First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)
First Solar's (FSLR) quarterly Interest Coverage Ratio came in at 2.77 in Q2 2026, down 36.51% YoY from 4.36 in Q2 2025, and up 30.39% on a QoQ basis from 2.12 in Q1 2026.
First Solar (FSLR) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Interest Coverage Ratio data on file, last reported at 2.77 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 36.51% year-over-year to 2.77 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.13 (down 32.25% YoY) and the FY2025 annual result came in at 26.94, up 224.43% from the prior year.
- Interest Coverage Ratio advanced to 2.77 in Q2 2026, from 2.12 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 61.32 in Q4 2023 to a low of 128.23 in Q4 2022.
- A 5-year average of 1.4 and a median of 3.14 in 2025 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 174.44% — and 2024, when it jumped 1401.09%.
- Tracing FSLR's Interest Coverage Ratio over 5 years: stood at 128.23 in 2022, then soared by 147.82% to 61.32 in 2023, then tumbled by 74.13% to 15.86 in 2024, then increased by 9.0% to 17.29 in 2025, then slumped by 83.97% to 2.77 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.77 (Q2 2026), 2.12 (Q1 2026), and 17.29 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.97 Bn | 21.24 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 13.09 Bn | 11.88 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.09 Bn | 4.15 Bn | 175.01 Mn | 157.55 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -1.30 |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 983.58 Mn | -604.71 Mn | 124.40 Mn | 1.32 |
| 8 | JinkoSolar Holding | 832.42 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 728.56 Mn | 421.25 Mn | 99.60 Mn | 6.01 |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -46.19 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.77 |
| Mar 31, 2026 | 6.14 |
| Dec 31, 2025 | 17.29 |
| Sep 30, 2025 | 3.06 |
| Jun 30, 2025 | 6.01 |
| Mar 31, 2025 | 3.65 |
| Dec 31, 2024 | 17.48 |
| Sep 30, 2024 | 5.94 |
| Jun 30, 2024 | 7.93 |
| Mar 31, 2024 | 26.40 |
| Dec 31, 2023 | 89.35 |
| Sep 30, 2023 | 33.07 |
| Jun 30, 2023 | 18.23 |
| Mar 31, 2023 | 1.76 |
| Dec 31, 2022 | -13.15 |
| Sep 30, 2022 | -6.19 |
| Jun 30, 2022 | 12.54 |
| Mar 31, 2022 | -4.89 |
| Dec 31, 2021 | 68.44 |
| Sep 30, 2021 | 3.04 |