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% YoY from 0.04 in Q2 2025, and down 91.19% on a QoQ basis from 0.03 in Q1 2026.
First Solar (FSLR) Debt Ratio (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 16 years of Debt Ratio data on file, last reported at 0.0 in Q2 2026.
- Quarterly Debt Ratio fell 93.75% year-over-year to 0.0 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.0 (down 93.75% YoY) and the FY2025 annual result came in at 0.04, down 25.58% from the prior year.
- Debt Ratio fell to 0.0 in Q2 2026, from 0.03 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 Q2 2023.
- A 5-year average of 0.04 and a median of 0.04 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2024 — Debt Ratio surged 5987.28% — and 2026, when it tumbled 93.75%.
- Tracing FSLR's Debt Ratio over 5 years: stood at 0.02 in 2022, then surged by 141.95% to 0.05 in 2023, then declined by 6.96% to 0.05 in 2024, then declined by 25.58% to 0.04 in 2025, then slumped by 92.49% to 0.0 in 2026.
- The last three Debt Ratio figures came in at 0.0 (Q2 2026), 0.03 (Q1 2026), and 0.04 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.00 |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 0.20 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 0.62 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.19 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 0.55 |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 0.15 |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 0.44 |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 0.01 |
Historic Data
Download 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 | 0.00 |
| Dec 31, 2022 | 0.02 |
| Dec 31, 2019 | 0.06 |
| Dec 31, 2018 | 0.07 |
| Sep 30, 2018 | 0.07 |
| Jun 30, 2018 | 0.07 |
| Mar 31, 2018 | 0.07 |
| Dec 31, 2017 | 0.06 |