Enphase Energy

ENPH Clean Energy & EV 2/10 Low Risk
2/10
↓ 6 → 2 over 22 weeks
Sector avg: 3.7/10

Enphase Energy carries $573M in long-term debt, with $573M in scheduled principal maturities. ENPH shows a strong cash position ($498M) that could cover most of its debt obligations. DebtCanary scores ENPH at 2/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $0 Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $573M
Period Amount Due % of Total
Year 1 (0-12 months) $0 0.0%
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 $573M 100.0%
Total Scheduled Maturities $573M 100.0%

Key Metrics

Total Long-Term Debt
$573M
Near-Term (12mo)
$0
Interest Coverage
17.8x
Debt/Equity
0.52
Cash Coverage
N/A
Operating Income
$158M
EBITDA
$238M
Debt / EBITDA
2.4x
EBITDA / Interest
26.9x

How This Score Was Computed

Weighted average of 3 scored components (raw 1.62, rounded to 2). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $0
Total scheduled maturities: $573M
 0.0% 1/10 37%
Interest Coverage Ratio
Show calculation
Operating income / Interest expense
Operating income: $158M
Interest expense: $9M
 17.82x 1/10 31%
Debt-to-Equity Ratio
Show calculation
Long-term debt / Stockholders' equity
Long-term debt: $573M
Stockholders' equity: $1.1B
 0.52 3/10 31%
Cash Coverage of Near-Term Debt
No near-term debt obligation was reported (no Year-1 maturity bucket and no balance-sheet short-term debt).
 N/A — not scored
Cash Runway
Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.
 N/A — not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

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
2026-06-18 8-K Other Events
2026-06-15 8-K Officer / Director Change
2026-05-15 8-K Officer / Director Change, Shareholder Vote
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

Related Companies

SolarEdge Technologies
SEDG
1/10
Debt: N/A 12mo: N/A
First Solar
FSLR
1/10
Debt: $438M 12mo: $91M
Sunrun
RUN
6/10
Debt: $14.8B 12mo: $294M
Plug Power
PLUG
4/10
Debt: $4M 12mo: N/A
Bloom Energy
BE
5/10
Debt: $2.6B 12mo: $0
ChargePoint Holdings
CHPT
4/10
Debt: $295M 12mo: $16M
Rivian Automotive, Inc. / DE
RIVN
6/10
Debt: $5.5B 12mo: N/A
Lucid Group
LCID
7/10
Debt: $2.8B 12mo: $707M

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: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Enphase Energy →