Shoals Technologies Group, Inc. financial data

Symbol
SHLS on Nasdaq
Industry
Semiconductors & Related Devices
Location
1400 Shoals Way, Portland, TN
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 247 % -9.14%
Quick Ratio 69.7 % -37.7%
Debt-to-equity 57.3 % -88.9%
Return On Equity 4.3 % -90.5%
Return On Assets 2.83 % -87.3%
Operating Margin 11.3 % -54.1%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 3.8B USD +153%
Weighted Average Number of Shares Outstanding, Basic 170M shares +0.06%
Weighted Average Number of Shares Outstanding, Diluted 170M shares -0.08%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 455M USD +11%
Cost of Revenue 309M USD +31.6%
General and Administrative Expense 86M USD +31.4%
Operating Income (Loss) 51.5M USD -49.1%
Income Tax Expense (Benefit) 9.11M USD -40.4%
Net Income (Loss) Attributable to Parent 23.3M USD -84.8%
Earnings Per Share, Basic 0.13 USD/shares -89.7%
Earnings Per Share, Diluted 0.13 USD/shares -87%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.19M USD -45.6%
Accounts Receivable, after Allowance for Credit Loss, Current 92.3M USD -4.98%
Inventory, Net 60M USD -12.2%
Other Assets, Current 4.78M USD -33.4%
Assets, Current 177M USD -11.4%
Deferred Income Tax Assets, Net 462M USD -1.84%
Property, Plant and Equipment, Net 26.9M USD +33.3%
Operating Lease, Right-of-Use Asset 2.87M USD -29.3%
Goodwill 69.9M USD 0%
Other Assets, Noncurrent 7.76M USD +36.2%
Assets 788M USD -3.71%
Accounts Payable, Current 16.2M USD -0.32%
Employee-related Liabilities, Current 3.79M USD -23.7%
Accrued Liabilities, Current 14.8M USD +73%
Contract with Customer, Liability, Current 21.2M USD -32.1%
Liabilities, Current 78.3M USD +1.39%
Operating Lease, Liability, Noncurrent 2.12M USD -35%
Other Liabilities, Noncurrent 2.66M USD -26.6%
Liabilities 244M USD -15.7%
Retained Earnings (Accumulated Deficit) 91M USD +34.5%
Stockholders' Equity Attributable to Parent 545M USD +87%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 545M USD +2.87%
Liabilities and Equity 788M USD -3.71%

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 3.19M USD -45.6%
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 3.9M USD +85.7%
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 38.4M USD +34.9%
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
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 288K USD
Additional Paid in Capital 469M USD +1.53%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 200K USD
Amortization of Intangible Assets 7.7M USD -6.1%
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 18.1M USD -9.95%
Operating Leases, Future Minimum Payments, Due in Three Years 58K USD
Operating Leases, Future Minimum Payments Due 1.25M USD
Interest Expense 22.5M USD +8.54%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%