First Solar Balance Sheet Health
Financial Health criteria checks 6/6
First Solar has a total shareholder equity of $7.6B and total debt of $581.6M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $11.4B and $3.8B respectively. First Solar's EBIT is $1.3B making its interest coverage ratio -21.1. It has cash and short-term investments of $1.3B.
Key information
7.7%
Debt to equity ratio
US$581.58m
Debt
| Interest coverage ratio | -21.1x |
| Cash | US$1.27b |
| Equity | US$7.59b |
| Total liabilities | US$3.84b |
| Total assets | US$11.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSLR's short term assets ($3.8B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: FSLR's short term assets ($3.8B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: FSLR has more cash than its total debt.
Reducing Debt: FSLR's debt to equity ratio has reduced from 9.4% to 7.7% over the past 5 years.
Debt Coverage: FSLR's debt is well covered by operating cash flow (166.5%).
Interest Coverage: FSLR earns more interest than it pays, so coverage of interest payments is not a concern.