First Solar (FSLR) Debt to Equity (2009 - 2026)

First Solar has reported Debt to Equity for 18 years, with the latest figure at $0.04 in Q1 2026.

• For the quarter ending Q1 2026, Debt to Equity fell 32.8% year-over-year to $0.04; the trailing twelve-month figure through Mar 2026 stood at $0.04 (down 32.8% YoY), and the FY2025 full-year result was $0.05, down 31.61% from the prior year.
• Debt to Equity for Q1 2026 stood at $0.04, down from $0.05 in the prior quarter.
• The five-year high for Debt to Equity was $0.09 in Q1 2024, with the low at $0.0 in Q1 2022.
• Historically, Debt to Equity has averaged $0.05 across 5 years, with a median of $0.06 in 2025.
• Annual changes were most pronounced in 2024 — Debt to Equity surged 7650.54% — and 2026, when it tumbled 32.8%.
• First Solar's Debt to Equity stood at $0.03 in 2022, then soared by 165.24% to $0.08 in 2023, then dropped by 8.77% to $0.08 in 2024, then sank by 31.61% to $0.05 in 2025, then decreased by 17.55% to $0.04 in 2026.
• The last three Debt to Equity figures came in at $0.04 (Q1 2026), $0.05 (Q4 2025), and $0.06 (Q3 2025), per Business Quant data.