SolarMax Technology (SMXT) Interest Coverage Ratio (2023 - 2026)
SolarMax Technology's (SMXT) quarterly Interest Coverage Ratio came in at 0.24 in Q1 2026, up 108.19% year-on-year from 0.12 in Q1 2025, and up 109.14% on a QoQ basis from 2.64 in Q4 2025.
SolarMax Technology (SMXT) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 4 years of Interest Coverage Ratio data on file, last reported at 0.24 in Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 108.19% year-over-year to 0.24 in Q1 2026; TTM through Mar 2026 was 3.39, a 52.41% increase from a year earlier, with the FY2025 full-year figure at 4.58, down 247.59% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 0.24, up from 2.64 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for SMXT reached as high as 3.32 in Q3 2023 and fell as low as 41.61 in Q3 2024.
- Historically, Interest Coverage Ratio has averaged 8.05 across 4 years, with a median of 2.95 in 2025.
- Across the five-year window, Interest Coverage Ratio tumbled 2415.6% in 2024 and jumped 108.19% in 2026, its largest moves.
- Year by year, Interest Coverage Ratio stood at 0.27 in 2023, then tumbled by 409.67% to 1.4 in 2024, then tumbled by 88.58% to 2.64 in 2025, then surged by 109.14% to 0.24 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 0.24 in Q1 2026, 2.64 in Q4 2025, and 5.92 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 | SolarMax Technology | 18.57 Mn | 13.99 Mn | 3.05 Mn | 0.24 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.24 |
| Dec 31, 2025 | -2.64 |
| Sep 30, 2025 | -5.92 |
| Jun 30, 2025 | -6.96 |
| Mar 31, 2025 | -2.95 |
| Dec 31, 2024 | -1.40 |
| Sep 30, 2024 | -41.61 |
| Jun 30, 2024 | -9.92 |
| Mar 31, 2024 | -34.95 |
| Dec 31, 2023 | -0.27 |
| Sep 30, 2023 | 3.32 |
| Jun 30, 2023 | -3.09 |
| Mar 31, 2023 | 1.51 |