FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026)

FTC Solar (FTCI) posted Interest Coverage Ratio of 2.73 for Q1 2026, down 80.41% on a QoQ basis from 1.52 in Q4 2025, and down 149.79% year-over-year from 5.49 in Q1 2025.

FTC Solar (FTCI) Interest Coverage Ratio (2020 - 2026) Analysis & Trends

FTC Solar's Interest Coverage Ratio history runs 7 years deep, the most recent figure standing at 2.73 for 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 1.22 (up 76.88% YoY) and the FY2025 annual result came in at 2.52, up 23.77% from the prior year.
  • Interest Coverage Ratio was 2.73 for Q1 2026 at FTC Solar, down from 1.52 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 0.63 in Q4 2023 and bottomed at 53.83 in Q1 2022.
  • A 5-year average of 5.03 and a median of 1.67 in 2024 frame the typical range for Interest Coverage Ratio.
  • Annual changes were most pronounced in 2022 — Interest Coverage Ratio plunged 1840.79% — and 2023, when it soared 97.15%.
  • FTC Solar's Interest Coverage Ratio stood at 2.48 in 2022, then surged by 74.66% to 0.63 in 2023, then plunged by 517.86% to 3.88 in 2024, then surged by 60.97% to 1.52 in 2025, then sank by 80.41% to 2.73 in 2026.
  • Business Quant data shows FTCI's Interest Coverage Ratio at 2.73 in Q1 2026, 1.52 in Q4 2025, and 0.79 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 6.14
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.78
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -1.04
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -0.66
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -0.21
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 2.66
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.32
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.25
10 FTC Solar 48.88 Mn 43.25 Mn -1.23 Mn -2.73

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.73
Dec 31, 2025 -1.52
Sep 30, 2025 -0.79
Jun 30, 2025 -1.17
Mar 31, 2025 -1.09
Dec 31, 2024 -3.88
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 8.30
Sep 30, 2021 -28.68
Jun 30, 2021 -41.60