First Solar Balance Sheet Health
Financial Health criteria checks 6/6
First Solar has a total shareholder equity of $6.9B and total debt of $619.6M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are $10.8B and $3.9B respectively. First Solar's EBIT is $1.1B making its interest coverage ratio -14.3. It has cash and short-term investments of $2.0B.
Key information
9.0%
Debt to equity ratio
US$619.60m
Debt
Interest coverage ratio | -14.3x |
Cash | US$1.99b |
Equity | US$6.90b |
Total liabilities | US$3.86b |
Total assets | US$10.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0R06's short term assets ($4.2B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: 0R06's short term assets ($4.2B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: 0R06 has more cash than its total debt.
Reducing Debt: 0R06's debt to equity ratio has reduced from 11.4% to 9% over the past 5 years.
Debt Coverage: 0R06's debt is well covered by operating cash flow (146%).
Interest Coverage: 0R06 earns more interest than it pays, so coverage of interest payments is not a concern.