Toyo (TOYO) Debt Ratio (2023 - 2026)
Toyo (TOYO) posted Debt Ratio of 0.05 for Q2 2026, down 21.41% on a QoQ basis from 0.07 in Q1 2026, and down 62.09% year-over-year from 0.14 in Q2 2025.
Analysis
Toyo (TOYO) Debt Ratio (2023 - 2026) Analysis & Trends
Toyo has reported Debt Ratio for 4 years, with the latest figure at 0.05 in Q2 2026.
- On a quarterly basis, Debt Ratio fell 62.09% year-over-year to 0.05 in Q2 2026; TTM through Jun 2026 was 0.05, a 62.09% decrease from a year earlier, with the FY2025 full-year figure at 0.15, down 4.54% from the prior year.
- Debt Ratio was 0.05 for Q2 2026 at Toyo, down from 0.07 in the prior quarter.
- The five-year high for Debt Ratio was 7.73 in Q1 2025, with the low at 0.05 in Q2 2026.
- Average Debt Ratio over 4 years is 1.15, with a median of 0.15 recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Debt Ratio declined 4.54% in 2025, then sank 99.12% in 2026.
- Over 4 years, Debt Ratio stood at 0.65 in 2023, then plunged by 76.12% to 0.15 in 2024, then decreased by 4.54% to 0.15 in 2025, then sank by 63.82% to 0.05 in 2026.
- The last three Debt Ratio figures came in at 0.05 (Q2 2026), 0.07 (Q1 2026), and 0.15 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 0.20 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 0.37 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 0.40 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 0.44 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 0.31 |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.05 |
| Mar 31, 2026 | 0.07 |
| Dec 31, 2025 | 0.15 |
| Jun 30, 2025 | 0.14 |
| Mar 31, 2025 | 7.73 |
| Dec 31, 2024 | 0.15 |
| Jun 30, 2024 | 0.23 |
| Dec 31, 2023 | 0.65 |