First Solar (FSLR) Notes Payables (2013 - 2023)
First Solar's (FSLR) quarterly Notes Payables came in at $6.8 million in Q1 2023, up 79.34% on a YoY basis from $3.8 million in Q1 2022, and down 47.28% quarter-over-quarter from $12.9 million in Q3 2022.
Analysis
First Solar (FSLR) Notes Payables (2013 - 2023) Analysis & Trends
First Solar (FSLR) has reported Notes Payables for 8 consecutive years, with $6.8 million the latest figure, recorded in Q1 2023.
- For the quarter ending Q1 2023, Notes Payables rose 79.34% year-over-year to $6.8 million; the trailing twelve-month figure through Mar 2023 stood at $6.8 million (up 79.34% YoY), and the FY2021 full-year result was $3.6 million, changed N/A from the prior year.
- Notes Payables retreated to $6.8 million in Q1 2023 per FSLR's latest filing, from $12.9 million in the prior quarter.
- Across five years, Notes Payables topped out at $12.9 million in Q3 2022 and bottomed at $1.2 million in Q2 2020.
- Historically, Notes Payables has averaged $4.4 million across 4 years, with a median of $3.1 million in 2020.
- The sharpest annual moves came in 2021 and 2022: Notes Payables tumbled 44.87% in 2021, then jumped 649.53% in 2022.
- Over 4 years, Notes Payables stood at $3.1 million in 2020, then climbed by 13.78% to $3.6 million in 2021, then surged by 263.15% to $12.9 million in 2022, then tumbled by 47.28% to $6.8 million in 2023.
- According to Business Quant data, Notes Payables over the past three periods registered $6.8 million, $12.9 million, and $7.4 million for Q1 2023, Q3 2022, and Q2 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2023 | 6.80 Mn |
| Sep 30, 2022 | 12.89 Mn |
| Jun 30, 2022 | 7.37 Mn |
| Mar 31, 2022 | 3.79 Mn |
| Dec 31, 2021 | 3.55 Mn |
| Sep 30, 2021 | 1.72 Mn |
| Jun 30, 2021 | 2.85 Mn |
| Mar 31, 2021 | 2.94 Mn |
| Sep 30, 2020 | 3.12 Mn |
| Jun 30, 2020 | 1.22 Mn |
| Mar 31, 2020 | 1.61 Mn |
| Dec 31, 2016 | 115.62 Mn |
| Sep 30, 2016 | 80.83 Mn |
| Jun 30, 2016 | 110.51 Mn |
| Mar 31, 2016 | 148.33 Mn |
| Dec 31, 2015 | 87.94 Mn |
| Sep 30, 2015 | 74.10 Mn |
| Jun 30, 2015 | 168.59 Mn |
| Mar 31, 2015 | 171.33 Mn |
| Dec 31, 2014 | 195.35 Mn |