Shoals Technologies Group, Inc. financial data

Symbol
SHLS on Nasdaq
Industry
Semiconductors & Related Devices
Location
1400 Shoals Way, Portland, Tennessee
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 255 % -8.56%
Quick Ratio 72.4 % -39.9%
Debt-to-equity 57.3 % -88.9%
Return On Equity 5.66 % -91.5%
Return On Assets 3.66 % -84%
Operating Margin 13.6 % -40%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 3.8B USD +153%
Weighted Average Number of Shares Outstanding, Basic 170M shares +16.3%
Weighted Average Number of Shares Outstanding, Diluted 171M shares +15.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 475M USD +30.4%
Cost of Revenue 318M USD +50.9%
General and Administrative Expense 83.5M USD +34.7%
Operating Income (Loss) 64.5M USD -21.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 54.9M USD -63.9%
Income Tax Expense (Benefit) 11.6M USD +9.59%
Net Income (Loss) Attributable to Parent 30.5M USD -78.1%
Earnings Per Share, Basic 0.17 USD/shares -85.7%
Earnings Per Share, Diluted 0.17 USD/shares -81.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 15.2M USD +136%
Accounts Receivable, after Allowance for Credit Loss, Current 103M USD +37.1%
Inventory, Net 59.6M USD -19.2%
Other Assets, Current 6.87M USD -15.1%
Assets, Current 208M USD +13.7%
Deferred Income Tax Assets, Net 466M USD -2.22%
Property, Plant and Equipment, Net 26.2M USD +42.6%
Operating Lease, Right-of-Use Asset 2.87M USD -29.3%
Goodwill 69.9M USD 0%
Other Assets, Noncurrent 8.2M USD +35.1%
Assets 825M USD +2.07%
Accounts Payable, Current 15.7M USD -28.3%
Employee-related Liabilities, Current 3.58M USD +28.4%
Accrued Liabilities, Current 14.8M USD +73%
Contract with Customer, Liability, Current 21.8M USD -6.89%
Liabilities, Current 79.6M USD +22.9%
Operating Lease, Liability, Noncurrent 2.12M USD -35%
Other Liabilities, Noncurrent 2.87M USD -26.8%
Liabilities 271M USD -10.3%
Retained Earnings (Accumulated Deficit) 79.2M USD +62.4%
Stockholders' Equity Attributable to Parent 545M USD +87%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 554M USD +9.46%
Liabilities and Equity 825M USD +2.07%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 12.9M USD +29.7%
Net Cash Provided by (Used in) Financing Activities -17.8M USD -74.7%
Net Cash Provided by (Used in) Investing Activities -2.48M USD -24%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -7.47M USD -224%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 15.2M USD +136%
Interest Paid, Excluding Capitalized Interest, Operating Activities 7.3M USD +40.5%
Deferred Tax Assets, Valuation Allowance 988K USD
Deferred Tax Assets, Gross 481M USD +64.8%
Operating Lease, Liability 3.26M USD -26.3%
Depreciation 3.2M USD +60%
Payments to Acquire Property, Plant, and Equipment 2.48M USD +24%
Lessee, Operating Lease, Liability, to be Paid 3.49M USD -27.7%
Property, Plant and Equipment, Gross 36.8M USD +41%
Operating Lease, Liability, Current 1.14M USD -1.89%
Lessee, Operating Lease, Liability, to be Paid, Year Two 958K USD -24%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.26M USD -5.68%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 2.5M USD -16.8%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 238K USD -42.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 950K USD -0.84%
Deferred Tax Assets, Operating Loss Carryforwards 5.38M USD +16.3%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 10.1M USD -25.6%
Current Income Tax Expense (Benefit) 915K USD +65.2%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 604K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 325K USD -65.8%
Operating Lease, Payments 1.57M USD +20.9%
Additional Paid in Capital 475M USD +3.82%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 915K USD +65.2%
Current Federal Tax Expense (Benefit) 0 USD
Operating Leases, Future Minimum Payments, Due in Two Years 200K USD
Amortization of Intangible Assets 7.8M USD -7.14%
Depreciation, Depletion and Amortization 3M USD +19.7%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 499K USD
Deferred Tax Assets, Net of Valuation Allowance 480M USD +64.5%
Share-based Payment Arrangement, Expense 18.4M USD -7.07%
Operating Leases, Future Minimum Payments, Due in Three Years 58K USD
Operating Leases, Future Minimum Payments Due 1.25M USD
Deferred State and Local Income Tax Expense (Benefit) 1.19M USD
Interest Expense 22.5M USD +8.54%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%