Toyo (TOYO) Debt to Equity (2023 - 2026)

Toyo (TOYO) recorded quarterly Debt to Equity of $0.01 in Q1 2026, down 80.2% quarter-over-quarter from $0.05 in Q4 2025.

Toyo (TOYO) Debt to Equity (2023 - 2026) Analysis & Trends

Toyo's Debt to Equity history runs 4 years deep, the most recent figure standing at $0.01 for Q1 2026.

  • In Q1 2026, Debt to Equity changed N/A year-over-year to $0.01; the TTM figure through Mar 2026 stood at $0.01 (changed N/A YoY), while the FY2025 annual figure was $0.05, down 92.13% from the prior year.
  • Debt to Equity was $0.01 for Q1 2026 at Toyo, down from $0.05 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $207735.1 in Q4 2023 to a low of $0.01 in Q1 2026.
  • Historically, Debt to Equity has averaged $34622.7 across 4 years, with a median of $0.25 in 2025.
  • The sharpest annual moves came in 2024 and 2025: Debt to Equity plunged 100.0% in 2024, then slumped 36.75% in 2025.
  • A 4-year view of Debt to Equity shows it stood at $207735.1 in 2023, then slumped by 100.0% to $0.62 in 2024, then slumped by 92.13% to $0.05 in 2025, then tumbled by 80.2% to $0.01 in 2026.
  • The last three Debt to Equity figures came in at $0.01 (Q1 2026), $0.05 (Q4 2025), and $0.19 (Q2 2025), per Business Quant data.

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 Toyo 9.64 Mn -67.00 Mn 47.76 Mn 0.01

Historic Data

Download Data
DateValue
Mar 31, 2026 0.01
Dec 31, 2025 0.05
Jun 30, 2025 0.19
Dec 31, 2024 0.62
Jun 30, 2024 0.31
Dec 31, 2023 207,735.06