ENPHCAUTIOUS

ENPH Current Ratio Analysis

3.45x

Updated 441h ago·SEC filings & market data

Key Takeaway

A current ratio of 3.45x means ENPH has $3.45 in current assets for every $1 of current liabilities, indicating a strong short-term ability to cover obligations.

Sector Performance

90th percentile

ENPH

3.45x

Sector Median

1.26x

Sector Avg

2.61x

Prior Period

3.80x(Jul 2026)

↓ Declining

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Deep Analysis

A current ratio of 3.45x means ENPH has $3.45 in current assets for every $1 of current liabilities, indicating a strong short-term ability to cover obligations.

This sits well above the sector median of 1.24x, placing the company at the 91st percentile among peers. The metric is N/A for a year-over-year comparison, but quarter-over-quarter it fell 9.2%, from 3.80x to 3.45x. The combination of a high level with a recent decline suggests liquidity is ample but easing, a factor that reduces immediate solvency risk while signaling some normalization. This supports the overall CAUTIOUS verdict, as the still-elevated ratio offers a safety margin but the downward move warrants monitoring.

Frequently Asked Questions

What does the Current Ratio tell investors about ENPH?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

Who are ENPH's closest peers by Current Ratio?

The closest peers by Current Ratio include: NWS (1.62x), ESTC (1.68x), DXCM (1.73x), GLW (1.81x), TEL (1.88x).

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Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.