SolarMax Technology (SMXT) Debt Ratio (2022 - 2026)

SolarMax Technology (SMXT) has reported Debt Ratio for 5 consecutive years, with 0.22 the latest figure, recorded in Q1 2026.

• In Q1 2026, Debt Ratio fell 67.71% year-over-year to 0.22; the TTM figure through Mar 2026 stood at 0.22 (down 67.71% YoY), while the FY2025 annual figure was 0.12, down 64.05% from the prior year.
• Debt Ratio improved 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 0.68 in Q2 2025 and bottomed at 0.12 in Q4 2025.
• Historically, Debt Ratio has averaged 0.3 across 5 years, with a median of 0.19 in 2024.
• Annual changes were most pronounced in 2025 — Debt Ratio jumped 277.02% — and 2026, when it tumbled 67.71%.
• SolarMax Technology's Debt Ratio stood at 0.19 in 2022, then slipped by 4.1% to 0.18 in 2023, then surged by 72.96% to 0.32 in 2024, then sank by 64.05% to 0.12 in 2025, then surged by 89.12% to 0.22 in 2026.
• Business Quant data shows SMXT's Debt Ratio at 0.22 in Q1 2026, 0.12 in Q4 2025, and 0.18 in Q3 2025.