Shoals Technologies (SHLS) Debt Ratio (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Debt Ratio came in at 0.19 in Q2 2026, up 16.74% on a YoY basis from 0.17 in Q2 2025, and up 9.74% quarter-over-quarter from 0.18 in Q1 2026.
Analysis
Shoals Technologies (SHLS) Debt Ratio (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Debt Ratio for 7 consecutive years, with 0.19 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 16.74% year-over-year to 0.19; the trailing twelve-month figure through Jun 2026 stood at 0.19 (up 16.74% YoY), and the FY2025 full-year result was 0.15, down 15.37% from the prior year.
- Debt Ratio climbed to 0.19 in Q2 2026 per SHLS's latest filing, from 0.18 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.6 in Q1 2022 and bottomed at 0.15 in Q3 2025.
- Historically, Debt Ratio has averaged 0.27 across 5 years, with a median of 0.2 in 2026.
- The sharpest annual moves came in 2023 and 2026: Debt Ratio plunged 56.5% in 2023, then grew 16.74% in 2026.
- Over 5 years, Debt Ratio stood at 0.41 in 2022, then sank by 46.36% to 0.22 in 2023, then retreated by 17.77% to 0.18 in 2024, then decreased by 15.37% to 0.15 in 2025, then rose by 27.92% to 0.19 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.19, 0.18, and 0.15 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 0.20 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 0.37 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 0.40 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 0.44 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 0.31 |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.18 |
| Dec 31, 2025 | 0.15 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.17 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.18 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.20 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.23 |
| Jun 30, 2023 | 0.26 |
| Mar 31, 2023 | 0.29 |
| Dec 31, 2022 | 0.41 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.56 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.58 |
| Sep 30, 2021 | 0.66 |