratio is -46.83 (Q1 2026) to 157.55 (Q2 2026).
- Year-over-year, Interest Coverage Ratio increased in three of the last four quarters, with growth averaging 110.3%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q2 2022 (growth of 813.2%), and the weakest in Q2 2024 (a decline of 98.9%).
- Business Quant data shows ENPH's Interest Coverage Ratio at 157.55 (Q2 2026), -46.83 (Q1 2026) and 27.07 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 19.63 |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 29.96 |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 228.50 |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 25.86 |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 9.80 |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 4.13 |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 14.29 |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 2.05 |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 19.77 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.77 |
| Jun 30, 2026 | 157.55 |
| Mar 31, 2026 | -46.83 |
| Dec 31, 2025 | 27.07 |
| Sep 30, 2025 | 79.71 |
| Jun 30, 2025 | 45.41 |
| Mar 31, 2025 | 15.59 |
| Dec 31, 2024 | 24.34 |
| Sep 30, 2024 | 22.26 |
| Jun 30, 2024 | 0.81 |
| Mar 31, 2024 | -13.25 |
| Dec 31, 2023 | -4.51 |
| Sep 30, 2023 | 53.73 |
| Jun 30, 2023 | 76.76 |
| Mar 31, 2023 | 77.77 |
| Dec 31, 2022 | 68.87 |
| Sep 30, 2022 | 60.06 |
| Jun 30, 2022 | 43.37 |
| Mar 31, 2022 | 22.60 |
| Dec 31, 2021 | 4.55 |
API Access
Enphase Energy Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();