FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026)
FTC Solar's (FTCI) quarterly Interest Coverage Ratio came in at 3.17 in Q2 2026, up 79.86% on a YoY basis from 1.76 in Q2 2025, and down 2.47% quarter-over-quarter from 3.09 in Q1 2026.
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Analysis
FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Interest Coverage Ratio for 5 consecutive years, with 3.17 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio rose 79.86% year-over-year to 3.17; the trailing twelve-month figure through Jun 2026 stood at 2.61 (up 91.16% YoY), and the FY2025 full-year result was 4.32, up 94.28% from the prior year.
- Interest Coverage Ratio declined to 3.17 in Q2 2026 per FTCI's latest filing, from 3.09 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 1.19 in Q4 2025 and bottomed at 1069.71 in Q3 2024.
- Historically, Interest Coverage Ratio has averaged 130.63 across 3 years, with a median of 15.29 in 2025.
- The widest YoY moves for Interest Coverage Ratio: up 99.64% in 2025, down 62.34% in 2025.
- Over 3 years, Interest Coverage Ratio stood at 53.29 in 2024, then surged by 97.78% to 1.19 in 2025, then plunged by 167.31% to 3.17 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 3.17, 3.09, and 1.19 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 157.55 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -1.30 |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -1.12 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 6.01 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -3.71 |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | -3.17 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.17 |
| Mar 31, 2026 | -3.09 |
| Dec 31, 2025 | -1.19 |
| Sep 30, 2025 | -3.88 |
| Jun 30, 2025 | -15.73 |
| Mar 31, 2025 | -14.85 |
| Dec 31, 2024 | -53.29 |
| Sep 30, 2024 | -1,069.71 |
| Jun 30, 2024 | -101.91 |
| Mar 31, 2024 | -39.44 |
| Dec 31, 2021 | -2,942.88 |
| Sep 30, 2021 | -1,751.54 |
| Jun 30, 2021 | -1,575.48 |
| Dec 31, 2020 | 11,339.00 |
| Sep 30, 2020 | -2,525.00 |