Shoals Current Deferred Revenue vs Long Term Debt Analysis

SHLS Stock

USD 4.63 0.04 0.86%

Shoals Technologies financial indicator trend analysis is much more than just breaking down Shoals Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shoals Technologies is a good investment. Please check the relationship between Shoals Technologies Current Deferred Revenue and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Current Deferred Revenue vs Long Term Debt

Current Deferred Revenue vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shoals Technologies Current Deferred Revenue account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shoals Technologies' Current Deferred Revenue and Long Term Debt is 0.6. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shoals Technologies Group, assuming nothing else is changed. The correlation between historical values of Shoals Technologies' Current Deferred Revenue and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Shoals Technologies Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Current Deferred Revenue i.e., Shoals Technologies' Current Deferred Revenue and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Long Term Debt

Long-term debt is a debt that Shoals Technologies has held for over one year. Long-term debt appears on Shoals Technologies Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Shoals Technologies Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Shoals Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shoals Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Shoals Technologies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 4.7 B in 2025, whereas Tax Provision is likely to drop slightly above 4.2 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	18.5M	24.1M	27.7M	29.1M
Depreciation And Amortization	10.5M	10.5M	12.1M	10.8M

Interest Expense Depreciation And Amortization

Shoals Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Net Working Capital
Total Assets		0.57	0.98	0.99	0.88	0.69	0.88	0.53	0.66	0.94	1.0	0.53	0.94	0.98	0.9	-0.53	0.57	0.83	0.81	0.87	0.67	0.97	0.89	-0.33	1.0	1.0
Short Long Term Debt Total	0.57		0.51	0.57	0.12	-0.13	0.56	1.0	0.82	0.63	0.56	0.9	0.63	0.5	0.64	-0.53	0.96	0.67	0.58	0.09	0.96	0.72	0.6	-0.36	0.58	0.59
Other Current Liab	0.98	0.51		0.99	0.89	0.66	0.88	0.47	0.63	0.97	0.98	0.52	0.97	1.0	0.82	-0.48	0.5	0.72	0.7	0.87	0.61	0.95	0.86	-0.29	0.98	0.97
Total Current Liabilities	0.99	0.57	0.99		0.87	0.66	0.88	0.53	0.67	0.98	0.99	0.57	0.98	0.99	0.86	-0.49	0.55	0.79	0.75	0.85	0.66	0.97	0.88	-0.24	1.0	0.99
Total Stockholder Equity	0.88	0.12	0.89	0.87		0.92	0.74	0.07	0.28	0.79	0.88	0.19	0.79	0.9	0.69	-0.24	0.11	0.62	0.6	0.99	0.24	0.77	0.73	-0.19	0.87	0.87
Net Tangible Assets	0.69	-0.13	0.66	0.66	0.92		0.55	-0.17	0.0	0.53	0.69	-0.03	0.53	0.69	0.55	-0.02	-0.14	0.56	0.52	0.92	-0.01	0.54	0.56	-0.1	0.68	0.69
Property Plant And Equipment Net	0.88	0.56	0.88	0.88	0.74	0.55		0.51	0.69	0.86	0.87	0.56	0.86	0.87	0.9	-0.33	0.55	0.83	0.82	0.73	0.68	0.87	0.99	-0.34	0.88	0.88
Net Debt	0.53	1.0	0.47	0.53	0.07	-0.17	0.51		0.81	0.59	0.52	0.89	0.59	0.46	0.61	-0.53	0.96	0.64	0.55	0.05	0.95	0.69	0.56	-0.37	0.54	0.55
Accounts Payable	0.66	0.82	0.63	0.67	0.28	0.0	0.69	0.81		0.72	0.66	0.58	0.72	0.62	0.77	-0.77	0.9	0.64	0.73	0.31	0.93	0.71	0.72	-0.15	0.66	0.65
Cash	0.94	0.63	0.97	0.98	0.79	0.53	0.86	0.59	0.72		0.94	0.64	1.0	0.96	0.8	-0.47	0.59	0.72	0.66	0.76	0.69	0.96	0.84	-0.15	0.96	0.94
Non Current Assets Total	1.0	0.56	0.98	0.99	0.88	0.69	0.87	0.52	0.66	0.94		0.52	0.94	0.98	0.9	-0.54	0.57	0.83	0.82	0.88	0.67	0.96	0.89	-0.34	1.0	1.0
Long Term Debt	0.53	0.9	0.52	0.57	0.19	-0.03	0.56	0.89	0.58	0.64	0.52		0.64	0.5	0.51	-0.17	0.75	0.62	0.39	0.12	0.77	0.72	0.56	-0.32	0.57	0.56
Cash And Short Term Investments	0.94	0.63	0.97	0.98	0.79	0.53	0.86	0.59	0.72	1.0	0.94	0.64		0.96	0.8	-0.47	0.59	0.72	0.66	0.76	0.69	0.96	0.84	-0.15	0.96	0.94
Net Receivables	0.98	0.5	1.0	0.99	0.9	0.69	0.87	0.46	0.62	0.96	0.98	0.5	0.96		0.83	-0.47	0.48	0.73	0.71	0.89	0.6	0.95	0.86	-0.28	0.99	0.98
Good Will	0.9	0.64	0.82	0.86	0.69	0.55	0.9	0.61	0.77	0.8	0.9	0.51	0.8	0.83		-0.57	0.69	0.94	0.97	0.72	0.79	0.87	0.95	-0.4	0.89	0.9
Common Stock Shares Outstanding	-0.53	-0.53	-0.48	-0.49	-0.24	-0.02	-0.33	-0.53	-0.77	-0.47	-0.54	-0.17	-0.47	-0.47	-0.57		-0.7	-0.37	-0.58	-0.31	-0.67	-0.49	-0.39	0.22	-0.5	-0.51
Non Current Liabilities Total	0.57	0.96	0.5	0.55	0.11	-0.14	0.55	0.96	0.9	0.59	0.57	0.75	0.59	0.48	0.69	-0.7		0.67	0.67	0.11	0.99	0.68	0.61	-0.39	0.57	0.58
Inventory	0.83	0.67	0.72	0.79	0.62	0.56	0.83	0.64	0.64	0.72	0.83	0.62	0.72	0.73	0.94	-0.37	0.67		0.93	0.63	0.76	0.84	0.9	-0.41	0.82	0.85
Other Current Assets	0.81	0.58	0.7	0.75	0.6	0.52	0.82	0.55	0.73	0.66	0.82	0.39	0.66	0.71	0.97	-0.58	0.67	0.93		0.65	0.75	0.75	0.89	-0.42	0.79	0.81
Other Stockholder Equity	0.87	0.09	0.87	0.85	0.99	0.92	0.73	0.05	0.31	0.76	0.88	0.12	0.76	0.89	0.72	-0.31	0.11	0.63	0.65		0.25	0.74	0.73	-0.19	0.86	0.86
Total Liab	0.67	0.96	0.61	0.66	0.24	-0.01	0.68	0.95	0.93	0.69	0.67	0.77	0.69	0.6	0.79	-0.67	0.99	0.76	0.75	0.25		0.77	0.74	-0.4	0.68	0.68
Net Invested Capital	0.97	0.72	0.95	0.97	0.77	0.54	0.87	0.69	0.71	0.96	0.96	0.72	0.96	0.95	0.87	-0.49	0.68	0.84	0.75	0.74	0.77		0.88	-0.35	0.98	0.98
Property Plant And Equipment Gross	0.89	0.6	0.86	0.88	0.73	0.56	0.99	0.56	0.72	0.84	0.89	0.56	0.84	0.86	0.95	-0.39	0.61	0.9	0.89	0.73	0.74	0.88		-0.38	0.89	0.89
Short Long Term Debt	-0.33	-0.36	-0.29	-0.24	-0.19	-0.1	-0.34	-0.37	-0.15	-0.15	-0.34	-0.32	-0.15	-0.28	-0.4	0.22	-0.39	-0.41	-0.42	-0.19	-0.4	-0.35	-0.38		-0.3	-0.35
Total Current Assets	1.0	0.58	0.98	1.0	0.87	0.68	0.88	0.54	0.66	0.96	1.0	0.57	0.96	0.99	0.89	-0.5	0.57	0.82	0.79	0.86	0.68	0.98	0.89	-0.3		1.0
Net Working Capital	1.0	0.59	0.97	0.99	0.87	0.69	0.88	0.55	0.65	0.94	1.0	0.56	0.94	0.98	0.9	-0.51	0.58	0.85	0.81	0.86	0.68	0.98	0.89	-0.35	1.0

