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 ratio | 4.7x |
| Cash | US$282.32m |
| Equity | US$578.48m |
| Total liabilities | US$1.07b |
| Total assets | US$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).