Shoals Technologies Group Balance Sheet Health
Financial Health criteria checks 4/6
Shoals Technologies Group has a total shareholder equity of $544.6M and total debt of $146.8M, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are $788.4M and $243.9M respectively. Shoals Technologies Group's EBIT is $51.5M making its interest coverage ratio 2.7. It has cash and short-term investments of $3.2M.
Key information
26.9%
Debt to equity ratio
US$146.75m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$3.19m |
| Equity | US$544.59m |
| Total liabilities | US$243.85m |
| Total assets | US$788.44m |
Recent financial health updates
Does Shoals Technologies Group (NASDAQ:SHLS) Have A Healthy Balance Sheet?
Sep 04
These 4 Measures Indicate That Shoals Technologies Group (NASDAQ:SHLS) Is Using Debt Reasonably Well
Apr 16Recent updates
Does 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 13Shoals: The Dark Horse Of The Solar Industry
Aug 23Financial Position Analysis
Short Term Liabilities: SHLS's short term assets ($177.3M) exceed its short term liabilities ($78.3M).
Long Term Liabilities: SHLS's short term assets ($177.3M) exceed its long term liabilities ($165.6M).
Debt to Equity History and Analysis
Debt Level: SHLS's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: SHLS's debt to equity ratio has increased from 22.8% to 26.9% over the past 5 years.
Debt Coverage: SHLS's debt is well covered by operating cash flow (71.4%).
Interest Coverage: SHLS's interest payments on its debt are not well covered by EBIT (2.7x coverage).