Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of -3.73 is 307% below its 5-year average of 1.80, around the middle of its 5-year range (-7.36–4.32).
As of the fiscal period ended Tuesday, June 30, 2026. 429.80% below its 12-month average of 1.13.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): -3.73.
DEBT TO EQUITY RATIO
-3.73
DEBT TO EQUITY RATIO AVG TTM
1.13
DEBT TO EQUITY RATIO AVG 3Y
1.77
DEBT TO EQUITY RATIO AVG 5Y
1.80
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-429.80%
CURRENT VS 3Y AVG
-310.65%
CURRENT VS 5Y AVG
-307.04%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.52
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-816.48%
vs the sector median at left
Array Technologies, Inc.
Market Cap
$608.38M
Debt to Equity Ratio
-3.73
TTM Avg
1.13
3Y Avg
1.77
5Y Avg
1.80
Market Cap
$165.13M
Debt to Equity Ratio
0.51
TTM Avg
0.28
3Y Avg
0.16
5Y Avg
0.11
Market Cap
$1.43B
Debt to Equity Ratio
0.01
TTM Avg
0.00
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$1.45B
Debt to Equity Ratio
0.04
TTM Avg
0.15
3Y Avg
0.22
5Y Avg
0.52
Market Cap
$2.07B
Debt to Equity Ratio
0.96
TTM Avg
1.07
3Y Avg
0.70
5Y Avg
0.65
Market Cap
$2.76B
Debt to Equity Ratio
1.39
TTM Avg
2.49
3Y Avg
3.49
5Y Avg
3.49
Market Cap
$4.13B
Debt to Equity Ratio
0.72
TTM Avg
0.74
3Y Avg
0.48
5Y Avg
0.41
Market Cap
$4.55B
Debt to Equity Ratio
0.70
TTM Avg
0.82
3Y Avg
1.17
5Y Avg
1.37
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $608.38M | -3.73 | 1.13 | 1.77 | 1.80 |
| Star Group, L.P. (SGU)vs › | $416.99M | 0.69 | 1.03 | 1.02 | 0.95 |
| enCore Energy Corp. (EU)vs › | $165.13M | 0.51 | 0.28 | 0.16 | 0.11 |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.43B | 0.01 | 0.00 | 0.01 | 0.01 |
| Natural Resource Partners L.P. (NRP)vs › | $1.45B | 0.04 | 0.15 | 0.22 | 0.52 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.07B | 0.96 | 1.07 | 0.70 | 0.65 |
| Centrus Energy Corp. (LEU)vs › | $2.76B | 1.39 | 2.49 | 3.49 | 3.49 |
| Helmerich & Payne, Inc. (HP)vs › | $4.13B | 0.72 | 0.74 | 0.48 | 0.41 |
| Oceaneering International, Inc. (OII)vs › | $4.55B | 0.70 | 0.82 | 1.17 | 1.37 |
| Enphase Energy, Inc. (ENPH)vs › | $4.57B | 0.52 | 1.37 | 1.42 | 1.47 |
Debt/Equity
-3.73
Current Ratio
2.20
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | -3.73 |
| 2026-03-31 | 2.85 |
| 2025-12-31 | 2.94 |
| 2025-09-30 | 1.68 |
| 2025-06-30 | 1.90 |
| 2025-03-31 | 2.10 |
| 2024-12-31 | 2.42 |
| 2024-09-30 | 1.48 |
| 2024-06-30 | 1.18 |
| 2024-03-31 | 1.14 |
| 2023-12-31 | 1.20 |
| 2023-09-30 | 1.13 |
| 2023-06-30 | 1.21 |
| 2023-03-31 | 1.43 |
| 2022-12-31 | 1.82 |
| 2022-09-30 | 2.21 |
| 2022-06-30 | 2.35 |
| 2022-03-31 | 2.12 |
| 2021-12-31 | 4.32 |
| 2021-09-30 | 1.25 |
| 2021-06-30 | -7.36 |
| 2021-03-31 | -5.74 |
| 2020-12-31 | -5.29 |
| 2020-09-30 | 0.00 |
| 2020-06-30 | 0.07 |
| 2020-03-31 | 0.00 |
| 2019-12-31 | 0.32 |
| 2019-09-30 | 0.00 |
| 2019-06-30 | 0.00 |
| 2019-03-31 | 0.00 |
