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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Solar (FSLR) Debt Ratio (2016 - 2025)

First Solar's Debt Ratio history spans 17 years, with the latest figure at 0.04 for Q4 2025.

  • For Q4 2025, Debt Ratio fell 25.58% year-over-year to 0.04; the TTM value through Dec 2025 reached 0.04, down 25.58%, while the annual FY2025 figure was 0.04, 25.58% down from the prior year.
  • Debt Ratio reached 0.04 in Q4 2025 per FSLR's latest filing, down from 0.04 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.06 in Q1 2024 to a low of 0.0 in Q3 2021.
  • Average Debt Ratio over 5 years is 0.03, with a median of 0.04 recorded in 2025.
  • Peak YoY movement for Debt Ratio: tumbled 47.02% in 2021, then surged 7155.49% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.03 in 2021, then plummeted by 30.96% to 0.02 in 2022, then skyrocketed by 141.95% to 0.05 in 2023, then dropped by 6.96% to 0.05 in 2024, then dropped by 25.58% to 0.04 in 2025.
  • Per Business Quant, the three most recent readings for FSLR's Debt Ratio are 0.04 (Q4 2025), 0.04 (Q3 2025), and 0.04 (Q2 2025).