First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)
First Solar's (FSLR) Interest Coverage Ratio came in at 228.50 for Q3 2026, up 592.3% from 33.01 a year earlier and up 182.2% 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 Sep 30, 2026, Interest Coverage Ratio at First Solar was 70.33, up 104.2% 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 Q3 2026 figure stands as the highest quarterly Interest Coverage Ratio since Q4 2014.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last four quarters, with growth averaging 95.8% over the last eight quarters.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q3 2026, with growth of 592.3%; 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 80.96 (Q2 2026), 45.35 (Q1 2026) and 48.48 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 19.63 |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 29.96 |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 228.50 |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 25.86 |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 9.80 |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 4.13 |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 14.29 |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 2.05 |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 19.77 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 228.50 |
| 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 |
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();