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
DateValue
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