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
We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Dec 02
Is First Solar (NASDAQ:FSLR) A Risky Investment?
Aug 21We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Mar 18Recent updates
First Solar Could Be Well Poised As A Future Leader In Renewable Energy
Dec 20First Solar: Quick Gains Likely Behind Us - Slow & Steady Ahead
Dec 07We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Dec 02First Solar: Dominant Market Position
Nov 19Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today
Nov 18The Return Trends At First Solar (NASDAQ:FSLR) Look Promising
Nov 05First Solar Q3: Set Your Sights On 2025 And 2026
Nov 04First Solar Q3 Preview: Robust Growth And Strategic Expansions
Oct 26When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Oct 24First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)
Oct 07Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now
Sep 24Growing Revenue, Improving Margins Combine For A Boom Time For First Solar
Sep 16First Solar: Growth Outlook Continues To Shine
Sep 05Is First Solar (NASDAQ:FSLR) A Risky Investment?
Aug 21Bayesian Bets: First Solar And The Market's Mispricing Of Political Risk
Aug 12First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)
Aug 06When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Jul 21First Solar: Potential Reward Outweighs Risks
Jul 15First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger
Jun 26First Solar: Subsidies Require Discounted Valuation
Jun 19Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%
Jun 14First Solar: Major Winner In AI Boom
May 30Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching
May 22First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum
May 21First Solar: The Market Finally Realized Its Pessimistic Folly
May 14First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem
May 08Getting 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 04Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
First Solar, Inc. is covered by 88 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anders Rosenlund | ABG Sundal Collier |
| Adam Krop | Ardour Capital Investments, LLC |
| James Fontanelli | Arete Research Services LLP |