Shoals Technologies Group annual net debt
2020
2021
2022
2023
2024
2025
Shoals Technologies Group Net Debt Growth & History (SHLS)
Shoals Technologies Group's net debt was $34.6M for fiscal 2025.
View full Shoals Technologies Group company overviewShoals Technologies Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $34.6M | −$85.8M | −71.29% |
| 2024 | 2024-12-31 | $120.4M | −$41.6M | −25.70% |
| 2023 | 2023-12-31 | $162.0M | −$72.7M | −30.98% |
| 2022 | 2022-12-31 | $234.7M | −$7.3M | −3.03% |
| 2021 | 2021-12-31 | $242.0M | −$106.7M | −30.60% |
| 2020 | 2020-12-31 | $348.8M | — | — |
Shoals Technologies Group quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $21.3M | −$105.7M | −83.21% |
| Q1 2026 | 2026-03-31 | $35.9M | −$70.2M | −66.16% |
| Q4 2025 | 2025-12-31 | $34.6M | −$85.8M | −71.29% |
| Q3 2025 | 2025-09-30 | $157.7M | $27.0M | +20.67% |
| Q2 2025 | 2025-06-30 | $127.1M | −$16.5M | −11.49% |
| Q1 2025 | 2025-03-31 | $106.1M | −$47.4M | −30.86% |
| Q4 2024 | 2024-12-31 | $120.4M | −$41.6M | −25.70% |
| Q3 2024 | 2024-09-30 | $130.6M | −$50.5M | −27.88% |
| Q2 2024 | 2024-06-30 | $143.6M | −$61.2M | −29.88% |
| Q1 2024 | 2024-03-31 | $153.5M | −$75.9M | −33.07% |
| Q4 2023 | 2023-12-31 | $162.0M | −$72.7M | −30.98% |
| Q3 2023 | 2023-09-30 | $181.2M | −$89.3M | −33.01% |
| Q2 2023 | 2023-06-30 | $204.7M | −$66.8M | −24.59% |
| Q1 2023 | 2023-03-31 | $229.4M | −$55.1M | −19.36% |
| Q4 2022 | 2022-12-31 | $234.7M | −$7.3M | −3.03% |
| Q3 2022 | 2022-09-30 | $270.4M | $32.3M | +13.58% |
| Q2 2022 | 2022-06-30 | $271.5M | $43.3M | +18.99% |
| Q1 2022 | 2022-03-31 | $284.5M | $56.7M | +24.91% |
| Q4 2021 | 2021-12-31 | $242.0M | −$106.7M | −30.60% |
| Q3 2021 | 2021-09-30 | $238.1M | — | — |
| Q2 2021 | 2021-06-30 | $228.2M | — | — |
| Q1 2021 | 2021-03-31 | $227.7M | — | — |
| Q4 2020 | 2020-12-31 | $348.8M | — | — |
Shoals Technologies Group net debt trends
Over the last five fiscal years, Shoals Technologies Group's net debt decreased from $348.8M to $34.6M, a change of −$314.2M. The latest reported quarter, Q2 2026, shows $21.3M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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