Shoals Technologies Group Inc (SHLS) — 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. See Shoals Technologies Group Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shoals Technologies Group Inc Working Capital to Net Assets (2018–2024)
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 Shoals Technologies Group Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shoals Technologies Group Inc (2018–2024)
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 live market cap and the full company profile, see SHLS stock market capitalisation.
| 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 | — |