Enphase Energy

ENPH Clean Energy & EV 5/10 Medium Risk
5/10
— 6 → 5 over 9 weeks
Sector avg: 3.8/10
▼
Risk Score Decreased
6/10 → 5/10

Score changed by 1 point as of 2026-05-10.

What changed
▼ Debt-to-equity: 1.11 → 0.52 (improved)
▼ Cash coverage: 0.75x → 0.79x (improved)

Enphase Energy carries $573M in long-term debt, with $1.2B in scheduled principal maturities. Near-term pressure is acute: $632M (52% of all maturities) comes due within 24 months. ENPH shows a strong cash position ($498M) that could cover most of its debt obligations. DebtCanary scores ENPH at 5/10, indicating moderate refinancing pressure.

Maturity Schedule

Year 1 $632M Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $572M
Period Amount Due % of Total
Year 1 (0-12 months) $632M 52.5%
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $572M 47.5%
Total Scheduled Maturities $1.2B 100.0%

Key Metrics

Total Long-Term Debt
$573M
Near-Term (12mo)
$632M
Interest Coverage
17.8x
Debt/Equity
0.52
Cash Coverage
0.79x
Operating Income
$158M
EBITDA
$238M
Debt / EBITDA
2.4x
EBITDA / Interest
26.9x

Score Components

Component Value Weight
Near-Term Maturity Concentration 52.5% 30%
Interest Coverage Ratio 17.8x 25%
Debt-to-Equity Ratio 0.52 25%
Cash Coverage of Near-Term Debt 0.79x 20%

Recent SEC Filings

Material disclosures from Enphase Energy's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-04-28 10-Q Quarterly report
2026-04-28 8-K Earnings Results
2026-04-06 8-K Earnings Results, Other Events
2026-04-01 DEFA14A Additional proxy materials
2026-04-01 DEF 14A Proxy statement
2026-02-17 10-K Annual report
2026-02-03 8-K Earnings Results
2026-01-23 8-K Reg FD Disclosure

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-04-28. Data last fetched: 2026-05-10. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Enphase Energy →