Array Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Array Technologies has a total shareholder equity of $596.0M and total debt of $680.2M, which brings its debt-to-equity ratio to 114.1%. Its total assets and total liabilities are $1.6B and $1.0B respectively. Array Technologies's EBIT is $172.0M making its interest coverage ratio 5.4. It has cash and short-term investments of $287.6M.
Key information
114.1%
Debt to equity ratio
US$680.20m
Debt
| Interest coverage ratio | 5.4x |
| Cash | US$287.62m |
| Equity | US$595.99m |
| Total liabilities | US$1.03b |
| Total assets | US$1.63b |
Recent financial health updates
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
May 01
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
Jan 30Recent updates
Array 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 23Is Now An Opportune Moment To Examine Array Technologies, Inc. (NASDAQ:ARRY)?
Nov 09Calculating The Intrinsic Value Of Array Technologies, Inc. (NASDAQ:ARRY)
Oct 19Array Technologies Could Be The Next Big Infrastructure Play
Oct 12Array Technologies: Tracking The Sun To A Triumphant Recovery
Sep 10Array Technologies reports Q2 earnings beat; reaffirms FY22 guidance
Aug 09Array Technologies enters settlement agreement with Nextracker, Flextronics International
Jul 21Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 49% Discount?
Jul 09Array Technologies: Import Tariff Overhang Is Gone, It's Time To Shine
Jun 26Array Technologies: On The Scrap Heap
Apr 11Financial Position Analysis
Short Term Liabilities: ARRY's short term assets ($774.4M) exceed its short term liabilities ($283.7M).
Long Term Liabilities: ARRY's short term assets ($774.4M) exceed its long term liabilities ($749.6M).
Debt to Equity History and Analysis
Debt Level: ARRY's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: ARRY's debt to equity ratio has increased from 51.3% to 114.1% over the past 5 years.
Debt Coverage: ARRY's debt is well covered by operating cash flow (34.3%).
Interest Coverage: ARRY's interest payments on its debt are well covered by EBIT (5.4x coverage).