Shoals Technologies (SHLS) Dividend Coverage Ratio (2020 - 2023)

Shoals Technologies (SHLS) has reported Dividend Coverage Ratio for 4 consecutive years, with 6.46 the latest figure, recorded in Q1 2023.

• For the quarter ending Q1 2023, Dividend Coverage Ratio rose 308.4% year-over-year to 6.46; the trailing twelve-month figure through Dec 2023 stood at 16.23 (down 11.89% YoY), and the FY2023 full-year result was 16.23, down 11.89% from the prior year.
• Dividend Coverage Ratio rose to 6.46 in Q1 2023 per SHLS's latest filing, from 3.99 in the prior quarter.
• Across five years, Dividend Coverage Ratio topped out at 43.43 in Q1 2020 and bottomed at 0.07 in Q1 2021.
• Historically, Dividend Coverage Ratio has averaged 6.13 across 4 years, with a median of 1.46 in 2020.
• The sharpest annual moves came in 2021 and 2022: Dividend Coverage Ratio slumped 100.15% in 2021, then jumped 11760.91% in 2022.
• Over 4 years, Dividend Coverage Ratio stood at 0.01 in 2020, then plunged by 33.1% to 0.01 in 2021, then soared by 51142.9% to 3.99 in 2022, then jumped by 61.87% to 6.46 in 2023.
• According to Business Quant data, Dividend Coverage Ratio over the past three periods registered 6.46, 3.99, and 4.49 for Q1 2023, Q3 2022, and Q2 2022 respectively.