Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Interest Coverage Ratio came in at 2.66 in Q1 2026, up 1500.36% YoY from 0.17 in Q1 2025, and up 192.92% on a QoQ basis from 2.86 in Q4 2025.
Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Interest Coverage Ratio data on file, last reported at 2.66 in Q1 2026.
- Quarterly Interest Coverage Ratio rose 1500.36% year-over-year to 2.66 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.33 (down 414.85% YoY) and the FY2025 annual result came in at 5.64, up 226.37% from the prior year.
- Interest Coverage Ratio climbed to 2.66 in Q1 2026, from 2.86 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 6.78 in Q4 2023 to a low of 2.86 in Q4 2025.
- A 5-year average of 1.99 and a median of 2.61 in 2022 frame the typical range for Interest Coverage Ratio.
- The widest YoY moves for Interest Coverage Ratio: up 3047.23% in 2025, down 121.35% in 2025.
- Tracing SHLS's Interest Coverage Ratio over 5 years: stood at 5.24 in 2022, then increased by 29.39% to 6.78 in 2023, then plunged by 119.08% to 1.29 in 2024, then slumped by 121.35% to 2.86 in 2025, then surged by 192.92% to 2.66 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.66 (Q1 2026), 2.86 (Q4 2025), and 4.1 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 157.55 |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -1.30 |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.32 |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 6.01 |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | -46.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.38 |
| Mar 31, 2026 | 2.66 |
| Dec 31, 2025 | -2.86 |
| Sep 30, 2025 | 4.10 |
| Jun 30, 2025 | 1.06 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | -1.29 |
| Sep 30, 2024 | 0.13 |
| Jun 30, 2024 | 0.60 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 6.78 |
| Sep 30, 2023 | -0.61 |
| Jun 30, 2023 | 3.28 |
| Mar 31, 2023 | 4.35 |
| Dec 31, 2022 | 5.24 |
| Sep 30, 2022 | 4.20 |
| Jun 30, 2022 | 3.11 |
| Mar 31, 2022 | 2.61 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 1.70 |