Shoals Technologies (SHLS) Net Long-Term Debt Issued (Repaid) (2020 - 2026)
Shoals Technologies (SHLS) recorded Non-Current Debt of $163.75 million in Q3 2026, up 29.2% from $126.75 million a year earlier but down 16.8% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Net Long-Term Debt Issued (Repaid) (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%).
- Quarterly Non-Current Debt has ranged from $20 million in Q2 2023 to $196.75 million in Q2 2026 over the past five years.
- On a year-over-year basis, Non-Current Debt has increased for three consecutive quarters, with growth averaging 40.1% over the last eight quarters.
- 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 $196.75 million (Q2 2026), $181.75 million (Q1 2026) and $136.75 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | - |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | -5.38 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 672.37 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | - |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | -4.30 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | - |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | - |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | - |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | -33.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -33.00 Mn |
| Jun 30, 2026 | 15.00 Mn |
| Mar 31, 2026 | 45.00 Mn |
| Dec 31, 2025 | 10.00 Mn |
| Sep 30, 2025 | -5.00 Mn |
| Jun 30, 2025 | -10.00 Mn |
| Sep 30, 2024 | -5.00 Mn |
| Jun 30, 2024 | -22.00 Mn |
| Mar 31, 2024 | -15.00 Mn |
| Dec 31, 2023 | -10.00 Mn |
| Sep 30, 2023 | -20.50 Mn |
| Jun 30, 2023 | -25.50 Mn |
| Mar 31, 2023 | -3.50 Mn |
| Dec 31, 2022 | -38.14 Mn |
| Jun 30, 2022 | -5.50 Mn |
| Mar 31, 2022 | 34.50 Mn |
| Dec 31, 2021 | -5.50 Mn |
| Sep 30, 2021 | 10.64 Mn |
| Jun 30, 2021 | 9.13 Mn |
| Mar 31, 2021 | -131.88 Mn |
API Access
Shoals Technologies Net Long-Term Debt Issued (Repaid) 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();