Shoals Technologies Group Inc (SHLS) — Net Asset Quality Index
Shoals Technologies Group Inc (SHLS) has a Net Asset Quality Index of 69.2% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $851.79 Million minus total liabilities of $262.15 Million yields net assets of $589.64 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read Shoals Technologies Group Inc debt and liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Shoals Technologies Group Inc Net Asset Quality Index Over Time (2018–2024)
This chart shows how Shoals Technologies Group Inc's Net Asset Quality Index has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the index stands at 69.2%, representing net assets of $589.64 Million against total assets of $851.79 Million USD. For live market cap and overall valuation, see Shoals Technologies Group Inc (SHLS) market capitalisation.
Annual Net Asset Quality Index for Shoals Technologies Group Inc (2018–2024)
The table below presents the year-by-year Net Asset Quality Index for Shoals Technologies Group Inc from 2018 to 2024, covering 7 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Shoals Technologies Group Inc (SHLS) strategic asset index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 70.2% | $556.80 Million | $793.08 Million | $236.28 Million | ▲ +5.6 pp |
| 2023 | 64.6% | $545.00 Million | $843.99 Million | $299.00 Million | ▲ +14.0 pp |
| 2022 | 50.6% | $300.99 Million | $594.89 Million | $293.91 Million | ▲ +52.4 pp |
| 2021 | -1.8% | $-7.50 Million | $426.41 Million | $433.91 Million | ▲ +92.5 pp |
| 2020 | -94.3% | $-184.12 Million | $195.31 Million | $379.43 Million | ▼ -174.2 pp |
| 2019 | 79.9% | $149.91 Million | $187.61 Million | $37.70 Million | ▲ +5.4 pp |
| 2018 | 74.5% | $138.28 Million | $185.53 Million | $47.25 Million | — |