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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Enphase Energy's cash to debt ratio for the quarter that ended in Jun. 2026 was 1.61.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Enphase Energycould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Enphase Energy's Cash-to-Debt or its related term are showing as below:
XSWX:ENPH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 1.25 Max: 2.31
Current: 1.61
During the past 13 years, Enphase Energy's highest Cash to Debt Ratio was 2.31. The lowest was 0.52. And the median was 1.25.
XSWX:ENPH's Cash-to-Debt is ranked worse than 50.53% of 1031
companies
in the Semiconductors industry
Industry Median: 1.64
vs XSWX:ENPH: 1.61
Enphase Energy (XSWX:ENPH) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Enphase Energy Cash-to-Debt Related Terms
Enphase Energy Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Enphase Energy's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:ENPH vs RUN, SEDG, SHLS: Cash-to-Debt Comparison
For the Solar subindustry, Enphase Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Enphase Energy Cash-to-Debt vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Enphase Energy's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enphase Energy (XSWX:ENPH) has a Cash-to-Debt of 1.61 as of Jun. 2026. This is 29% above median its historical median of 1.25. Over the past decade, Enphase Energy's Cash-to-Debt has ranged from 0.52 to 2.31. According to the industry distribution chart, Enphase Energy ranks #521 out of 1031 companies in the Semiconductors industry, placing it in the top 50.5%.
Is Enphase Energy's Cash-to-Debt too high?
Enphase Energy's current Cash-to-Debt of 1.61 is 29% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 2.31. The Semiconductors industry median Cash-to-Debt is 1.64. Enphase Energy's value of 1.61 is 1.8% below this industry median. Based on the distribution chart, Enphase Energy ranks #521 out of 1031 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Enphase Energy has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's Cash-to-Debt compare to RUN and SEDG?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #521 out of 1031 companies for Cash-to-Debt. This places Enphase Energy in the lower half of its industry. The industry median Cash-to-Debt is 1.64. Enphase Energy's value of 1.61 is 1.8% below this benchmark. Historically, Enphase Energy's own Cash-to-Debt has ranged from 0.52 to 2.31 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.64, Enphase Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Semiconductors company?
The median Cash-to-Debt among Semiconductors companies is 1.64, based on 1,031 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enphase Energy's current Cash-to-Debt of 1.61 is 1.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median Cash-to-Debt is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current Cash-to-Debt is 1.61, which is 29% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enphase Energy stock overvalued right now?
Enphase Energy (XSWX:ENPH) has a current Cash-to-Debt of 1.61. The stock's GF Value™ is CHF44.37, compared to a current price of CHF30.32 — trading 31.7% below its estimated fair value. The current Cash-to-Debt is 1.61, which is 29% above median its 10-year median of 1.25 and 1.8% below the Semiconductors industry median of 1.64. Enphase Energy's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Enphase Energy (XSWX:ENPH), the current Cash-to-Debt is 1.61 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Enphase Energy (XSWX:ENPH) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of CHF30.32 is trading 31.7% below its estimated GF Value™ of CHF44.37.
Key valuation signals for XSWX:ENPH:
Cash-to-Debt: 1.61 (29% above median its 10-year median of 1.25)
GF Value™: CHF44.37 vs. price of CHF30.32 (31.7% below fair value)
Industry Position: 1.8% below the Semiconductors median (#521 of 1031)
No single metric tells the full story. See the XSWX:ENPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States.
73GF Score
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