Array Technologies annual debt-to-ebitda ratio
2019
2020
2021
2022
2023
Array Technologies Debt-to-EBITDA Ratio Growth & History (ARRY)
Array Technologies's debt-to-ebitda ratio was 2.80 for fiscal 2023.
View full Array Technologies company overviewArray Technologies annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2023 | 2023-12-31 | 2.80 | −6.60 | −70.25% |
| 2022 | 2022-12-31 | 9.40 | −593.61 | −98.44% |
| 2021 | 2021-12-31 | 603.01 | 599.52 | +17173.76% |
| 2020 | 2020-12-31 | 3.49 | 2.99 | +590.86% |
| 2019 | 2019-12-31 | 0.51 | — | — |
Array Technologies quarterly debt-to-ebitda ratio
Q4.21
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.25
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2025 | 2025-09-30 | 207.03 | — | — |
| Q2 2024 | 2024-06-30 | 4.47 | 1.54 | +52.64% |
| Q1 2024 | 2024-03-31 | 3.25 | −1.38 | −29.84% |
| Q4 2023 | 2023-12-31 | 2.80 | −6.60 | −70.25% |
| Q3 2023 | 2023-09-30 | 2.65 | −29.70 | −91.82% |
| Q2 2023 | 2023-06-30 | 2.93 | — | — |
| Q1 2023 | 2023-03-31 | 4.64 | — | — |
| Q4 2022 | 2022-12-31 | 9.40 | −593.61 | −98.44% |
| Q3 2022 | 2022-09-30 | 32.35 | — | — |
| Q4 2021 | 2021-12-31 | 603.01 | — | — |
Array Technologies debt-to-ebitda ratio trends
Between the periods ended 2019-12-31 and 2023-12-31, Array Technologies's debt-to-ebitda ratio increased from 0.51 to 2.80, a change of 2.29. The latest reported quarter, Q3 2025, shows 207.03.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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