ARRY
Price:
$6.38
Market Cap:
$969.29M
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.[Read more]
Industry
Solar
IPO Date
2020-10-15
Stock Exchange
NASDAQ
Ticker
ARRY
According to Array Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.51. This represents a change of 1.82% compared to the average of 2.47 of the last 4 quarters.
The mean historical Current Ratio of Array Technologies, Inc. over the last ten years is 1.90. The current 2.51 Current Ratio has changed 13.16% with respect to the historical average. Over the past ten years (40 quarters), ARRY's Current Ratio was at its highest in in the December 2021 quarter at 3.47. The Current Ratio was at its lowest in in the March 2019 quarter at 0.
Average
1.90
Median
1.54
Minimum
1.05
Maximum
3.47
Discovering the peaks and valleys of Array Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 167.65%
Maximum Annual Current Ratio = 3.47
Minimum Annual Increase = -48.56%
Minimum Annual Current Ratio = 1.05
Year | Current Ratio | Change |
---|---|---|
2023 | 2.48 | 38.78% |
2022 | 1.79 | -48.56% |
2021 | 3.47 | 167.65% |
2020 | 1.30 | 23.69% |
2019 | 1.05 | -18.80% |
The current Current Ratio of Array Technologies, Inc. (ARRY) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.58
5-year avg
2.02
10-year avg
1.90
Array Technologies, Inc.’s Current Ratio is less than SolarEdge Technologies, Inc. (5.10), less than Enphase Energy, Inc. (4.23), greater than Canadian Solar Inc. (0.94), greater than Sunrun Inc. (1.66), greater than SunPower Corporation (0.94), less than First Solar, Inc. (0), greater than Sunnova Energy International Inc. (2.23), greater than JinkoSolar Holding Co., Ltd. (0.97), greater than Nextracker Inc. (1.08), greater than null (2.11),
Company | Current Ratio | Market cap |
---|---|---|
5.10 | $1.12B | |
4.23 | $14.71B | |
0.94 | $788.14M | |
1.66 | $4.06B | |
0.94 | $21.55M | |
0 | $22.34B | |
2.23 | $1.31B | |
0.97 | $874.77M | |
1.08 | $4.96B | |
2.11 | $0 |
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What is the 5-year average Current Ratio for Array Technologies, Inc. (ARRY)?
How does the current Current Ratio for Array Technologies, Inc. (ARRY) compare to its historical average?