Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 51.74% is in line with its 5-year average of 48.44%, around the middle of its 5-year range (39.08%–81.09%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.07% above its 12-month average of 47.88%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
51.74%
DEBT TO ASSETS RATIO AVG TTM
47.88%
DEBT TO ASSETS RATIO AVG 3Y
44.45%
DEBT TO ASSETS RATIO AVG 5Y
44.65%
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.07%
CURRENT VS 3Y AVG
+16.41%
CURRENT VS 5Y AVG
+15.88%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.25%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+20596.73%
vs the sector median at left
Array Technologies, Inc.
Market Cap
$906.04M
Debt to Assets Ratio
51.74%
TTM Avg
47.88%
3Y Avg
44.45%
5Y Avg
44.65%
Market Cap
$1.23B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.90B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.41B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.65B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $906.04M | 51.74% | 47.88% | 44.45% | 44.65% |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 0.20% | N/A | N/A | N/A |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.23B | 0.00% | N/A | N/A | N/A |
| Star Group, L.P. (SGU)vs › | $419.62M | 0.29% | N/A | N/A | N/A |
| enCore Energy Corp. (EU)vs › | $231.13M | 0.25% | N/A | N/A | N/A |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.90B | 0.18% | N/A | N/A | N/A |
| Helmerich & Payne, Inc. (HP)vs › | $3.41B | 0.32% | N/A | N/A | N/A |
| Centrus Energy Corp. (LEU)vs › | $3.58B | 0.48% | N/A | N/A | N/A |
| California Resources Corp (CRC)vs › | $4.65B | 0.19% | N/A | N/A | N/A |
| Enphase Energy, Inc. (ENPH)vs › | $5.43B | N/A | N/A | N/A | N/A |
Debt/Assets
51.7%
Debt/Equity
2.85
Current Ratio
2.25
Interest Coverage
2.7x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 51.74% |
| 2025-12-31 | 52.78% |
| 2025-09-30 | 42.27% |
| 2025-06-30 | 44.99% |
| 2025-03-31 | 47.62% |
| 2024-12-31 | 48.95% |
| 2024-09-30 | 43.27% |
| 2024-06-30 | 41.22% |
| 2024-03-31 | 41.75% |
| 2023-12-31 | 42.80% |
| 2023-09-30 | 39.22% |
| 2023-06-30 | 39.94% |
| 2023-03-31 | 41.26% |
| 2022-12-31 | 45.11% |
| 2022-09-30 | 45.95% |
| 2022-06-30 | 47.60% |
| 2022-03-31 | 48.17% |
| 2021-12-31 | 63.57% |
| 2021-09-30 | 39.08% |
| 2021-06-30 | 81.09% |
| 2021-03-31 | 68.97% |
| 2020-12-31 | 65.28% |
| 2020-09-30 | 0.02% |
| 2020-06-30 | 5.00% |
| 2019-12-31 | 10.58% |
