Array Technologies, Inc. (ARRY) Interest Coverage Ratio: 2.70x
The interest coverage ratio for Array Technologies, Inc. (ARRY) is 2.70x as of Saturday, June 20, 2026.
ARRY Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
2.70x
ARRY Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $1.23B | 2.70x | N/A | N/A | N/A |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | -0.25x | 1.77x | 1.77x | 1.65x |
| enCore Energy Corp. (EU)vs › | $320.48M | -26.60x | N/A | N/A | N/A |
| Helmerich & Payne, Inc. (HP)vs › | $3.49B | 2.15x | 8.84x | 13.14x | 13.14x |
| California Resources Corporation (CRC)vs › | $4.91B | 8.04x | 7.76x | 14.26x | 12.29x |
| Weatherford International plc (WFRD)vs › | $6.59B | 5.52x | 5.73x | 4.48x | 3.68x |
| Enphase Energy, Inc. (ENPH)vs › | $6.89B | 36.42x | 22.55x | 35.76x | 26.11x |
| Antero Midstream Corporation (AM)vs › | $10.31B | 3.39x | 3.29x | 3.06x | 3.08x |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 11.94x | 12.51x | 32.20x | 26.58x |
| Venture Global, Inc. (VG)vs › | $26.91B | 3.46x | 3.24x | 5.02x | 5.02x |
Financial Health Indicators
Interest Coverage
2.7x
Debt/Equity
2.94
Current Ratio
2.31
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Array Technologies, Inc. Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Array Technologies, Inc. Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Array Technologies, Inc. (ARRY)?
- The interest coverage ratio for ARRY stock is 2.70x.
About Array Technologies, Inc.
Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal alignment for solar arrays in real time to maximize energy output. This enterprise was established in 1989 and its corporate headquarters are situated in Albuquerque, New Mexico.
- Sector
- Energy
- Industry
- Solar
- CEO
- Kevin G. Hostetler