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Shoals Technologies Account Relationship Matchups

Shoals Technologies fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	195.3M	426.4M	594.9M	844.0M	970.6M	1.0B
Short Long Term Debt Total	358.8M	247.1M	239.1M	184.7M	212.4M	200.8M
Other Current Liab	6.0M	9.6M	16.7M	52.9M	60.8M	63.8M
Total Current Liabilities	24.1M	31.6M	52.6M	92.6M	106.5M	111.9M
Total Stockholder Equity	(184.1M)	2.6M	291.4M	545.0M	626.7M	658.1M
Net Tangible Assets	19.8M	(306.3M)	(132.1M)	164.8M	189.6M	199.1M
Property Plant And Equipment Net	12.8M	15.6M	16.9M	27.7M	31.9M	17.3M
Net Debt	348.8M	242.0M	230.3M	162.0M	186.3M	190.9M
Accounts Payable	14.6M	20.0M	9.5M	14.4M	16.6M	13.8M
Cash	10.1M	5.0M	8.8M	22.7M	26.1M	27.4M
Non Current Assets Total	139.2M	333.0M	441.4M	616.8M	709.3M	744.8M
Long Term Debt	355.3M	55.1M	237.1M	179.4M	206.4M	160.6M
Cash And Short Term Investments	10.1M	5.0M	8.8M	22.7M	26.1M	27.4M
Net Receivables	30.8M	45.0M	67.3M	147.3M	169.3M	177.8M
Common Stock Shares Outstanding	160.3M	112.0M	167.6M	164.5M	148.1M	125.0M
Liabilities And Stockholders Equity	195.3M	426.4M	594.9M	844.0M	970.6M	1.0B
Non Current Liabilities Total	355.3M	402.4M	241.3M	206.4M	237.3M	230.0M
Inventory	15.1M	38.4M	72.9M	52.8M	60.7M	36.3M
Other Current Assets	155K	5.0M	4.6M	4.4M	5.1M	2.9M
Other Stockholder Equity	(184.1M)	95.7M	256.9M	470.5M	541.1M	568.2M
Total Liab	379.4M	433.9M	293.9M	299.0M	343.8M	273.4M
Net Invested Capital	358.8M	249.6M	530.4M	726.4M	835.4M	877.2M
Property Plant And Equipment Gross	12.8M	21.2M	24.2M	34.4M	39.6M	20.9M
Total Current Assets	56.1M	93.4M	153.5M	227.2M	261.3M	274.3M
Net Working Capital	32.0M	61.9M	100.9M	134.6M	154.7M	162.5M
Intangible Assets	72.0M	65.2M	56.6M	48.7M	43.8M	54.7M
Property Plant Equipment	10.9M	12.8M	15.6M	20.9M	24.1M	15.5M
Non Currrent Assets Other	4.2M	1.2M	6.3M	2.3M	2.6M	2.8M

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