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
DateValue
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