What is FTC Solar's interest coverage?

FTC Solar (FTCI) reported interest coverage of -3.2× in Q1 2026.

How has FTC Solar's interest coverage changed year-over-year?

FTC Solar's interest coverage increased by 93.3% year-over-year, from -48.1× to -3.2×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

FTC Solar FTCI Interest coverage

Interest coverage at other companies

Array Technologies, Inc.ARRY

-2×-0.8×

Shoals Technologies Group, Inc.SHLS

5.7×+2.0×

SolarEdge TechnologiesSEDG

-219.2×-101×

SunrunRUN

-37.6×—

StemSTEM

-1.8×-0.9×

First SolarFSLR

40.8×+5.7×

Other financials

Income statement

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Revenue$17.3M-17.0%

Gross profit-$1.2M+64.4%

Operating income-$12.1M-14.2%

Net income$32.6M+954%

EPS (diluted)-$0.72-24.1%

Balance sheet

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Cash & equivalents$5.6M-4.6%

Total debt$23.4M+110%

Total equity-$6.1M-140%

Total assets$97.8M+16.4%

Cash flow

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Operating cash flow-$12.8M-50.6%

CapEx$276.0K+233%

Free cash flow-$13.0M-52.3%

Valuation

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Market cap$81.31M+35.9%

Enterprise value$99.09M+45.6%

P/S0.9×-0.1×

Profitability

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Gross margin-12%-1.5pp

Operating margin-38.4%-14.1pp

Net margin-44.9%-13.5pp

FCF margin-40.6%-9.6pp

Returns & leverage

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Return on equity-175.8%-1,003pp

Debt / equity1.3×+1.3×

Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

ebit/interest expense=-3.2×

Based on trailing twelve months.

The official record: FTC Solar’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's interest coverage?: FTC Solar (FTCI) reported interest coverage of -3.2× in Q1 2026.
How has FTC Solar's interest coverage changed year-over-year?: FTC Solar's interest coverage increased by 93.3% year-over-year, from -48.1× to -3.2×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.