First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)
First Solar (FSLR) reported Interest Coverage Ratio of 45.35 for Q1 2026, up 95.22% on a YoY basis from 23.23 in Q1 2025, and down 6.47% quarter-over-quarter from 48.48 in Q4 2025.
First Solar (FSLR) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
First Solar has reported Interest Coverage Ratio for 18 years, with the latest figure at 45.35 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 95.22% year-over-year to 45.35; the trailing twelve-month figure through Mar 2026 stood at 40.76 (up 16.37% YoY), and the FY2025 full-year result was 36.18, up 0.87% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 45.35, down from 48.48 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 119.09 in Q2 2023, with the low at 22.85 in Q3 2022.
- Historically, Interest Coverage Ratio has averaged 34.78 across 5 years, with a median of 38.15 in 2024.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 232.89% — and 2023, when it surged 484.1%.
- First Solar's Interest Coverage Ratio stood at 14.65 in 2022, then surged by 484.1% to 56.28 in 2023, then decreased by 25.45% to 41.96 in 2024, then increased by 15.56% to 48.48 in 2025, then fell by 6.47% to 45.35 in 2026.
- The last three Interest Coverage Ratio figures came in at 45.35 (Q1 2026), 48.48 (Q4 2025), and 33.01 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 45.35 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -46.83 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | - |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 2.66 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 1.28 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -2,410.00 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.35 |
| Dec 31, 2025 | 48.48 |
| Sep 30, 2025 | 33.01 |
| Jun 30, 2025 | 39.37 |
| Mar 31, 2025 | 23.23 |
| Dec 31, 2024 | 41.96 |
| Sep 30, 2024 | 35.75 |
| Jun 30, 2024 | 38.15 |
| Mar 31, 2024 | 26.40 |
| Dec 31, 2023 | 56.28 |
| Sep 30, 2023 | 73.10 |
| Jun 30, 2023 | 119.09 |
| Mar 31, 2023 | 24.07 |
| Dec 31, 2022 | -14.65 |
| Sep 30, 2022 | -22.85 |
| Jun 30, 2022 | 44.75 |
| Mar 31, 2022 | -20.18 |
| Dec 31, 2021 | 68.44 |
| Sep 30, 2021 | 17.20 |
| Jun 30, 2021 | 23.88 |