DC-DC converter commonly used in photovoltaic systems or fuel cell systems is a boost converter. Among several types of boost converter, the interleaved boost converter with small input and output current ripples is widely used in recent years. Because of small input and output current ripples, the circuit can reduce the size of the input and output capacitors. Thus, instead of conventional electrolytic capacitor, the film capacitor with high reliability can be used and this is the life and reliability of the entire system can be improved. In this paper, the input/output current ripple formulas of the multi-stage interleaved boost converter are derived, and the characteristics in accordance with duty are found out. In order to verify the above mentioned contents, the derived results will make a comparison with the calculated values by using PSIM tool.