Shoals Non Current Assets Total vs Net Debt Analysis

SHLS Stock  USD 4.41  0.16  3.50%   
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 Non Current Assets Total and its Net 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.

Non Current Assets Total vs Net Debt

Non Current Assets Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shoals Technologies Non Current Assets Total account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shoals Technologies' Non Current Assets Total and Net Debt is 0.5. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net 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' Non Current Assets Total and Net 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 Non Current Assets Total of Shoals Technologies Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Assets Total i.e., Shoals Technologies' Non Current Assets Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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 2024, whereas Tax Provision is likely to drop slightly above 4.2 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense14.5M18.5M24.1M25.3M
Depreciation And Amortization10.1M10.5M10.5M10.8M

Shoals Technologies fundamental ratios Correlations

0.550.820.860.680.560.970.510.590.781.00.480.780.830.98-0.30.560.910.880.680.660.860.99-0.350.891.0
0.550.480.56-0.03-0.230.571.00.820.630.530.890.630.460.59-0.510.960.650.54-0.060.960.740.61-0.330.570.57
0.820.480.980.830.610.870.450.550.950.810.460.951.00.81-0.430.470.660.630.80.560.930.83-0.250.970.81
0.860.560.980.80.60.890.530.610.970.850.530.970.990.86-0.450.540.760.70.770.630.960.88-0.180.990.86
0.68-0.030.830.80.940.66-0.070.080.670.680.030.670.850.63-0.13-0.040.520.50.990.070.650.63-0.120.80.66
0.56-0.230.610.60.940.48-0.26-0.150.440.57-0.130.440.650.50.05-0.230.490.440.94-0.130.450.49-0.050.630.56
0.970.570.870.890.660.480.530.640.850.960.520.850.870.94-0.30.570.80.780.650.670.880.98-0.310.890.96
0.511.00.450.53-0.07-0.260.530.810.60.50.890.60.430.57-0.520.960.630.52-0.090.950.710.58-0.340.540.54
0.590.820.550.610.08-0.150.640.810.670.590.530.670.540.7-0.780.910.560.670.120.920.660.67-0.090.60.57
0.780.630.950.970.670.440.850.60.670.770.621.00.940.77-0.430.580.650.570.630.660.950.81-0.060.940.78
1.00.530.810.850.680.570.960.50.590.770.460.770.820.98-0.310.560.910.890.690.660.850.99-0.370.880.99
0.480.890.460.530.03-0.130.520.890.530.620.460.620.440.44-0.120.730.570.3-0.060.750.720.52-0.290.520.53
0.780.630.950.970.670.440.850.60.671.00.770.620.940.77-0.430.580.650.570.630.660.950.81-0.060.940.78
0.830.461.00.990.850.650.870.430.540.940.820.440.940.82-0.430.450.680.650.820.540.930.84-0.230.980.82
0.980.590.810.860.630.50.940.570.70.770.980.440.770.82-0.480.660.910.950.650.740.850.99-0.370.890.97
-0.3-0.51-0.43-0.45-0.130.05-0.3-0.52-0.78-0.43-0.31-0.12-0.43-0.43-0.48-0.69-0.33-0.57-0.21-0.66-0.44-0.370.19-0.46-0.26
0.560.960.470.54-0.04-0.230.570.960.910.580.560.730.580.450.66-0.690.650.66-0.030.990.690.64-0.370.560.57
0.910.650.660.760.520.490.80.630.560.650.910.570.650.680.91-0.330.650.910.530.720.820.89-0.380.810.92
0.880.540.630.70.50.440.780.520.670.570.890.30.570.650.95-0.570.660.910.560.720.70.88-0.390.760.87
0.68-0.060.80.770.990.940.65-0.090.120.630.69-0.060.630.820.65-0.21-0.030.530.560.080.610.64-0.120.780.66
0.660.960.560.630.07-0.130.670.950.920.660.660.750.660.540.74-0.660.990.720.720.080.760.73-0.360.650.67
0.860.740.930.960.650.450.880.710.660.950.850.720.950.930.85-0.440.690.820.70.610.760.88-0.320.970.87
0.990.610.830.880.630.490.980.580.670.810.990.520.810.840.99-0.370.640.890.880.640.730.88-0.350.90.99
-0.35-0.33-0.25-0.18-0.12-0.05-0.31-0.34-0.09-0.06-0.37-0.29-0.06-0.23-0.370.19-0.37-0.38-0.39-0.12-0.36-0.32-0.35-0.27-0.38
0.890.570.970.990.80.630.890.540.60.940.880.520.940.980.89-0.460.560.810.760.780.650.970.9-0.270.89
1.00.570.810.860.660.560.960.540.570.780.990.530.780.820.97-0.260.570.920.870.660.670.870.99-0.380.89
Click cells to compare fundamentals

Shoals Technologies Account Relationship Matchups

Shoals Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets187.6M195.3M426.4M594.9M844.0M446.2M
Short Long Term Debt Total26.1M358.8M247.1M239.1M184.7M200.8M
Other Current Liab1.3M6.0M9.6M16.7M52.9M55.5M
Total Current Liabilities24.5M24.1M31.6M52.6M92.6M97.3M
Total Stockholder Equity149.9M(184.1M)2.6M291.4M545.0M572.2M
Net Tangible Assets19.8M(306.3M)(132.1M)164.8M189.6M199.1M
Property Plant And Equipment Net10.9M12.8M15.6M16.9M27.7M17.3M
Net Debt19.0M348.8M242.0M230.3M162.0M190.9M
Accounts Payable10.4M14.6M20.0M9.5M14.4M13.8M
Cash7.1M10.1M5.0M8.8M22.7M23.8M
Non Current Assets Total141.1M139.2M333.0M441.4M616.8M333.7M
Long Term Debt13.2M355.3M55.1M237.1M179.4M160.6M
Cash And Short Term Investments7.1M10.1M5.0M8.8M22.7M23.8M
Net Receivables29.8M30.8M45.0M67.3M147.3M154.6M
Liabilities And Stockholders Equity187.6M195.3M426.4M594.9M844.0M446.2M
Non Current Liabilities Total13.2M355.3M402.4M241.3M206.4M230.0M
Inventory8.8M15.1M38.4M72.9M52.8M36.3M
Other Current Assets798K155K5.0M4.6M4.4M2.9M
Other Stockholder Equity152.6M(184.1M)95.7M256.9M470.5M494.1M
Total Liab37.7M379.4M433.9M293.9M299.0M273.4M
Net Invested Capital26.1M358.8M249.6M530.4M726.4M762.8M
Property Plant And Equipment Gross10.9M12.8M21.2M24.2M34.4M20.9M
Total Current Assets46.5M56.1M93.4M153.5M227.2M238.5M
Net Working Capital22.0M32.0M61.9M100.9M134.6M69.1M
Intangible Assets80.0M72.0M65.2M56.6M48.7M54.7M
Property Plant Equipment10.9M12.8M15.6M20.9M24.1M15.5M

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