SolarMax Technology (SMXT) Debt Ratio (2022 - 2026)
SolarMax Technology (SMXT) reported Debt Ratio of 0.22 for Q1 2026, down 32.07% year-over-year from 0.32 in Q1 2025, and up 89.12% on a QoQ basis from 0.12 in Q4 2025.
SolarMax Technology (SMXT) has 5 years of Debt Ratio data on file, last reported at 0.22 in Q1 2026.
- Quarterly Debt Ratio fell 32.07% year-over-year to 0.22 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.22 (down 32.07% YoY) and the FY2025 annual result came in at 0.12, down 55.12% from the prior year.
- Debt Ratio advanced to 0.22 in Q1 2026 per SMXT's latest filing, from 0.12 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.47 in Q3 2024 and bottomed at 0.12 in Q4 2025.
- The 5-year median for Debt Ratio is 0.22 (2026), against an average of 0.26.
- Peak annual rise in Debt Ratio reached 79.21% in 2025, while the deepest fall reached 62.07% in 2025.
- Tracing SMXT's Debt Ratio over 5 years: stood at 0.44 in 2022, then tumbled by 57.87% to 0.18 in 2023, then surged by 38.55% to 0.26 in 2024, then plunged by 55.12% to 0.12 in 2025, then surged by 89.12% to 0.22 in 2026.
- Per Business Quant, the three latest SMXT Debt Ratio figures stand at 0.22 (Q1 2026), 0.12 (Q4 2025), and 0.18 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.03 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.35 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.21 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.02 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.18 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 0.45 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.15 |
| 10 | SolarMax Technology | 30.01 Mn | 25.71 Mn | 3.05 Mn | 0.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.22 |
| Dec 31, 2025 | 0.12 |
| Sep 30, 2025 | 0.37 |
| Jun 30, 2025 | 0.32 |
| Mar 31, 2025 | 0.20 |
| Dec 31, 2024 | 0.32 |
| Sep 30, 2024 | 0.47 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.44 |