FTC Solar (FTCI) Debt Ratio (2020 - 2026)
FTC Solar's (FTCI) quarterly Debt Ratio came in at 0.46 in Q2 2026, up 251.6% on a YoY basis from 0.13 in Q2 2025, and up 39.85% quarter-over-quarter from 0.33 in Q1 2026.
Analysis
FTC Solar (FTCI) Debt Ratio (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Debt Ratio for 4 consecutive years, with 0.46 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 251.6% year-over-year to 0.46; the trailing twelve-month figure through Jun 2026 stood at 0.46 (up 251.6% YoY), and the FY2025 full-year result was 0.32, up 199.78% from the prior year.
- Debt Ratio improved to 0.46 in Q2 2026 per FTCI's latest filing, from 0.33 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.46 in Q2 2026 and bottomed at 0.11 in Q4 2024.
- Historically, Debt Ratio has averaged 0.23 across 3 years, with a median of 0.15 in 2025.
- The widest YoY moves for Debt Ratio: up 251.6% in 2026, down 172.95% in 2026.
- Over 3 years, Debt Ratio stood at 0.11 in 2024, then jumped by 199.78% to 0.32 in 2025, then soared by 46.34% to 0.46 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.46, 0.33, and 0.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 0.20 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 0.37 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 0.40 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 0.44 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 0.31 |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | 0.46 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.46 |
| Mar 31, 2026 | 0.33 |
| Dec 31, 2025 | 0.32 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.12 |
| Dec 31, 2024 | 0.11 |
| Dec 31, 2020 | 0.04 |