Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc.verified

SHLS

Price:

$5.65

Market Cap:

$941.55M

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group,...[Read more]

Industry

Solar

IPO Date

2021-01-28

Stock Exchange

NASDAQ

Ticker

SHLS

The Current Ratio as of September 2024 (TTM) for Shoals Technologies Group, Inc. (SHLS) is 2.26

According to Shoals Technologies Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.26. This represents a change of -8.25% compared to the average of 2.47 of the last 4 quarters.

Shoals Technologies Group, Inc. (SHLS) Historical Current Ratio (quarterly & annually)

How has SHLS Current Ratio performed in the past?

The mean historical Current Ratio of Shoals Technologies Group, Inc. over the last ten years is 2.64. The current 2.26 Current Ratio has changed 8.47% with respect to the historical average. Over the past ten years (40 quarters), SHLS's Current Ratio was at its highest in in the March 2022 quarter at 3.56. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

2.64

Median

2.69

Minimum

1.90

Maximum

3.29

Shoals Technologies Group, Inc. (SHLS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Shoals Technologies Group, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 27.12%

Maximum Annual Current Ratio = 3.29

Minimum Annual Increase = -42.44%

Minimum Annual Current Ratio = 1.90

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.45-15.94%
20222.92-1.48%
20212.9627.12%
20202.3322.92%
20191.90-42.44%

Shoals Technologies Group, Inc. (SHLS) Average Current Ratio

How has SHLS Current Ratio performed in the past?

The current Current Ratio of Shoals Technologies Group, Inc. (SHLS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.78

5-year avg

2.51

10-year avg

2.64

Shoals Technologies Group, Inc. (SHLS) Current Ratio vs. Peers

How is SHLS’s Current Ratio compared to its peers?

Shoals Technologies Group, Inc.’s Current Ratio is less than Array Technologies, Inc. (2.51), greater than Sunnova Energy International Inc. (0.97), greater than Fluence Energy, Inc. (1.34), greater than Qualtrics International Inc. (1.20), less than Playtika Holding Corp. (3.03),

Build a custom stock screener for Shoals Technologies Group, Inc. (SHLS) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Shoals Technologies Group, Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Shoals Technologies Group, Inc. (SHLS) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Shoals Technologies Group, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Shoals Technologies Group, Inc.'s Current Ratio?

How is the Current Ratio calculated for Shoals Technologies Group, Inc. (SHLS)?

What is the highest Current Ratio for Shoals Technologies Group, Inc. (SHLS)?

What is the 3-year average Current Ratio for Shoals Technologies Group, Inc. (SHLS)?

What is the 5-year average Current Ratio for Shoals Technologies Group, Inc. (SHLS)?

How does the current Current Ratio for Shoals Technologies Group, Inc. (SHLS) compare to its historical average?