Shoals Technologies Group Stock Current Ratio
| SHLS Stock | USD 4.40 0.01 0.23% |
Shoals Technologies Group fundamentals help investors to digest information that contributes to Shoals Technologies' financial success or failures. It also enables traders to predict the movement of Shoals Stock. The fundamental analysis module provides a way to measure Shoals Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shoals Technologies stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.45 | 2.90 |
Shoals | Current Ratio |
Shoals Technologies Group Company Current Ratio Analysis
Shoals Technologies' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Shoals Technologies Current Ratio | 2.60 X |
Most of Shoals Technologies' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Shoals Technologies Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Shoals Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Shoals Technologies is extremely important. It helps to project a fair market value of Shoals Stock properly, considering its historical fundamentals such as Current Ratio. Since Shoals Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Shoals Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Shoals Technologies' interrelated accounts and indicators.
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Shoals Current Ratio Historical Pattern
Today, most investors in Shoals Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Shoals Technologies' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Shoals Technologies current ratio as a starting point in their analysis.
Shoals Technologies Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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Shoals Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Shoals Technologies Group has a Current Ratio of 2.6 times. This is 8.13% lower than that of the Electrical Equipment sector and 54.31% lower than that of the Industrials industry. The current ratio for all United States stocks is 20.37% lower than that of the firm.
Shoals Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shoals Technologies' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shoals Technologies could also be used in its relative valuation, which is a method of valuing Shoals Technologies by comparing valuation metrics of similar companies.Shoals Technologies is currently under evaluation in current ratio category among its peers.
Shoals Technologies ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Shoals Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Shoals Technologies' managers, analysts, and investors.Environmental | Governance | Social |
Shoals Fundamentals
| Return On Equity | 0.0615 | ||||
| Return On Asset | 0.0507 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 864.12 M | ||||
| Shares Outstanding | 166.7 M | ||||
| Shares Owned By Insiders | 3.06 % | ||||
| Shares Owned By Institutions | 96.94 % | ||||
| Number Of Shares Shorted | 19.39 M | ||||
| Price To Earning | 264.09 X | ||||
| Price To Book | 1.35 X | ||||
| Price To Sales | 1.74 X | ||||
| Revenue | 488.94 M | ||||
| Gross Profit | 131.31 M | ||||
| EBITDA | 89.56 M | ||||
| Net Income | 39.97 M | ||||
| Cash And Equivalents | 11.2 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 184.7 M | ||||
| Current Ratio | 2.60 X | ||||
| Book Value Per Share | 3.27 X | ||||
| Cash Flow From Operations | 91.95 M | ||||
| Short Ratio | 4.86 X | ||||
| Earnings Per Share | 0.20 X | ||||
| Price To Earnings To Growth | 0.52 X | ||||
| Target Price | 7.77 | ||||
| Number Of Employees | 1.31 K | ||||
| Beta | 1.73 | ||||
| Market Capitalization | 733.48 M | ||||
| Total Asset | 843.99 M | ||||
| Retained Earnings | 74.45 M | ||||
| Working Capital | 134.56 M | ||||
| Net Asset | 843.99 M |
About Shoals Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shoals Technologies Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shoals Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shoals Technologies Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Shoals Stock Analysis
When running Shoals Technologies' price analysis, check to measure Shoals Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to predict the probability of Shoals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoals Technologies' price. Additionally, you may evaluate how the addition of Shoals Technologies to your portfolios can decrease your overall portfolio volatility.