Shoals Technologies Group Balance Sheet Health
Financial Health criteria checks 5/6
Shoals Technologies Group has a total shareholder equity of $545.0M and total debt of $181.4M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are $844.0M and $299.0M respectively. Shoals Technologies Group's EBIT is $79.0M making its interest coverage ratio 3.3. It has cash and short-term investments of $22.7M.
Key information
33.3%
Debt to equity ratio
US$181.45m
Debt
Interest coverage ratio | 3.3x |
Cash | US$22.71m |
Equity | US$545.00m |
Total liabilities | US$299.00m |
Total assets | US$843.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHLS *'s short term assets ($227.2M) exceed its short term liabilities ($92.6M).
Long Term Liabilities: SHLS *'s short term assets ($227.2M) exceed its long term liabilities ($206.4M).
Debt to Equity History and Analysis
Debt Level: SHLS *'s net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: SHLS *'s debt to equity ratio has increased from 28.6% to 33.3% over the past 5 years.
Debt Coverage: SHLS *'s debt is well covered by operating cash flow (50.7%).
Interest Coverage: SHLS *'s interest payments on its debt are well covered by EBIT (3.3x coverage).