FTC Solar (FTCI) Debt Ratio (2020 - 2026)
FTC Solar (FTCI) posted Debt Ratio of 0.23 for Q1 2026, up 14.25% on a QoQ basis from 0.2 in Q4 2025, and up 90.91% year-over-year from 0.12 in Q1 2025.
FTC Solar (FTCI) Debt Ratio (2020 - 2026) Analysis & Trends
FTC Solar's Debt Ratio history runs 4 years deep, the most recent figure standing at 0.23 for Q1 2026.
- Quarterly Debt Ratio rose 90.91% year-over-year to 0.23 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.23 (up 90.91% YoY) and the FY2025 annual result came in at 0.2, up 92.04% from the prior year.
- Debt Ratio was 0.23 for Q1 2026 at FTC Solar, up from 0.2 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.23 in Q1 2026 and bottomed at 0.11 in Q4 2024.
- A 3-year average of 0.16 and a median of 0.14 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2025 — Debt Ratio soared 92.04% — and 2026, when it soared 90.91%.
- FTC Solar's Debt Ratio stood at 0.11 in 2024, then surged by 92.04% to 0.2 in 2025, then rose by 14.25% to 0.23 in 2026.
- Business Quant data shows FTCI's Debt Ratio at 0.23 in Q1 2026, 0.2 in Q4 2025, and 0.15 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 0.03 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 0.21 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 0.15 |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 0.02 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 0.18 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 0.55 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.45 |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | 0.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.23 |
| Dec 31, 2025 | 0.20 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.12 |
| Dec 31, 2024 | 0.11 |
| Dec 31, 2020 | 0.02 |