First Solar (FSLR) Interest Coverage Ratio (2009 - 2026)

First Solar (FSLR) posted Interest Coverage Ratio of 6.14 for Q1 2026, down 98.02% on a QoQ basis from 309.56 in Q4 2025, and up 68.25% year-over-year from 3.65 in Q1 2025.

First Solar (FSLR) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

First Solar's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 6.14 for Q1 2026.

  • Quarterly Interest Coverage Ratio rose 68.25% year-over-year to 6.14 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 30.58 (up 35.16% YoY) and the FY2025 annual result came in at 26.94, up 224.36% from the prior year.
  • Interest Coverage Ratio was 6.14 for Q1 2026 at First Solar, down from 309.56 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 309.56 in Q4 2025 and bottomed at 13.15 in Q4 2022.
  • A 5-year average of 31.0 and a median of 6.14 in 2026 frame the typical range for Interest Coverage Ratio.
  • Annual changes were most pronounced in 2022 — Interest Coverage Ratio slumped 303.92% — and 2024, when it jumped 1401.09%.
  • First Solar's Interest Coverage Ratio stood at 13.15 in 2022, then soared by 566.45% to 61.32 in 2023, then dropped by 9.35% to 55.59 in 2024, then jumped by 456.88% to 309.56 in 2025, then tumbled by 98.02% to 6.14 in 2026.
  • Business Quant data shows FSLR's Interest Coverage Ratio at 6.14 in Q1 2026, 309.56 in Q4 2025, and 3.06 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 6.14
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.78
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -1.04
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -0.66
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -0.21
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 2.66
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.32
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.25
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -46.19

Historic Data

Download Data
DateValue
Mar 31, 2026 6.14
Dec 31, 2025 309.56
Sep 30, 2025 3.06
Jun 30, 2025 6.01
Mar 31, 2025 3.65
Dec 31, 2024 55.59
Sep 30, 2024 5.94
Jun 30, 2024 7.93
Mar 31, 2024 26.40
Dec 31, 2023 61.32
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 -46.72
Sep 30, 2021 3.04
Jun 30, 2021 6.55