Shoals Technologies Group (Shoals Technologies Group) Interest Expense : $-22.5 Mil (TTM As of Mar. 2024)

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What is Shoals Technologies Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shoals Technologies Group's interest expense for the three months ended in Mar. 2024 was $ -4.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Shoals Technologies Group's Operating Income for the three months ended in Mar. 2024 was $ 11.6 Mil. Shoals Technologies Group's Interest Expense for the three months ended in Mar. 2024 was $ -4.4 Mil. Shoals Technologies Group's Interest Coverage for the quarter that ended in Mar. 2024 was 2.66. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shoals Technologies Group Interest Expense Historical Data

The historical data trend for Shoals Technologies Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shoals Technologies Group Interest Expense Chart

Shoals Technologies Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.79

-3.51

-14.55

-18.54

-24.10

Shoals Technologies Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.00	-6.51	-5.90	-5.70	-4.36

Shoals Technologies Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.5 Mil.

Shoals Technologies Group (NAS:SHLS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shoals Technologies Group's Interest Expense for the three months ended in Mar. 2024 was $-4.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $11.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $168.8 Mil.

Shoals Technologies Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11.584	/	-4.362
	=	2.66

The higher the ratio, the stronger the company's financial strength is.

Shoals Technologies Group (Shoals Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shoals Technologies Group Inc (NAS:SHLS) » Definitions » Interest Expense

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Traded in Other Exchanges

SHLS:Mexico

Address

1400 Shoals Way, Portland, TN, USA, 37148

Website

https://www.shoals.com

Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement and construction firms that build solar energy projects. In 2022 the company entered the electric vehicle charging market.

Executives

Jeffery Tolnar	officer: President	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Mehgan Peetz	officer: General Counsel	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Brandon Moss	officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jason R Whitaker	director, officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dean Solon	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jeannette M Mills	director	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Robert K. Julian	director	C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Philip A Garton	officer: Chief Financial Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
White John Joseph Jr	officer: Chief Operating Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Lori S Sundberg	director	400 NORTH FIFTH STREET, PHOENIX AZ 85004
Ty P. Daul	director	77 RIO ROBLES, SAN JOSE CA 95134
Toni Volpe	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Solon Holdco Iii, Llc	10 percent owner	1400 SHOALS WAY, PORTLAND TN 37148