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 2.85 is 153% above its 5-year average of 1.12, near the high end of its 5-year range (-7.36–4.32).
As of the fiscal period ended Tuesday, March 31, 2026. 24.17% above its 12-month average of 2.29.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
2.85
DEBT TO EQUITY RATIO AVG TTM
2.29
DEBT TO EQUITY RATIO AVG 3Y
1.74
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
+24.17%
CURRENT VS 3Y AVG
+63.53%
CURRENT VS 5Y AVG
+58.32%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.63
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+352.22%
vs the sector median at left
Array Technologies, Inc.
Market Cap
$908.34M
Debt to Equity Ratio
2.85
TTM Avg
2.29
3Y Avg
1.74
5Y Avg
1.80
Market Cap
$995.64M
Debt to Equity Ratio
0.29
TTM Avg
0.20
3Y Avg
0.18
5Y Avg
0.48
Market Cap
$1.25B
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$221.42M
Debt to Equity Ratio
0.45
TTM Avg
0.28
3Y Avg
0.16
5Y Avg
0.11
Market Cap
$2.88B
Debt to Equity Ratio
0.98
TTM Avg
1.07
3Y Avg
0.70
5Y Avg
0.65
Market Cap
$3.45B
Debt to Equity Ratio
0.79
TTM Avg
0.74
3Y Avg
0.48
5Y Avg
0.41
Market Cap
$3.54B
Debt to Equity Ratio
1.52
TTM Avg
2.49
3Y Avg
3.49
5Y Avg
3.49
Market Cap
$4.65B
Debt to Equity Ratio
0.47
TTM Avg
0.36
3Y Avg
0.34
5Y Avg
0.38
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $908.34M | 2.85 | 2.29 | 1.74 | 1.80 |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 0.29 | 0.20 | 0.18 | 0.48 |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.25B | 0.00 | 0.00 | 0.01 | 0.01 |
| Star Group, L.P. (SGU)vs › | $417.32M | 0.79 | 0.99 | 0.97 | 0.97 |
| enCore Energy Corp. (EU)vs › | $221.42M | 0.45 | 0.28 | 0.16 | 0.11 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.88B | 0.98 | 1.07 | 0.70 | 0.65 |
| Helmerich & Payne, Inc. (HP)vs › | $3.45B | 0.79 | 0.74 | 0.48 | 0.41 |
| Centrus Energy Corp. (LEU)vs › | $3.54B | 1.52 | 2.49 | 3.49 | 3.49 |
| California Resources Corp (CRC)vs › | $4.65B | 0.47 | 0.36 | 0.34 | 0.38 |
| Enphase Energy, Inc. (ENPH)vs › | $5.34B | N/A | 1.37 | 1.42 | 1.47 |
Debt/Equity
2.85
Current Ratio
2.25
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 |
|---|---|
| 2026-03-31 | 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 |
