Shoals Technologies Group Balance Sheet Health
Financial Health criteria checks 5/6
Shoals Technologies Group has a total shareholder equity of $545.2M and total debt of $141.8M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are $801.3M and $256.1M respectively. Shoals Technologies Group's EBIT is $66.6M making its interest coverage ratio 4.1. It has cash and short-term investments of $11.1M.
Key information
26.0%
Debt to equity ratio
US$141.75m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$11.11m |
| Equity | US$545.20m |
| Total liabilities | US$256.11m |
| Total assets | US$801.30m |
Recent financial health updates
Shoals Technologies Group (NASDAQ:SHLS) Seems To Use Debt Quite Sensibly
Jan 03
Does Shoals Technologies Group (NASDAQ:SHLS) Have A Healthy Balance Sheet?
Sep 04These 4 Measures Indicate That Shoals Technologies Group (NASDAQ:SHLS) Is Using Debt Reasonably Well
Apr 16Recent updates
Is It Time To Consider Buying Shoals Technologies Group, Inc. (NASDAQ:SHLS)?
Jan 21Shoals Technologies Group (NASDAQ:SHLS) Seems To Use Debt Quite Sensibly
Jan 03Investor Optimism Abounds Shoals Technologies Group, Inc. (NASDAQ:SHLS) But Growth Is Lacking
Dec 12Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
Nov 19Shoals Technologies Group, Inc. (NASDAQ:SHLS) Shares Could Be 48% Below Their Intrinsic Value Estimate
Sep 26Shoals Technologies Stock: Why I'm Staying Bullish Despite The Recent Setbacks
Sep 04Does Shoals Technologies Group (NASDAQ:SHLS) Have A Healthy Balance Sheet?
Sep 04Subdued Growth No Barrier To Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Price
Aug 02Shoals Technologies: Attractive Long-Term Growth Potential Despite Temporary Headwinds
Jul 29Is It Too Late To Consider Buying Shoals Technologies Group, Inc. (NASDAQ:SHLS)?
Jul 12Returns On Capital At Shoals Technologies Group (NASDAQ:SHLS) Have Stalled
May 26Shoals Technologies: Market And Warranty Update
May 22Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Trading At A 44% Discount?
May 10Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Popularity With Investors Under Threat As Stock Sinks 28%
Apr 25These 4 Measures Indicate That Shoals Technologies Group (NASDAQ:SHLS) Is Using Debt Reasonably Well
Apr 16Shoals Technologies: High-Growth Undervalued Stock Benefitting From High-Growth Markets
Apr 16Why Shoals Technologies Group, Inc. (NASDAQ:SHLS) Could Be Worth Watching
Mar 29Shoals Technologies: Worth Buying For The Long Term
Mar 14Analysts Are More Bearish On Shoals Technologies Group, Inc. (NASDAQ:SHLS) Than They Used To Be
Mar 07Shoals- FCF Improvement Is Underappreciated, But No Pressing Need To Buy Now
Mar 06Shoals Technologies Group, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Mar 02Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) 25% Share Price Surge Not Quite Adding Up
Feb 17Shoals Technologies Group (NASDAQ:SHLS) Could Be Struggling To Allocate Capital
Feb 05Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Shareholders Might Be Looking For Exit
Jan 02At US$13.29, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?
Dec 09Shoals Technologies Group (NASDAQ:SHLS) Is Experiencing Growth In Returns On Capital
Sep 08An Intrinsic Calculation For Shoals Technologies Group, Inc. (NASDAQ:SHLS) Suggests It's 40% Undervalued
Aug 18Here's Why We Think Shoals Technologies Group (NASDAQ:SHLS) Is Well Worth Watching
Jul 31The Return Trends At Shoals Technologies Group (NASDAQ:SHLS) Look Promising
May 29Shoals Technologies Group, Inc. (NASDAQ:SHLS) Shares Could Be 34% Below Their Intrinsic Value Estimate
May 09Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Popularity With Investors Is Under Threat From Overpricing
Apr 18A Look At The Intrinsic Value Of Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Jan 13Financial Position Analysis
Short Term Liabilities: SHLS's short term assets ($190.8M) exceed its short term liabilities ($91.9M).
Long Term Liabilities: SHLS's short term assets ($190.8M) exceed its long term liabilities ($164.2M).
Debt to Equity History and Analysis
Debt Level: SHLS's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: SHLS's debt to equity ratio has increased from 20% to 26% over the past 5 years.
Debt Coverage: SHLS's debt is well covered by operating cash flow (65.5%).
Interest Coverage: SHLS's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 05:55 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shoals Technologies Group, Inc. is covered by 29 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Moses Sutton | BNP Paribas Exane |
| Dimple Gosai | BofA Global Research |