Array Technologies Inc Total Assets
Array Technologies Inc total assets. Based on the latest financial reports, Array Technologies Inc (ARRY) holds total assets worth $1.61 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see Array Technologies Inc cash conversion from operations for how efficiently the company converts equity into cash flow.
Total Assets of Array Technologies Inc (2001–2024)
Total assets of Array Technologies Inc from 2001 to 2024. This chart illustrates how Array Technologies Inc's total assets have evolved over time, based on quarterly financial data. See Array Technologies Inc stock price for real-time trading data and today's change.
Array Technologies Inc - Asset Composition Analysis
Array Technologies Inc Total Assets Breakdown (December 2024)
Array Technologies Inc total assets breakdown as of December 2024. Array Technologies Inc's total assets of $1.61 Billion consist of 70.0% current assets and 30.0% non-current assets. Explore how liquid is Array Technologies Inc's working capital to assess how much short-term liquidity the company maintains relative to its equity base.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 25.5% |
| Accounts Receivable | $275.84 Million | 19.3% |
| Inventory | $200.82 Million | 14.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $181.41 Million | 12.7% |
| Goodwill | $160.19 Million | 11.2% |
Asset Composition Trend (2001–2024)
This chart illustrates how Array Technologies Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Array Technologies Inc's current assets represent 70.0% of total assets in 2024, an increase from 66.1% in 2001.
- Cash Position: Cash and equivalents constituted 25.5% of total assets in 2024, down from 32.8% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 23.0% of total assets, an increase from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 19.3% of total assets.
Array Technologies Inc Competitors by Total Assets
Key competitors of Array Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Premier Energies Limited
NSE:PREMIERENE
|
India | Rs108.45 Billion |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
India | Rs7.09 Billion |
|
Profithol S.A.
MC:SPH
|
Spain | €19.80 Million |
|
Glass To Power SpA
PA:MLGLB
|
France | €1.85 Million |
|
Clearvue Technologies Ltd
AU:CPV
|
Australia | AU$12.51 Million |
|
Mpower Group Ltd
AU:MPR
|
Australia | AU$14.99 Million |
|
Clear Blue Technologies International Inc
V:CBLU
|
Canada | CA$4.74 Million |
|
Solar Alliance Energy Inc
V:SOLR
|
Canada | CA$866.77K |
Array Technologies Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.89 | 2.41 | 1.30 |
| Quick Ratio | 1.50 | 1.88 | 0.89 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $408.06 Million | $527.39 Million | $86.07 Million |
Array Technologies Inc - Advanced Valuation Insights
This section examines the relationship between Array Technologies Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.03 |
| Latest Market Cap to Assets Ratio | 0.36 |
| Asset Growth Rate (YoY) | -16.4% |
| Total Assets | $1.43 Billion |
| Market Capitalization | $517.81 Million USD |
Valuation Analysis
Below Book Valuation: The market values Array Technologies Inc's assets below their book value (0.36x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Array Technologies Inc's assets decreased by 16.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Array Technologies Inc (2001–2024)
The table below shows the annual total assets of Array Technologies Inc from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.43 Billion | -16.45% |
| 2023-12-31 | $1.71 Billion | +0.04% |
| 2022-12-31 | $1.71 Billion | +49.26% |
| 2021-12-31 | $1.14 Billion | +74.23% |
| 2020-12-31 | $656.02 Million | -28.97% |
| 2019-12-31 | $923.58 Million | +81.14% |
| 2018-12-31 | $509.86 Million | +82.65% |
| 2017-12-31 | $279.14 Million | +65.27% |
| 2016-12-31 | $168.90 Million | -14.79% |
| 2015-12-31 | $198.21 Million | +42.54% |
| 2014-12-31 | $139.05 Million | +2.25% |
| 2013-12-31 | $135.99 Million | +25.83% |
| 2012-12-31 | $108.07 Million | +474.49% |
| 2011-12-31 | $18.81 Million | -55.08% |
| 2010-12-31 | $41.88 Million | -16.47% |
| 2009-12-31 | $50.14 Million | -19.55% |
| 2008-12-31 | $62.32 Million | -64.38% |
| 2007-12-31 | $174.97 Million | -99.83% |
| 2006-12-31 | $102.17 Billion | -20.15% |
| 2005-12-31 | $127.95 Billion | +64.54% |
| 2004-12-31 | $77.76 Billion | -7.24% |
| 2003-12-31 | $83.83 Billion | -22.32% |
| 2002-12-31 | $107.91 Billion | 0.00% |
| 2001-12-31 | $107.91 Billion | -- |
About Array Technologies Inc
Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltai… Read more