First Solar Balance Sheet Health
Financial Health criteria checks 6/6
First Solar has a total shareholder equity of $6.7B and total debt of $560.3M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are $10.4B and $3.7B respectively. First Solar's EBIT is $886.0M making its interest coverage ratio -10.5. It has cash and short-term investments of $2.1B.
Key information
8.4%
Debt to equity ratio
US$560.31m
Debt
Interest coverage ratio | -10.5x |
Cash | US$2.10b |
Equity | US$6.69b |
Total liabilities | US$3.68b |
Total assets | US$10.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSLR34's short term assets ($4.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: FSLR34's short term assets ($4.6B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: FSLR34 has more cash than its total debt.
Reducing Debt: FSLR34's debt to equity ratio has reduced from 9.1% to 8.4% over the past 5 years.
Debt Coverage: FSLR34's debt is well covered by operating cash flow (107.5%).
Interest Coverage: FSLR34 earns more interest than it pays, so coverage of interest payments is not a concern.