Shoals Technologies (SHLS) Debt Ratio (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Debt Ratio came in at 0.18 in Q1 2026, down 1.94% YoY from 0.18 in Q1 2025, and up 16.56% on a QoQ basis from 0.15 in Q4 2025.
Shoals Technologies (SHLS) Debt Ratio (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Debt Ratio data on file, last reported at 0.18 in Q1 2026.
- Quarterly Debt Ratio fell 1.94% year-over-year to 0.18 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.18 (down 1.94% YoY) and the FY2025 annual result came in at 0.15, down 15.37% from the prior year.
- Debt Ratio advanced to 0.18 in Q1 2026, from 0.15 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.6 in Q1 2022 to a low of 0.03 in Q2 2023.
- A 5-year average of 0.22 and a median of 0.18 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio plunged 85.61% — and 2024, when it jumped 592.75%.
- Tracing SHLS's Debt Ratio over 5 years: stood at 0.08 in 2022, then jumped by 158.61% to 0.22 in 2023, then declined by 17.77% to 0.18 in 2024, then fell by 15.37% to 0.15 in 2025, then gained by 16.56% to 0.18 in 2026.
- The last three Debt Ratio figures came in at 0.18 (Q1 2026), 0.15 (Q4 2025), and 0.15 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 0.20 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 0.62 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 0.55 |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 0.15 |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 0.44 |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 0.01 |
Historic Data
Download 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 | 0.03 |
| Mar 31, 2023 | 0.29 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.18 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.58 |
| Sep 30, 2021 | 0.66 |