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
Recent updates
Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Popularity With Investors Under Threat As Stock Sinks 28%
Apr 25
These 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 13Shoals: The Dark Horse Of The Solar Industry
Aug 23Shoals Technologies Group (NASDAQ:SHLS) Has More To Do To Multiply In Value Going Forward
Aug 16Shoals Technologies Q2 2022 Earnings Preview
Aug 12Shoals: A High-Growth Solar Component Manufacturer Tackling A Large International Target Market
Jul 28Shoals Technologies Group May Soon Decide Which Direction It Wants To Go
Jul 19A Look At The Fair Value Of Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Jun 24Returns At Shoals Technologies Group (NASDAQ:SHLS) Are On The Way Up
May 03Shoals: Growing Fast With A Competitive Advantage
Apr 01Shoals Technologies Shows Resilience In Q4
Mar 21Financial 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).