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
We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Mar 18
Is First Solar (NASDAQ:FSLR) Using Too Much Debt?
Nov 02Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?
Jul 14Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Apr 15Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?
Nov 25Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Aug 22Recent updates
Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely
Apr 17First Solar: Still My Top Risk-Adjusted Pick In Green Energy
Apr 11First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds
Apr 03Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?
Apr 02We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Mar 18First Solar: An Attractive Risk-Premium Ratio
Mar 07First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024
Feb 29Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results
Feb 29Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?
Feb 21First Solar: The Risk/Reward Looks Sunny
Feb 05First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital
Feb 04First Solar: The Inflation Reduction Act Is Critical For The Company
Jan 23First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings
Jan 04Should You Investigate First Solar, Inc. (NASDAQ:FSLR) At US$155?
Nov 17Is First Solar (NASDAQ:FSLR) Using Too Much Debt?
Nov 02Investors Could Be Concerned With First Solar's (NASDAQ:FSLR) Returns On Capital
Sep 26Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?
Jul 14Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?
May 05Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Apr 15When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Mar 28Is There An Opportunity With First Solar, Inc.'s (NASDAQ:FSLR) 43% Undervaluation?
Jan 30Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?
Nov 25First Solar: Mr. Market Overcompensates - Don't Be Trapped By The Rally
Oct 12First Solar: Stock Has Doubled, Best Point To Buy?
Oct 06First Solar: Prepare For A Solar Boom Like Never Before
Sep 08Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Aug 22First Solar Stock To Be A Big Winner As The Market Realizes The Impact Of The Inflation Reduction Act
Aug 08First Solar: Climate Bill Is A Game Changer
Aug 01At US$72.59, Is First Solar, Inc. (NASDAQ:FSLR) Worth Looking At Closely?
Jul 25First Solar to supply 93 MW of First Solar Modules to Solarvest for Malaysian projects
Jul 21Do Not Buy First Solar Yet
May 20These 4 Measures Indicate That First Solar (NASDAQ:FSLR) Is Using Debt Reasonably Well
Apr 28Is Now An Opportune Moment To Examine First Solar, Inc. (NASDAQ:FSLR)?
Apr 10Financial Position Analysis
Short Term Liabilities: FSLR's short term assets ($4.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: FSLR's short term assets ($4.6B) exceed its long term liabilities ($2.4B).
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 9.1% to 8.4% over the past 5 years.
Debt Coverage: FSLR's debt is well covered by operating cash flow (107.5%).
Interest Coverage: FSLR earns more interest than it pays, so coverage of interest payments is not a concern.