Array Technologies, Inc. (ARRY) Debt to Equity Ratio: 2.94
Is Array Technologies, Inc.’s debt to equity ratio high or low?
Array Technologies, Inc.'s debt to equity ratio of 2.94 is 16% above its 4-year average of 2.54, around the middle of its 4-year range (1.20–4.32).
As of Saturday, June 20, 2026. 9.70% above its 12-month average of 2.68.
ARRY Debt to Equity Ratio Chart
ARRY Average Debt to Equity Ratio Chart
ARRY Current vs Average Debt to Equity Ratio Chart
ARRY Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.94
DEBT TO EQUITY RATIO AVG TTM
2.68
DEBT TO EQUITY RATIO AVG 3Y
2.09
DEBT TO EQUITY RATIO AVG 5Y
2.54
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
+9.70%
CURRENT VS 3Y AVG
+40.33%
CURRENT VS 5Y AVG
+15.75%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
ARRY Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $1.23B | 2.94 | 2.68 | 2.09 | 2.54 |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 0.21 | 0.20 | 0.18 | 0.48 |
| enCore Energy Corp. (EU)vs › | $320.48M | 0.49 | 0.28 | 0.16 | 0.11 |
| Helmerich & Payne, Inc. (HP)vs › | $3.49B | 0.85 | 0.74 | 0.48 | 0.41 |
| California Resources Corporation (CRC)vs › | $4.91B | 0.37 | 0.36 | 0.34 | 0.38 |
| Weatherford International plc (WFRD)vs › | $6.59B | 1.03 | 1.21 | 2.29 | 2.98 |
| Enphase Energy, Inc. (ENPH)vs › | $6.89B | 1.14 | 1.37 | 1.42 | 1.47 |
| Antero Midstream Corporation (AM)vs › | $10.31B | 1.63 | 1.55 | 1.53 | 1.46 |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 0.27 | 0.28 | 0.24 | 0.30 |
| Venture Global, Inc. (VG)vs › | $26.91B | 5.18 | 7.73 | 9.83 | 7.37 |
Financial Health
Debt/Equity
2.94
Current Ratio
2.31
Array Technologies, 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
Array Technologies, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Array Technologies, Inc. (ARRY)?
- The debt to equity ratio for ARRY stock is 2.94.
- Is Array Technologies, Inc.'s debt to equity ratio high or low?
- Array Technologies, Inc.'s debt to equity ratio of 2.94 is 16% above its 4-year average of 2.54, around the middle of its 4-year range (1.20–4.32).
- What is the TTM average debt to equity ratio for Array Technologies, Inc. (ARRY)?
- The TTM average debt to equity ratio for ARRY stock is 2.68.
- What is the 3Y average debt to equity ratio for Array Technologies, Inc. (ARRY)?
- The 3Y average debt to equity ratio for ARRY stock is 2.09.
- What is the 5Y average debt to equity ratio for Array Technologies, Inc. (ARRY)?
- The 5Y average debt to equity ratio for ARRY stock is 2.54.
Array Technologies, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 2.94 |
| 2024-12-31 | 2.42 |
| 2023-12-31 | 1.20 |
| 2022-12-31 | 1.82 |
| 2021-12-31 | 4.32 |
| 2019-12-31 | 0.32 |
| 2018-12-31 | 0.59 |
Related Metrics
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