Shoals Technologies Group Inc (SHLS) — Tangible Net Worth Ratio
Shoals Technologies Group Inc (SHLS) has a Tangible Net Worth Ratio of 94.0% as of September 2025. This metric is calculated by deducting intangible assets ($35.40 Million) from net assets ($589.64 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See SHLS net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shoals Technologies Group Inc Tangible Net Worth Ratio (2018–2024)
This chart shows how Shoals Technologies Group Inc's Tangible Net Worth Ratio has changed across 5 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 94.0%, reflecting net assets of $589.64 Million with intangible assets of $35.40 Million USD. Also explore Shoals Technologies Group Inc equity growth rate to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Shoals Technologies Group Inc (2018–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Shoals Technologies Group Inc from 2018 to 2024, covering 5 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see SHLS market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 92.6% | $556.80 Million | $41.08 Million | $793.08 Million | ▲ +1.6 pp |
| 2023 | 91.1% | $545.00 Million | $48.67 Million | $843.99 Million | ▲ +9.9 pp |
| 2022 | 81.2% | $300.99 Million | $56.59 Million | $594.89 Million | ▲ +34.5 pp |
| 2019 | 46.7% | $149.91 Million | $79.97 Million | $187.61 Million | ▲ +10.3 pp |
| 2018 | 36.4% | $138.28 Million | $87.96 Million | $185.53 Million | — |