Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc.verified

SHLS

Price:

$5.33

Market Cap:

$888.51M

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 December 2024 (TTM) for Shoals Technologies Group, Inc. (SHLS) is 2.08

According to Shoals Technologies Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.08. This represents a change of -11.79% compared to the average of 2.35 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 2.08 Current Ratio has changed 7.76% 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. (2.41), greater than Sunnova Energy International Inc. (0.86), greater than Fluence Energy, Inc. (1.33), greater than Qualtrics International Inc. (1.20), less than Playtika Holding Corp. (3.25),

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