SolarMax Technology (SMXT) Debt to Equity (2022 - 2026)
SolarMax Technology (SMXT) reported Debt to Equity of -$2.02 for Q1 2026, down 160.09% year-over-year from $3.37 in Q1 2025, and down 135.47% quarter-over-quarter from -$0.86 in Q4 2025.
SolarMax Technology (SMXT) Debt to Equity (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 5 years of Debt to Equity data on file, last reported at -$2.02 in Q1 2026.
- Debt to Equity for Q1 2026 came in at -$2.02, down 160.09% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.02 (down 160.09% YoY), and the FY2025 annual result was -$0.86, down 30.98% from the prior year.
- Debt to Equity retreated to -$2.02 in Q1 2026 per SMXT's latest filing, from -$0.86 in the prior quarter.
- Over five years, Debt to Equity peaked at -$0.57 in Q4 2023 and troughed at -$16.7 in Q1 2024.
- A 5-year average of -$2.76 and a median of -$0.89 in 2025 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2025 and 2026: Debt to Equity soared 95.34% in 2025, then tumbled 160.09% in 2026.
- A 5-year view of Debt to Equity shows it stood at -$1.67 in 2022, then jumped by 65.99% to -$0.57 in 2023, then declined by 15.9% to -$0.66 in 2024, then sank by 30.98% to -$0.86 in 2025, then tumbled by 135.47% to -$2.02 in 2026.
- Business Quant data shows SMXT's Debt to Equity at -$2.02 in Q1 2026, -$0.86 in Q4 2025, and -$0.89 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.04 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.52 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.13 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.30 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -3.11 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | - |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 Mn | 3.05 Mn | -2.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.02 |
| Dec 31, 2025 | -0.86 |
| Sep 30, 2025 | -0.89 |
| Jun 30, 2025 | -0.82 |
| Mar 31, 2025 | -0.78 |
| Dec 31, 2024 | -0.66 |
| Sep 30, 2024 | -1.86 |
| Jun 30, 2024 | -3.53 |
| Mar 31, 2024 | -16.70 |
| Dec 31, 2023 | -0.57 |
| Dec 31, 2022 | -1.67 |