Shoals Technologies (SHLS) Debt Ratio (2019 - 2026)
Shoals Technologies' (SHLS) Debt Ratio was 0.17 for Q3 2026, up 12.4% from 0.15 a year earlier but down 13.5% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Shoals Technologies was 0.15, down 15.4% from FY2024.
- By year, Debt Ratio came in at 0.18 in FY2024 (+259.2%), 0.05 in FY2023 (-40.8%), 0.08 in FY2022 (-37.3%) and 0.13 in FY2021 (+11.4%).
- Five-year quarterly Debt Ratio spans a low of 0.00 in Q3 2023 and a high of 0.20 in Q1 2024.
- Year over year, Debt Ratio gained in three of the last eight quarters, with growth averaging 29.0%.
- The high point for year-over-year Debt Ratio in five years was Q2 2024 (growth of 592.8%); the low point was Q3 2023 (a decline of 98.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.19 (Q2 2026), 0.18 (Q1 2026) and 0.15 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.03 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.00 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.01 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.43 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.22 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.42 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.22 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.13 |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 0.17 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.17 |
| 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 | 0.05 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.03 |
| Mar 31, 2023 | 0.06 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.17 |
| Jun 30, 2022 | 0.18 |
| Mar 31, 2022 | 0.19 |
| Dec 31, 2021 | 0.13 |
API Access
Shoals Technologies Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();