Array Technologies Financials

ARRY Stock  USD 5.69  0.01  0.18%   
Based on the key indicators related to Array Technologies' liquidity, profitability, solvency, and operating efficiency, Array Technologies is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, Array Technologies' Intangible Assets are fairly stable compared to the past year. Key indicators impacting Array Technologies' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.562.2812
Way Down
Slightly volatile
Investors should never underestimate Array Technologies' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Array Technologies' cash flow, debt, and profitability to make informed and accurate decisions about investing in Array Technologies.

Net Income

(252.41 Million)

  
Understanding current and past Array Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Array Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Array Technologies' assets may result in an increase in income on the income statement.

Array Technologies Earnings Geography

Please note, the imprecision that can be found in Array Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Array Technologies. Check Array Technologies' Beneish M Score to see the likelihood of Array Technologies' management manipulating its earnings.

Array Technologies Stock Summary

Array Technologies competes with SolarEdge Technologies, Enphase Energy, Canadian Solar, Sunrun, and First Solar. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 1118 people.
Specialization
Industrials, Capital Goods
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS04271T1007
CUSIP04271T100
LocationNew Mexico; U.S.A
Business Address3901 Midway Place
SectorElectrical Equipment
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitearraytechinc.com
Phone505 881 7567
CurrencyUSD - US Dollar

Array Technologies Key Financial Ratios

Array Technologies Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets656.0M1.1B1.7B1.7B1.4B1.4B
Net Debt319.8M353.6M635.7M458.6M(332.3M)(348.9M)
Cash108.4M367.7M133.9M249.1M363.0M344.8M
Net Receivables135.9M245.1M424.7M332.2M275.8M456.8M
Inventory118.5M205.7M233.2M162.0M200.8M190.8M
Total Liab736.9M974.7M1.3B1.1B1.1B1.1B
Total Current Assets375.2M852.0M831.2M832.3M998.7M948.8M
Other Current Liab41.2M43.5M59.8M74.4M109.7M104.2M
Accounts Payable85.0M92.0M170.4M119.5M172.4M163.7M
Other Current Assets12.4M33.6M39.4M89.1M159.1M247.5M
Common Stock127K135K150K151K173.7K165.0K
Short Term Debt4.3M10.2M49.2M69.5M30.7M34.6M
Net Tangible Assets11.9M(348.9M)(313.7M)423.9M487.4M511.8M
Net Invested Capital347.3M646.2M883.3M941.7M559.2M570.5M
Short Long Term Debt4.3M4.3M38.7M21.5M30.7M29.3M
Net Working Capital86.1M606.7M365.9M496.6M560.9M343.3M
Intangible Assets198.3M174.8M386.4M350.4M181.4M277.1M

Array Technologies Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
202020212022202320242025 (projected)
Interest Expense15.1M35.5M33.5M44.2M34.8M34.1M
Total Revenue872.7M853.3M1.6B1.6B915.8M870.0M
Gross Profit202.8M82.9M227.3M415.6M297.7M282.8M
Operating Income95.2M(24.7M)(18.1M)214.1M(227.0M)(238.4M)
Ebit121.7M(25.6M)(19.9M)221.4M(215.8M)(226.5M)
Ebitda149.1M300K81.2M276.2M(163.0M)(171.1M)
Cost Of Revenue669.9M770.5M1.4B1.2B618.1M587.2M
Net Income59.1M(50.4M)4.4M137.2M(240.4M)(252.4M)
Income Before Tax77.8M(61.1M)(5.0M)177.2M(250.6M)(263.1M)
Income Tax Expense18.7M(10.7M)(9.4M)39.9M(10.2M)(9.7M)
Tax Provision18.7M(10.7M)(9.4M)53.3M(10.2M)(9.7M)
Net Interest Income(15.1M)(35.5M)(33.5M)(41.3M)(18.0M)(19.0M)

Array Technologies Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Array Technologies. It measures of how well Array is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Array Technologies brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Array had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Array Technologies has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
202020212022202320242025 (projected)
Change To Inventory28.3M(88.2M)20.9M66.7M2.9M2.8M
Change In Cash(252.8M)259.2M(233.8M)115.2M115.1M120.8M
Free Cash Flow(123.5M)(266.5M)130.9M215.0M146.7M154.0M
Depreciation27.5M25.9M101.1M54.8M38.2M36.3M
Capital Expenditures1.3M3.4M10.6M17.0M7.3M6.9M
Net Income59.1M(50.4M)4.4M137.2M(240.4M)(252.4M)
End Period Cash Flow108.4M367.7M133.9M249.1M364.1M345.9M
Other Non Cash Items36.0M18.8M10.5M26.7M383.5M364.3M
Investments(1.3M)(15.3M)(384.4M)(15.5M)(9.6M)(10.1M)
Net Borrowings(64.1M)356.7M280.1M(18.0M)(20.8M)(19.7M)
Change To Netincome25.7M34.7M7.4M(19.4M)(17.4M)(16.5M)

Array Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Array Technologies's current stock value. Our valuation model uses many indicators to compare Array Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Array Technologies competition to find correlations between indicators driving Array Technologies's intrinsic value. More Info.
Array Technologies is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers . At this time, Array Technologies' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Array Technologies' earnings, one of the primary drivers of an investment's value.

Array Technologies' Earnings Breakdown by Geography

Array Technologies Systematic Risk

Array Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Array Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifteen with a total number of output elements of fourty-six. The Beta measures systematic risk based on how returns on Array Technologies correlated with the market. If Beta is less than 0 Array Technologies generally moves in the opposite direction as compared to the market. If Array Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Array Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Array Technologies is generally in the same direction as the market. If Beta > 1 Array Technologies moves generally in the same direction as, but more than the movement of the benchmark.

Array Technologies Thematic Clasifications

Array Technologies is part of Cancer Fighters investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Public companies from health care and pharmaceutical sectors that are focused on fighting cancer. Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases
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This theme covers Public companies from health care and pharmaceutical sectors that are focused on fighting cancer. Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases. Get More Thematic Ideas
Today, most investors in Array Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Array Technologies' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Array Technologies growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0146

At this time, Array Technologies' Price Earnings To Growth Ratio is fairly stable compared to the past year.

Array Technologies March 23, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Array Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Array Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Array Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Array Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Array Technologies's daily price indicators and compare them against related drivers.

Additional Tools for Array Stock Analysis

When running Array Technologies' price analysis, check to measure Array Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.