Array Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $70 Mil. Array Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $661 Mil. Array Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $611 Mil.
Array Technologies's debt to equity for the quarter that ended in Dec. 2023 was 1.20.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Array Technologies's Debt-to-Equity or its related term are showing as below:
ARRY'
s Debt-to-Equity Range Over the Past 10 Years
Min: -5.29 Med: 0.89 Max: 4.29
Current: 1.2
During the past 6 years, the highest Debt-to-Equity Ratio of Array Technologies was 4.29. The lowest was -5.29. And the median was 0.89.
Array Technologies Debt-to-Equity Historical Data
The historical data trend for Array Technologies's Debt-to-Equity 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.
|
Array Technologies Annual Data
|
|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
0.32 |
-5.29 |
4.29 |
1.82 |
1.20 |
|
Array Technologies Quarterly Data
|
|
Dec18 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.82 |
1.43 |
1.21 |
1.13 |
1.20 |
Competitive Comparison
For the Solar subindustry, Array Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Array Technologies Debt-to-Equity Distribution
For the Semiconductors industry and Technology sector, Array Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Array Technologies's Debt-to-Equity falls into.
Array Technologies Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Array Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Array Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
Array Technologies (Array Technologies) Business Description
Traded in Other Exchanges
Address
3901 Midway Place NE, Albuquerque, NM, USA, 87109
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
Executives
| Tyson Hottinger |
officer: Chief Legal Officer |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Nipul M. Patel |
officer: Chief Financial Officer |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Neil Manning |
officer: Chief Operations Officer |
3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Thierry Marin-martinod |
officer: Chief Technology Officer |
3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Tracy C Jokinen |
director |
5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343 |
| Kenneth R. Stacherski |
officer: Chief Operations Officer |
500 W MONROE, CHICAGO IL 60661 |
| Gerrard Schmid |
director |
C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
| Terrance L Collins |
officer: Chief Human Resources Officer |
C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069 |
| Erica Brinker |
officer: Chief Commercial Officer |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Kevin G. Hostetler |
director, officer: Chief Executive Officer |
1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
| Paulo Almirante |
director |
3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Travis Rose |
officer: Chief Revenue Officer |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Bilal Khan |
director |
C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154 |
| Jayanthi Iyengar |
director |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
| Ati Investment Parent, Llc |
10 percent owner |
C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
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