First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)
First Solar's (FSLR) quarterly Interest Coverage Ratio came in at 80.96 in Q2 2026, up 105.62% on a YoY basis from 39.37 in Q2 2025, and up 78.54% quarter-over-quarter from 45.35 in Q1 2026.
Analysis
First Solar (FSLR) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Interest Coverage Ratio for 18 consecutive years, with 80.96 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio rose 105.62% year-over-year to 80.96; the trailing twelve-month figure through Jun 2026 stood at 46.88 (up 32.92% YoY), and the FY2025 full-year result was 36.18, up 0.87% from the prior year.
- Interest Coverage Ratio climbed to 80.96 in Q2 2026 per FSLR's latest filing, from 45.35 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 119.09 in Q2 2023 and bottomed at 22.85 in Q3 2022.
- Historically, Interest Coverage Ratio has averaged 37.35 across 5 years, with a median of 38.76 in 2025.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio slumped 232.89% in 2022, then soared 484.1% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 14.65 in 2022, then jumped by 484.1% to 56.28 in 2023, then dropped by 25.45% to 41.96 in 2024, then gained by 15.56% to 48.48 in 2025, then jumped by 66.98% to 80.96 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 80.96, 45.35, and 48.48 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 157.55 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -1.30 |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -1.12 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 6.01 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -3.71 |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 81.10 |
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 |