FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026)
FTC Solar's (FTCI) quarterly Interest Coverage Ratio came in at 2.73 in Q1 2026, down 149.79% YoY from 5.49 in Q1 2025, and down 413.96% on a QoQ basis from 0.53 in Q4 2025.
FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Interest Coverage Ratio data on file, last reported at 2.73 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 149.79% year-over-year to 2.73 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.69 (up 68.01% YoY) and the FY2025 annual result came in at 2.52, up 23.77% from the prior year.
- Interest Coverage Ratio retreated to 2.73 in Q1 2026, from 0.53 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 1.13 in Q4 2024 to a low of 53.83 in Q1 2022.
- A 5-year average of 4.67 and a median of 1.64 in 2024 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 1840.79% — and 2024, when it soared 280.49%.
- Tracing FTCI's Interest Coverage Ratio over 5 years: stood at 2.48 in 2022, then soared by 74.66% to 0.63 in 2023, then soared by 280.49% to 1.13 in 2024, then slumped by 146.89% to 0.53 in 2025, then plunged by 413.96% to 2.73 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.73 (Q1 2026), 0.53 (Q4 2025), and 0.79 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 157.55 |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -1.30 |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.32 |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 6.01 |
| 10 | FTC Solar | 34.34 Mn | 23.27 Mn | -2.23 Mn | -3.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.32 |
| Mar 31, 2026 | -2.73 |
| Dec 31, 2025 | -0.53 |
| Sep 30, 2025 | -0.79 |
| Jun 30, 2025 | -1.17 |
| Mar 31, 2025 | -1.09 |
| Dec 31, 2024 | 1.13 |
| Sep 30, 2024 | -1.67 |
| Jun 30, 2024 | -1.64 |
| Mar 31, 2024 | -1.79 |
| Dec 31, 2023 | -0.63 |
| Sep 30, 2023 | -2.10 |
| Jun 30, 2023 | -1.33 |
| Mar 31, 2023 | -1.53 |
| Dec 31, 2022 | -2.48 |
| Sep 30, 2022 | -3.21 |
| Jun 30, 2022 | -4.01 |
| Mar 31, 2022 | -53.83 |
| Dec 31, 2021 | -4.14 |
| Sep 30, 2021 | -28.68 |