Enphase Energy Balance Sheet Health
Financial Health criteria checks 5/6
Enphase Energy has a total shareholder equity of $931.4M and total debt of $1.3B, which brings its debt-to-equity ratio to 139.6%. Its total assets and total liabilities are $3.3B and $2.3B respectively. Enphase Energy's EBIT is $30.8M making its interest coverage ratio -0.4. It has cash and short-term investments of $1.8B.
Key information
139.6%
Debt to equity ratio
US$1.30b
Debt
| Interest coverage ratio | -0.4x |
| Cash | US$1.77b |
| Equity | US$931.37m |
| Total liabilities | US$2.33b |
| Total assets | US$3.26b |
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 ($567.5M).
Long Term Liabilities: E2NP34's short term assets ($2.4B) exceed its long term liabilities ($1.8B).
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 increased from 68.3% to 139.6% over the past 5 years.
Debt Coverage: E2NP34's debt is well covered by operating cash flow (29.4%).
Interest Coverage: E2NP34 earns more interest than it pays, so coverage of interest payments is not a concern.