Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Total Non-Current Liabilities came in at $398.7 million in Q2 2026, up 85.55% on a YoY basis from $214.9 million in Q2 2025, and down 6.9% quarter-over-quarter from $428.3 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Total Non-Current Liabilities for 7 consecutive years, with $398.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Non-Current Liabilities rose 85.55% year-over-year to $398.7 million; the trailing twelve-month figure through Jun 2026 stood at $398.7 million (up 85.55% YoY), and the FY2025 full-year result was $303.1 million, up 34.79% from the prior year.
- Total Non-Current Liabilities slipped to $398.7 million in Q2 2026 per SHLS's latest filing, from $428.3 million in the prior quarter.
- Across five years, Total Non-Current Liabilities topped out at $507.2 million in Q3 2022 and bottomed at $214.9 million in Q2 2025.
- Historically, Total Non-Current Liabilities has averaged $314.8 million across 5 years, with a median of $282.8 million in 2023.
- The sharpest annual moves came in 2023 and 2026: Total Non-Current Liabilities plunged 45.56% in 2023, then surged 91.16% in 2026.
- Over 5 years, Total Non-Current Liabilities stood at $293.9 million in 2022, then retreated by 6.37% to $275.2 million in 2023, then fell by 18.28% to $224.9 million in 2024, then surged by 34.79% to $303.1 million in 2025, then surged by 31.52% to $398.7 million in 2026.
- According to Business Quant data, Total Non-Current Liabilities over the past three periods registered $398.7 million, $428.3 million, and $303.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 2.78 Bn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 1.61 Bn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 1.56 Bn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 971.12 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 1.34 Bn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 398.69 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 11.12 Bn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 1.22 Bn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 4.92 Bn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 85.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 398.69 Mn |
| Mar 31, 2026 | 428.26 Mn |
| Dec 31, 2025 | 303.14 Mn |
| Sep 30, 2025 | 259.11 Mn |
| Jun 30, 2025 | 214.87 Mn |
| Mar 31, 2025 | 224.04 Mn |
| Dec 31, 2024 | 224.89 Mn |
| Sep 30, 2024 | 236.11 Mn |
| Jun 30, 2024 | 227.67 Mn |
| Mar 31, 2024 | 251.24 Mn |
| Dec 31, 2023 | 275.18 Mn |
| Sep 30, 2023 | 276.15 Mn |
| Jun 30, 2023 | 289.42 Mn |
| Mar 31, 2023 | 302.52 Mn |
| Dec 31, 2022 | 293.91 Mn |
| Sep 30, 2022 | 507.22 Mn |
| Jun 30, 2022 | 483.38 Mn |
| Mar 31, 2022 | 470.85 Mn |
| Dec 31, 2021 | 433.91 Mn |
| Dec 31, 2020 | 379.43 Mn |