First Solar FSLR
NASDAQ FSLR
$207.17 +4.07 (+2.00%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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