Enphase Energy, Inc. (ENPH) Debt to Equity Ratio: 1.14
Is Enphase Energy, Inc.’s debt to equity ratio high or low?
Enphase Energy, Inc.'s debt to equity ratio of 1.14 is 23% below its 5-year average of 1.47, near the low end of its 5-year range (0.72–2.45).
As of Monday, June 15, 2026. 16.79% below its 12-month average of 1.37.
ENPH Debt to Equity Ratio Chart
ENPH Average Debt to Equity Ratio Chart
ENPH Current vs Average Debt to Equity Ratio Chart
ENPH Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
1.14
DEBT TO EQUITY RATIO AVG TTM
1.37
DEBT TO EQUITY RATIO AVG 3Y
1.42
DEBT TO EQUITY RATIO AVG 5Y
1.47
DEBT TO EQUITY RATIO AVG 10Y
4.99
DEBT TO EQUITY RATIO AVG 15Y
0.82
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-16.79%
CURRENT VS 3Y AVG
-19.58%
CURRENT VS 5Y AVG
-22.62%
CURRENT VS 10Y AVG
-77.13%
CURRENT VS 15Y AVG
+38.63%
CURRENT VS 20Y AVG
N/A
ENPH Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enphase Energy, Inc. (ENPH) | $7.19B | 1.14 | 1.37 | 1.42 | 1.47 |
| Weatherford International plc (WFRD)vs › | $7.29B | 1.03 | 1.21 | 2.29 | 2.98 |
| California Resources Corporation (CRC)vs › | $5.20B | 0.37 | 0.36 | 0.34 | 0.38 |
| Antero Midstream Corporation (AM)vs › | $10.29B | 1.63 | 1.55 | 1.53 | 1.46 |
| Helmerich & Payne, Inc. (HP)vs › | $3.92B | 0.85 | 0.74 | 0.48 | 0.41 |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 0.21 | 0.20 | 0.18 | 0.48 |
| enCore Energy Corp. (EU)vs › | $264.16M | 0.49 | 0.28 | 0.16 | 0.11 |
| Venture Global, Inc. (VG)vs › | $31.94B | 5.18 | 7.73 | 9.83 | 7.37 |
| EQT Corporation (EQT)vs › | $32.49B | 0.33 | 0.39 | 0.42 | 0.47 |
| Occidental Petroleum Corporation (OXY)vs › | $56.24B | 0.66 | 0.73 | 0.71 | 1.05 |
Financial Health
Debt/Equity
1.14
Current Ratio
2.07
Enphase Energy, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Enphase Energy, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The debt to equity ratio for ENPH stock is 1.14.
- Is Enphase Energy, Inc.'s debt to equity ratio high or low?
- Enphase Energy, Inc.'s debt to equity ratio of 1.14 is 23% below its 5-year average of 1.47, near the low end of its 5-year range (0.72–2.45).
- What is the TTM average debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The TTM average debt to equity ratio for ENPH stock is 1.37.
- What is the 3Y average debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The 3Y average debt to equity ratio for ENPH stock is 1.42.
- What is the 5Y average debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The 5Y average debt to equity ratio for ENPH stock is 1.47.
- What is the 10Y average debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The 10Y average debt to equity ratio for ENPH stock is 4.99.
- What is the 15Y average debt to equity ratio for Enphase Energy, Inc. (ENPH)?
- The 15Y average debt to equity ratio for ENPH stock is 0.82.
Enphase Energy, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 1.14 |
| 2024-12-31 | 1.60 |
| 2023-12-31 | 1.34 |
| 2022-12-31 | 1.59 |
| 2021-12-31 | 2.45 |
| 2020-12-31 | 0.72 |
| 2019-12-31 | 0.40 |
| 2018-12-31 | 14.12 |
| 2016-12-31 | 26.08 |
| 2015-12-31 | 0.41 |
| 2014-12-31 | 0.00 |
| 2013-12-31 | 0.22 |
| 2012-12-31 | 0.20 |
| 2011-12-31 | 0.44 |
| 2010-12-31 | 0.18 |
| 2009-12-31 | 0.03 |
| 2008-12-31 | 0.00 |
Related Metrics
About Enphase Energy, Inc.
Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.
- Sector
- Energy
- Industry
- Solar
- CEO
- Badrinarayanan Kothandaraman