Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)
Shoals Technologies' (SHLS) Interest Coverage Ratio came in at 5.39 for Q2 2026, down 24.7% from 7.15 a year earlier but up 102.7% from the prior quarter.
Powered by 
Analysis
Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Coverage Ratio at Shoals Technologies was 5.33, up 38.6% 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%).
- Quarterly Interest Coverage Ratio has run from a low of -1.79 in Q3 2023 to a high of 7.15 in Q2 2025 over five years.
- On a year-over-year basis, Interest Coverage Ratio increased in five of the last seven quarters, with growth averaging 57.9%.
- 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 Q3 2021, with a decline of 98.2%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 2.66 (Q1 2026), 6.93 (Q4 2025) and 6.59 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 8.95 |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 20.46 |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 80.96 |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 21.60 |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 12.54 |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 14.29 |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 157.55 |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 2.13 |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 5.39 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 2.67 |
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();