Growth Metrics

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

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DateValue
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