Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)
Shoals Technologies (SHLS) posted Interest Coverage Ratio of 2.66 for Q1 2026, down 50.46% on a QoQ basis from 5.37 in Q4 2025, and up 1500.36% year-over-year from 0.17 in Q1 2025.
Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Shoals Technologies' Interest Coverage Ratio history runs 7 years deep, the most recent figure standing at 2.66 for 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 36.61 (up 2064.83% YoY) and the FY2025 annual result came in at 5.64, up 226.37% from the prior year.
- Interest Coverage Ratio was 2.66 for Q1 2026 at Shoals Technologies, down from 5.37 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 5.59 in Q4 2023 and bottomed at 2.89 in Q4 2022.
- A 5-year average of 1.91 and a median of 2.61 in 2022 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio plunged 492.88% — and 2025, when it soared 3047.23%.
- Shoals Technologies' Interest Coverage Ratio stood at 2.89 in 2022, then surged by 293.18% to 5.59 in 2023, then slumped by 128.87% to 1.61 in 2024, then soared by 432.52% to 5.37 in 2025, then tumbled by 50.46% to 2.66 in 2026.
- Business Quant data shows SHLS's Interest Coverage Ratio at 2.66 in Q1 2026, 5.37 in Q4 2025, and 4.1 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 6.14 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 5.78 |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -1.04 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -0.66 |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -0.21 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 2.66 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.32 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.25 |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -46.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.66 |
| Dec 31, 2025 | 5.37 |
| Sep 30, 2025 | 4.10 |
| Jun 30, 2025 | 1.06 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | -1.61 |
| Sep 30, 2024 | 0.13 |
| Jun 30, 2024 | 0.60 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 5.59 |
| Sep 30, 2023 | -0.61 |
| Jun 30, 2023 | 3.28 |
| Mar 31, 2023 | 4.35 |
| Dec 31, 2022 | -2.89 |
| Sep 30, 2022 | 4.20 |
| Jun 30, 2022 | 3.11 |
| Mar 31, 2022 | 2.61 |
| Dec 31, 2021 | 0.74 |
| Sep 30, 2021 | 1.70 |
| Jun 30, 2021 | 2.24 |