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
DateValue
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