Solaredge Technologies (SEDG) Long-Term Deferred Tax (2015 - 2024)
Solaredge Technologies (SEDG) posted quarterly Long-Term Deferred Tax of $131.7 million for Q2 2024, up 163.53% year-over-year from $50.0 million in Q3 2023, and up 7.49% quarter-over-quarter from $122.6 million in Q1 2024.
Solaredge Technologies (SEDG) Long-Term Deferred Tax (2015 - 2024) Analysis & Trends
Solaredge Technologies (SEDG) has reported Long-Term Deferred Tax for 10 consecutive years, with $131.7 million the latest figure, recorded in Q2 2024.
- In Q2 2024, Long-Term Deferred Tax rose 163.53% year-over-year to $131.7 million; the TTM figure through Jun 2024 stood at $131.7 million (up 163.53% YoY), while the FY2023 annual figure was $80.9 million, up 83.25% from the prior year.
- Long-Term Deferred Tax improved to $131.7 million in Q2 2024 per SEDG's latest filing, from $122.6 million in the prior quarter.
- Across five years, Long-Term Deferred Tax topped out at $131.7 million in Q2 2024 and bottomed at $10.7 million in Q3 2020.
- Historically, Long-Term Deferred Tax has averaged $43.6 million across 5 years, with a median of $32.3 million in 2022.
- Annual changes were most pronounced in 2020 — Long-Term Deferred Tax slumped 37.85% — and 2024, when it jumped 163.53%.
- Solaredge Technologies' Long-Term Deferred Tax stood at $11.7 million in 2020, then surged by 136.14% to $27.6 million in 2021, then surged by 60.14% to $44.2 million in 2022, then jumped by 83.25% to $80.9 million in 2023, then surged by 62.83% to $131.7 million in 2024.
- Business Quant data shows SEDG's Long-Term Deferred Tax at $131.7 million in Q2 2024, $122.6 million in Q1 2024, and $80.9 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 131.75 Mn |
| Mar 31, 2024 | 122.56 Mn |
| Dec 31, 2023 | 80.91 Mn |
| Sep 30, 2023 | 60.15 Mn |
| Jun 30, 2023 | 49.99 Mn |
| Mar 31, 2023 | 46.61 Mn |
| Dec 31, 2022 | 44.15 Mn |
| Sep 30, 2022 | 38.27 Mn |
| Jun 30, 2022 | 33.40 Mn |
| Mar 31, 2022 | 31.21 Mn |
| Dec 31, 2021 | 27.57 Mn |
| Sep 30, 2021 | 21.83 Mn |
| Jun 30, 2021 | 19.96 Mn |
| Mar 31, 2021 | 17.35 Mn |
| Dec 31, 2020 | 11.68 Mn |
| Sep 30, 2020 | 10.68 Mn |
| Jun 30, 2020 | 19.12 Mn |
| Mar 31, 2020 | 17.10 Mn |
| Dec 31, 2019 | 16.30 Mn |
| Sep 30, 2019 | 17.18 Mn |