Enphase Energy Balance Sheet Health
Financial Health criteria checks 5/6
Enphase Energy has a total shareholder equity of $884.5M and total debt of $1.3B, which brings its debt-to-equity ratio to 146.7%. Its total assets and total liabilities are $3.2B and $2.3B respectively. Enphase Energy's EBIT is $98.4M making its interest coverage ratio -1.4. It has cash and short-term investments of $1.6B.
Key information
146.7%
Debt to equity ratio
US$1.30b
Debt
| Interest coverage ratio | -1.4x |
| Cash | US$1.65b |
| Equity | US$884.52m |
| Total liabilities | US$2.28b |
| Total assets | US$3.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EOP's short term assets ($2.2B) exceed its short term liabilities ($529.6M).
Long Term Liabilities: EOP's short term assets ($2.2B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: EOP has more cash than its total debt.
Reducing Debt: EOP's debt to equity ratio has increased from 87.8% to 146.7% over the past 5 years.
Debt Coverage: EOP's debt is well covered by operating cash flow (27.5%).
Interest Coverage: EOP earns more interest than it pays, so coverage of interest payments is not a concern.