Shoals Technologies (SHLS) Non-Current Debt (2020 - 2026)
Shoals Technologies (SHLS) recorded Non-Current Debt of $196.75 million in Q2 2026, up 49.3% from $131.75 million a year earlier and up 8.3% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Non-Current Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Shoals Technologies reported Non-Current Debt of $136.75 million, down 3.5% from FY2024.
- Annual Non-Current Debt has a five-year compound annual growth rate of 46.9% (FY2020 to FY2025).
- Across earlier years, Non-Current Debt came in at $141.75 million in FY2024 (+254.4%), $40 million in FY2023 (-16.7%), $48 million in FY2022 (-12.9%) and $55.14 million in FY2021 (+175.7%).
- The Q2 2026 figure is the highest quarterly Non-Current Debt in data going back to Q4 2020.
- On a year-over-year basis, Non-Current Debt rose in three of the last seven quarters, with growth averaging 41.7%.
- Peak year-over-year performance for Non-Current Debt in the last five years was growth of 633.8% in Q2 2024, against a decline of 76.5% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $181.75 million (Q1 2026), $136.75 million (Q4 2025) and $126.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 2.79 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 2.58 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | - |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 2.02 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 1.25 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 1.01 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 572.84 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 443.70 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 196.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 196.75 Mn |
| Mar 31, 2026 | 181.75 Mn |
| Dec 31, 2025 | 136.75 Mn |
| Sep 30, 2025 | 126.75 Mn |
| Jun 30, 2025 | 131.75 Mn |
| Mar 31, 2025 | 141.75 Mn |
| Dec 31, 2024 | 141.75 Mn |
| Sep 30, 2024 | 141.75 Mn |
| Jun 30, 2024 | 146.75 Mn |
| Mar 31, 2024 | 168.75 Mn |
| Dec 31, 2023 | 40.00 Mn |
| Jun 30, 2023 | 20.00 Mn |
| Mar 31, 2023 | 45.00 Mn |
| Dec 31, 2022 | 48.00 Mn |
| Sep 30, 2022 | 85.64 Mn |
| Jun 30, 2022 | 85.14 Mn |
| Mar 31, 2022 | 90.14 Mn |
| Dec 31, 2021 | 55.14 Mn |
| Sep 30, 2021 | 60.14 Mn |
| Jun 30, 2021 | 49.00 Mn |
API Access
Shoals Technologies Non-Current Debt 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=non-current-debt&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();