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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 to Equity (2016 - 2025)

First Solar (FSLR) has disclosed Debt to Equity for 17 consecutive years, with $0.05 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 31.61% year-over-year to $0.05, compared with a TTM value of $0.05 through Dec 2025, down 31.61%, and an annual FY2025 reading of $0.05, down 31.61% over the prior year.
  • Debt to Equity was $0.05 for Q4 2025 at First Solar, up from $0.03 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.09 in Q1 2024 and bottomed at $0.0 in Q3 2021.
  • Average Debt to Equity over 5 years is $0.04, with a median of $0.05 recorded in 2025.
  • The sharpest move saw Debt to Equity crashed 99.39% in 2021, then soared 7650.54% in 2024.
  • Year by year, Debt to Equity stood at $0.04 in 2021, then fell by 21.42% to $0.03 in 2022, then surged by 165.24% to $0.08 in 2023, then fell by 8.77% to $0.08 in 2024, then crashed by 31.61% to $0.05 in 2025.
  • Business Quant data shows Debt to Equity for FSLR at $0.05 in Q4 2025, $0.03 in Q3 2025, and $0.07 in Q2 2025.