Toyo (TOYO) Debt Ratio (2023 - 2026)

Name: Toyo (TOYO) Debt Ratio (2023 - 2026) | Business Quant
Creator: Business Quant

Toyo's quarterly Debt Ratio came in at 0.11 in Q1 2026, down 24.33% quarter-over-quarter from 0.14 in Q4 2025.

Toyo has reported Debt Ratio for 4 years, with the latest figure at 0.11 in Q1 2026.

For the quarter ending Q1 2026, Debt Ratio changed N/A year-over-year to 0.11; the trailing twelve-month figure through Mar 2026 stood at 0.11 (changed N/A YoY), and the FY2025 full-year result was 0.14, down 8.8% from the prior year.
Debt Ratio for Q1 2026 stood at 0.11, down from 0.14 in the prior quarter.
The five-year high for Debt Ratio was 0.15 in Q4 2024, with the low at 0.05 in Q4 2023.
Average Debt Ratio over 4 years is 0.11, with a median of 0.12 recorded in 2026.
Year-over-year, Debt Ratio soared 212.12% in 2024 and decreased 8.8% in 2025.
Tracing TOYO's Debt Ratio over 4 years: stood at 0.05 in 2023, then soared by 212.12% to 0.15 in 2024, then decreased by 8.8% to 0.14 in 2025, then dropped by 24.33% to 0.11 in 2026.
The last three Debt Ratio figures came in at 0.11 (Q1 2026), 0.14 (Q4 2025), and 0.15 (Q4 2024), per Business Quant data.

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	Toyo	14,082.60	-59.56 Mn	47.76 Mn	0.11

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