First Solar (FSLR) Debt Ratio (2009 - 2026)
First Solar's (FSLR) quarterly Debt Ratio came in at 0.0 in Q2 2026, down 93.75% on a YoY basis from 0.04 in Q2 2025, and down 91.19% quarter-over-quarter from 0.03 in Q1 2026.
Analysis
First Solar (FSLR) Debt Ratio (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Debt Ratio for 18 consecutive years, with 0.0 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 93.75% year-over-year to 0.0; the trailing twelve-month figure through Jun 2026 stood at 0.0 (down 93.75% YoY), and the FY2025 full-year result was 0.04, down 25.58% from the prior year.
- Debt Ratio eased to 0.0 in Q2 2026 per FSLR's latest filing, from 0.03 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.06 in Q1 2024 and bottomed at 0.0 in Q1 2022.
- Historically, Debt Ratio has averaged 0.03 across 5 years, with a median of 0.04 in 2025.
- The sharpest annual moves came in 2024 and 2026: Debt Ratio surged 7155.49% in 2024, then plunged 93.75% in 2026.
- Over 5 years, Debt Ratio stood at 0.02 in 2022, then jumped by 141.95% to 0.05 in 2023, then retreated by 6.96% to 0.05 in 2024, then retreated by 25.58% to 0.04 in 2025, then plunged by 92.49% to 0.0 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.0, 0.03, and 0.04 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 0.20 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 0.37 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 0.40 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 0.44 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 0.31 |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.04 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.05 |
| Sep 30, 2024 | 0.05 |
| Jun 30, 2024 | 0.05 |
| Mar 31, 2024 | 0.06 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.05 |
| Jun 30, 2023 | 0.05 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.02 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.03 |
| Sep 30, 2021 | 0.00 |