Array Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Array Technologies has a total shareholder equity of $323.6M and total debt of $679.0M, which brings its debt-to-equity ratio to 209.8%. Its total assets and total liabilities are $1.4B and $1.1B respectively. Array Technologies's EBIT is $120.5M making its interest coverage ratio 6.9. It has cash and short-term investments of $348.3M.
Key information
209.82%
Debt to equity ratio
US$678.99m
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$348.32m |
| Equity | US$323.60m |
| Total liabilities | US$1.10b |
| Total assets | US$1.43b |
Recent financial health updates
Array Technologies (NASDAQ:ARRY) Takes On Some Risk With Its Use Of Debt
Jan 17
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
May 01We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
Jan 30Recent updates
Here's Why Shareholders Should Examine Array Technologies, Inc.'s (NASDAQ:ARRY) CEO Compensation Package More Closely
May 13Array Technologies: Stabilization Presents A Great Risk-To-Reward Opportunity
May 06The Market Doesn't Like What It Sees From Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues Yet As Shares Tumble 27%
Apr 22Lacklustre Performance Is Driving Array Technologies, Inc.'s (NASDAQ:ARRY) 26% Price Drop
Mar 04Array Technologies: Convalescing Well, Ahead Of The Q4 Results
Feb 19Array Technologies (NASDAQ:ARRY) Takes On Some Risk With Its Use Of Debt
Jan 17Array Technologies, Inc.'s (NASDAQ:ARRY) Shares Lagging The Industry But So Is The Business
Dec 10Is Now An Opportune Moment To Examine Array Technologies, Inc. (NASDAQ:ARRY)?
Nov 05The Bottom Fishing Club - Array Technologies: Solar Industry Turnaround Possible After Election
Oct 25Array: Not Yet In Fashion, But 3 Reasons To Consider A Nibble Now (Rating Upgrade)
Oct 09Array Technologies (NASDAQ:ARRY) Might Have The Makings Of A Multi-Bagger
Sep 18
SkyLink Tracker's Launch And Calculated Tax Credits Propel Market Leadership And Earnings Surge
Introduction of the SkyLink tracker system and expanding domestic content offerings align with financial and environmental incentives, potentially enhancing market share and earnings.The Market Doesn't Like What It Sees From Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues Yet As Shares Tumble 41%
Aug 28Analysts Just Shaved Their Array Technologies, Inc. (NASDAQ:ARRY) Forecasts Dramatically
Aug 21Results: Array Technologies, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Aug 11Array Technologies: Mid-Term Headwinds, But Compelling Future
Jul 29Array Technologies, Inc.'s (NASDAQ:ARRY) Intrinsic Value Is Potentially 73% Above Its Share Price
Jul 29Investors Still Waiting For A Pull Back In Array Technologies, Inc. (NASDAQ:ARRY)
Jul 14Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?
Jun 28Returns At Array Technologies (NASDAQ:ARRY) Are On The Way Up
Jun 12Array Technologies: Intrigued But Not Yet Convinced
May 13We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
May 01Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 49% Undervaluation?
Mar 25Array Technologies: Short-Term Downside, But High Long-Term Growth
Mar 07Need To Know: Analysts Just Made A Substantial Cut To Their Array Technologies, Inc. (NASDAQ:ARRY) Estimates
Feb 29Is It Too Late To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?
Feb 21We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
Jan 30Array Technologies, Inc.'s (NASDAQ:ARRY) Shares Climb 25% But Its Business Is Yet to Catch Up
Dec 19Here's What To Make Of Array Technologies' (NASDAQ:ARRY) Decelerating Rates Of Return
Nov 29Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?
Nov 08Array Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On Capital
Aug 28What Does Array Technologies, Inc.'s (NASDAQ:ARRY) Share Price Indicate?
Aug 10Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 31% Undervaluation?
Jul 22The Return Trends At Array Technologies (NASDAQ:ARRY) Look Promising
May 11What Array Technologies, Inc.'s (NASDAQ:ARRY) 25% Share Price Gain Is Not Telling You
Apr 17Estimating The Fair Value Of Array Technologies, Inc. (NASDAQ:ARRY)
Jan 23Financial Position Analysis
Short Term Liabilities: ARRY's short term assets ($976.3M) exceed its short term liabilities ($408.5M).
Long Term Liabilities: ARRY's short term assets ($976.3M) exceed its long term liabilities ($693.7M).
Debt to Equity History and Analysis
Debt Level: ARRY's net debt to equity ratio (102.2%) is considered high.
Reducing Debt: ARRY's debt to equity ratio has increased from 32% to 209.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ARRY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ARRY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/28 12:53 |
| End of Day Share Price | 2025/05/28 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Array Technologies, Inc. is covered by 34 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Ameet Thakkar | BMO Capital Markets Equity Research |
| Moses Sutton | BNP Paribas Exane |