Shoals Technologies Group Inc Working Capital to Net Assets Ratio
Shoals Technologies Group Inc working capital to net assets ratio. Shoals Technologies Group Inc (SHLS) has a Working Capital to Net Assets ratio of 18.5% as of September 2025. Working capital of $109.32 Million (current assets of $201.19 Million minus current liabilities of $91.88 Million) is measured against net assets of $589.64 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Shoals Technologies Group Inc (2018–2024)
Working capital to net assets ratio of Shoals Technologies Group Inc from 2018 to 2024. This chart shows how Shoals Technologies Group Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 18.5%, reflecting working capital of $109.32 Million against net assets of $589.64 Million USD. See SHLS cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Shoals Technologies Group Inc Working Capital to Net Assets Ratio by Year (2018–2024)
Shoals Technologies Group Inc working capital to net assets ratio by year from 2018 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Shoals Technologies Group Inc from 2018 to 2024, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see SHLS total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 19.3% | $107.44 Million | $556.80 Million | $188.35 Million | $80.91 Million | ▼ -5.4 pp |
| 2023 | 24.7% | $134.56 Million | $545.00 Million | $227.19 Million | $92.63 Million | ▼ -8.8 pp |
| 2022 | 33.5% | $100.92 Million | $300.99 Million | $153.54 Million | $52.62 Million | ▲ +859.0 pp |
| 2021 | -825.5% | $61.89 Million | $-7.50 Million | $93.45 Million | $31.55 Million | ▼ -808.1 pp |
| 2020 | -17.4% | $32.05 Million | $-184.12 Million | $56.15 Million | $24.10 Million | ▼ -32.1 pp |
| 2019 | 14.7% | $21.97 Million | $149.91 Million | $46.51 Million | $24.54 Million | ▼ -4.0 pp |
| 2018 | 18.6% | $25.76 Million | $138.28 Million | $36.99 Million | $11.23 Million | — |