Array Technologies Balance Sheet Health

Financial Health criteria checks 4/6

Array Technologies has a total shareholder equity of $578.5M and total debt of $680.7M, which brings its debt-to-equity ratio to 117.7%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Array Technologies's EBIT is $119.1M making its interest coverage ratio 4.7. It has cash and short-term investments of $282.3M.

Key information

117.7%

Debt to equity ratio

US$680.74m

Debt

Interest coverage ratio4.7x
CashUS$282.32m
EquityUS$578.48m
Total liabilitiesUS$1.07b
Total assetsUS$1.65b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 9AY's short term assets ($848.9M) exceed its short term liabilities ($337.6M).

Long Term Liabilities: 9AY's short term assets ($848.9M) exceed its long term liabilities ($735.5M).


Debt to Equity History and Analysis

Debt Level: 9AY's net debt to equity ratio (68.9%) is considered high.

Reducing Debt: 9AY's debt to equity ratio has increased from 44.5% to 117.7% over the past 5 years.

Debt Coverage: 9AY's debt is well covered by operating cash flow (31.9%).

Interest Coverage: 9AY's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


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