Company / Interest Expense
Array Technologies, Inc. Interest Expense History
FY2018-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$44.2M
FY2023
5-year range
$15.1M / $44.2M
FY2019-FY2023
Trend
+192.3%
vs FY2022
Sector context
#51 of 113
Industrials
What the data says
At $44M, Array Technologies, Inc.'s interest expense ranks #63 of 113 in the Industrials sector. Interest Expense returned to growth in FY2023 after 2 years of decline, reaching $44M.
Based on SEC 10-K filings.
$44M in FY2023 with a 5-year CAGR of +18.4%.
Increased from $19M to $44M over the past 2 years.
Industrials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +32.4%
- 5-Year CAGR
- +18.4%
- 10-Year CAGR
- -
Sector benchmark
#63 of 113 in IndustrialsTop 55% of 113This company $44.2M Sector average $104.6M
▼
-57.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +18.4%, indicating consistent growth.
- In FY2023, interest expense increased 192.3% year-over-year.
- Ranks #51 out of 113 companies in the Industrials sector.
- Lowest interest expense in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.76 (distress zone, below 1.8 threshold)
- Negative profit margin: -26.3%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $44.2M | +192.3% |
| FY2022 | $15.1M | -19.5% |
| FY2021 | $18.8M | -1.3% |
| FY2020 | $19.0M | +1.3% |
| FY2019 | $18.8M | -1.3% |
| FY2018 | $19.0M | - |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026