Is it safe?
Can ENPH take a bad year?
Enphase Energy, Inc. holds $358M more cash than debt, so a bad year is a question about profits, not about lenders.
$358M
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 2.49
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 30.9×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $573M
- Cash and short-term investments
- $931M
- Net cash
- $358M
- EBITDA, trailing twelve months
- $147M
- Operating profit, trailing twelve months
- $96M
- Debt / equity
- 0.52×
- Total debt / EBITDA
- 3.89×
- Annualised volatilitytwo years of daily moves
- 78%
- Worst drawdown on file
- −92%
- Below its 52-week high
- −47%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.