Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)
Shoals Technologies' (SHLS) Interest Coverage Ratio came in at 7.44 for Q3 2026, up 12.8% from 6.59 a year earlier and up 38.0% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Interest Coverage Ratio at Shoals Technologies was 5.70, up 6.8% year-over-year; for FY2025, it was 5.64, up 52.4% from FY2024.
- In prior years, Shoals Technologies' Interest Coverage Ratio was 3.70 in FY2024 (+12.9%), 3.28 in FY2023 (-8.3%), 3.58 in FY2022 (+43.7%) and 2.49 in FY2021 (-76.6%).
- The Q3 2026 figure stands as the highest quarterly Interest Coverage Ratio since Q3 2020.
- On a year-over-year basis, Interest Coverage Ratio increased in six of the last eight quarters, with growth averaging 52.2%.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q4 2022, with growth of 449.1%; the weakest was Q4 2021, with a decline of 70.1%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 5.39 (Q2 2026), 2.66 (Q1 2026) and 6.93 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 19.63 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 29.96 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 228.50 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 592.99 |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 25.86 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 9.80 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 4.13 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 11.46 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 2.05 |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 7.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.44 |
| Jun 30, 2026 | 5.39 |
| Mar 31, 2026 | 2.66 |
| Dec 31, 2025 | 6.93 |
| Sep 30, 2025 | 6.59 |
| Jun 30, 2025 | 7.15 |
| Mar 31, 2025 | 1.79 |
| Dec 31, 2024 | 5.66 |
| Sep 30, 2024 | 1.43 |
| Jun 30, 2024 | 5.69 |
| Mar 31, 2024 | 2.59 |
| Dec 31, 2023 | 5.59 |
| Sep 30, 2023 | -1.79 |
| Jun 30, 2023 | 4.86 |
| Mar 31, 2023 | 4.35 |
| Dec 31, 2022 | 4.05 |
| Sep 30, 2022 | 4.20 |
| Jun 30, 2022 | 3.11 |
| Mar 31, 2022 | 2.61 |
| Dec 31, 2021 | 0.74 |
API Access
Shoals Technologies Interest Coverage 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=interest-coverage-ratio&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();