Array Technologies, Inc.

Array Technologies, Inc.verified

ARRY

Price:

$6.63

Market Cap:

$1.01B

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

The Current Ratio as of November 2024 (TTM) for Array Technologies, Inc. (ARRY) is 2.41

According to Array Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.41. This represents a change of -4.97% compared to the average of 2.53 of the last 4 quarters.

Array Technologies, Inc. (ARRY) Historical Current Ratio (quarterly & annually)

How has ARRY Current Ratio performed in the past?

The mean historical Current Ratio of Array Technologies, Inc. over the last ten years is 1.90. The current 2.41 Current Ratio has changed 12.59% 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.

Quarterly (TTM)
Annual

Average

1.90

Median

1.54

Minimum

1.05

Maximum

3.47

Array Technologies, Inc. (ARRY) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.4838.78%
20221.79-48.56%
20213.47167.65%
20201.3023.69%
20191.05-18.80%

Array Technologies, Inc. (ARRY) Average Current Ratio

How has ARRY Current Ratio performed in the past?

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. (ARRY) Current Ratio vs. Peers

How is ARRY’s Current Ratio compared to its peers?

Array Technologies, Inc.’s Current Ratio is greater than SolarEdge Technologies, Inc. (2.34), less than Enphase Energy, Inc. (4.16), greater than Canadian Solar Inc. (0.94), greater than Sunrun Inc. (1.47), greater than SunPower Corporation (0.94), less than First Solar, Inc. (0), greater than Sunnova Energy International Inc. (2.14), greater than JinkoSolar Holding Co., Ltd. (0.86), greater than Nextracker Inc. (1.22), greater than null (2.21),

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