Shoals Technologies Group Balance Sheet Health
Financial Health criteria checks 4/6
Shoals Technologies Group has a total shareholder equity of $554.0M and total debt of $168.8M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are $825.3M and $271.3M respectively. Shoals Technologies Group's EBIT is $64.5M making its interest coverage ratio 2.9. It has cash and short-term investments of $15.2M.
Key information
30.5%
Debt to equity ratio
US$168.75m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$15.24m |
| Equity | US$553.98m |
| Total liabilities | US$271.33m |
| Total assets | US$825.31m |
Recent financial health updates
Recent updates
Returns On Capital At Shoals Technologies Group (NASDAQ:SHLS) Have Stalled
May 26
Shoals 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 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 28Financial Position Analysis
Short Term Liabilities: SHLS's short term assets ($208.5M) exceed its short term liabilities ($79.6M).
Long Term Liabilities: SHLS's short term assets ($208.5M) exceed its long term liabilities ($191.7M).
Debt to Equity History and Analysis
Debt Level: SHLS's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: SHLS's debt to equity ratio has increased from 25.6% to 30.5% over the past 5 years.
Debt Coverage: SHLS's debt is well covered by operating cash flow (56.2%).
Interest Coverage: SHLS's interest payments on its debt are not well covered by EBIT (2.9x coverage).