First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)
First Solar's (FSLR) Interest Coverage Ratio came in at 80.96 for Q2 2026, up 105.6% from 39.37 a year earlier and up 78.5% from the prior quarter.
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Analysis
First Solar (FSLR) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Coverage Ratio at First Solar was 46.88, up 32.9% year-over-year; for FY2025, it was 36.18, up 0.9% from FY2024.
- In prior years, First Solar's Interest Coverage Ratio was 35.87 in FY2024 (-45.7%), 66.12 in FY2023, -2.23 in FY2022 and 44.77 in FY2021 (+238.9%).
- The Q2 2026 figure stands as the highest quarterly Interest Coverage Ratio since Q2 2023.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last three quarters, with growth averaging 15.4% over the last eight quarters.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q4 2021, with growth of 257.5%; the weakest was Q2 2024, with a decline of 68.0%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 45.35 (Q1 2026), 48.48 (Q4 2025) and 33.01 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 8.95 |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 20.46 |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 80.96 |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 21.60 |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 12.54 |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 14.29 |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 157.55 |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 2.13 |
| 10 | Nuscale Power | 3.18 Bn | 3.14 Bn | -152,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.96 |
| 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 |
API Access
First Solar Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();