What is Enphase Energy's current ratio?

Enphase Energy (ENPH) reported current ratio of 3.8× in Q1 2026.

How has Enphase Energy's current ratio changed year-over-year?

Enphase Energy's current ratio increased by 100.4% year-over-year, from 1.9× to 3.8×.

What is the long-term trend for Enphase Energy's current ratio?

Over 5 years (2020 to 2025), Enphase Energy's current ratio has grown at a 3.4% compound annual growth rate (CAGR), from 1.7× to 2.1×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Enphase Energy ENPH Current ratio

Current ratio at other companies

Tesla, Inc.TSLA

2×0.0×

Generac HoldingsGNRC

2×+0.1×

EnerSysENS

2.7×0.0×

Quanta ServicesPWR

1.1×-0.2×

First SolarFSLR

2.6×+0.6×

Monolithic Power SystemsMPWR

4.8×-0.1×

Other financials

Income statement

See full

Revenue$282.9M-20.6%

Gross profit$100.4M-40.3%

Operating income-$29.6M-193%

Net income-$7.4M-125%

EPS (diluted)-$0.06-127%

Balance sheet

See full

Cash & equivalents$497.5M+19.9%

Total debt$612.1M-50.4%

Total equity$1.1B+36.0%

Total assets$2.7B-12.3%

Cash flow

See full

Operating cash flow$102.9M+112%

CapEx$19.9M+36.2%

Free cash flow$83.0M+145%

Valuation

See full

Market cap$6.89B-39.7%

Enterprise value$7B-43.9%

P/E51×-25.9×

P/S4.9×-3.1×

Profitability

See full

Gross margin44.2%-3.7pp

Operating margin6.9%-2.9pp

Net margin9.6%-0.8pp

FCF margin10.4%-22.8pp

Returns & leverage

See full

Return on equity14.1%-3.0pp

Debt / equity0.6×-1.0×

Where this comes from

Calculated from Enphase Energy’s reported figures.

total current assets/total current liabilities=3.8×

Based on the most recent quarter.

The official record: Enphase Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

Ask your AI about Enphase Energy's current ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Enphase Energy's current ratio?: Enphase Energy (ENPH) reported current ratio of 3.8× in Q1 2026.
How has Enphase Energy's current ratio changed year-over-year?: Enphase Energy's current ratio increased by 100.4% year-over-year, from 1.9× to 3.8×.
What is the long-term trend for Enphase Energy's current ratio?: Over 5 years (2020 to 2025), Enphase Energy's current ratio has grown at a 3.4% compound annual growth rate (CAGR), from 1.7× to 2.1×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.