Enphase Energy Balance Sheet Health
Financial Health criteria checks 6/6
Enphase Energy has a total shareholder equity of $983.6M and total debt of $1.3B, which brings its debt-to-equity ratio to 131.5%. Its total assets and total liabilities are $3.4B and $2.4B respectively. Enphase Energy's EBIT is $461.4M making its interest coverage ratio -7.6. It has cash and short-term investments of $1.7B.
Key information
131.5%
Debt to equity ratio
US$1.29b
Debt
Interest coverage ratio | -7.6x |
Cash | US$1.70b |
Equity | US$983.62m |
Total liabilities | US$2.40b |
Total assets | US$3.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E2NP34's short term assets ($2.4B) exceed its short term liabilities ($532.4M).
Long Term Liabilities: E2NP34's short term assets ($2.4B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: E2NP34 has more cash than its total debt.
Reducing Debt: E2NP34's debt to equity ratio has reduced from 1411.8% to 131.5% over the past 5 years.
Debt Coverage: E2NP34's debt is well covered by operating cash flow (53.9%).
Interest Coverage: E2NP34 earns more interest than it pays, so coverage of interest payments is not a concern.