First Solar, Inc.

NasdaqGS:FSLR Stock Report

Market Cap: US$23.7b

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

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

Is First Solar (NASDAQ:FSLR) Using Too Much Debt?

Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?

Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?

Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?

Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?

Recent updates

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

First Solar: Potential Reward Outweighs Risks

First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger

First Solar: Subsidies Require Discounted Valuation

Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%

First Solar: Major Winner In AI Boom

Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching

First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum

First Solar: The Market Finally Realized Its Pessimistic Folly

First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem

Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely

First Solar: Still My Top Risk-Adjusted Pick In Green Energy

First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

First Solar: An Attractive Risk-Premium Ratio

First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024

Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results

Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?

First Solar: The Risk/Reward Looks Sunny

First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital

First Solar: The Inflation Reduction Act Is Critical For The Company

First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings

Should You Investigate First Solar, Inc. (NASDAQ:FSLR) At US$155?

Is First Solar (NASDAQ:FSLR) Using Too Much Debt?

Investors Could Be Concerned With First Solar's (NASDAQ:FSLR) Returns On Capital

Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

Is There An Opportunity With First Solar, Inc.'s (NASDAQ:FSLR) 43% Undervaluation?

Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?

First Solar: Mr. Market Overcompensates - Don't Be Trapped By The Rally

First Solar: Stock Has Doubled, Best Point To Buy?

First Solar: Prepare For A Solar Boom Like Never Before

Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: FSLR's short term assets ($4.2B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: FSLR's short term assets ($4.2B) 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 11.4% to 9% over the past 5 years.

Debt Coverage: FSLR's debt is well covered by operating cash flow (146%).

Interest Coverage: FSLR earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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