Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)
Shoals Technologies posted quarterly Interest Coverage Ratio of 2.66 for Q1 2026, up 48.9% year-on-year from 1.79 in Q1 2025, and down 61.64% on a QoQ basis from 6.93 in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Interest Coverage Ratio data on file, last reported at 2.66 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 48.9% year-over-year to 2.66; the trailing twelve-month figure through Mar 2026 stood at 5.7 (up 52.89% YoY), and the FY2025 full-year result was 5.64, up 52.45% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.66, down from 6.93 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 7.15 in Q2 2025 and bottomed at 1.79 in Q3 2023.
- The 5-year median for Interest Coverage Ratio is 4.2 (2022), against an average of 3.97.
- The widest annual swing landed in 2022, when Interest Coverage Ratio soared 449.14%; it then plunged 142.67% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 4.05 in 2022, then jumped by 38.21% to 5.59 in 2023, then grew by 1.17% to 5.66 in 2024, then gained by 22.53% to 6.93 in 2025, then sank by 61.64% to 2.66 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.66 (Q1 2026), 6.93 (Q4 2025), and 6.59 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 45.35 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.32 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -46.83 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | - |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 2.66 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 1.28 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -2,410.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 2.67 |
| Jun 30, 2021 | 3.89 |
| Mar 31, 2021 | 2.67 |
| Dec 31, 2020 | 2.46 |
| Sep 30, 2020 | 145.24 |
| Jun 30, 2020 | 24.21 |
| Mar 31, 2020 | 35.17 |