First Solar (FSLR) Total Debt (2009 - 2026)
First Solar (FSLR) posted Total Debt of $37.64 million for Q2 2026, down 93.5% from $577.87 million a year earlier and down 91.2% from the prior quarter.
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Analysis
First Solar (FSLR) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, First Solar's Total Debt came in at $498.57 million, down 18.2% from FY2024.
- Annual Total Debt shows a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- In prior years, First Solar's Total Debt was $609.78 million in FY2024 (+8.8%), $560.31 million in FY2023 (+203.9%), $184.35 million in FY2022 (-23.2%) and $239.9 million in FY2021 (-14.1%).
- The Q2 2026 figure stands as the lowest quarterly Total Debt in data going back to Q2 2009.
- On a year-over-year basis, Total Debt has declined in each of the last four quarters, with an average decline of 15.2% over the last eight quarters.
- The strongest year-over-year quarter for Total Debt in the past five years was Q4 2023, with growth of 203.9%; the weakest was Q2 2026, with a decline of 93.5%.
- According to Business Quant data, Total Debt for the three prior quarters was $425.78 million (Q1 2026), $498.57 million (Q4 2025) and $554.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 2.79 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 2.58 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 37.64 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 2.02 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 1.33 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 1.04 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 572.84 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 445.30 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.64 Mn |
| Mar 31, 2026 | 425.78 Mn |
| Dec 31, 2025 | 498.57 Mn |
| Sep 30, 2025 | 554.96 Mn |
| Jun 30, 2025 | 577.87 Mn |
| Mar 31, 2025 | 525.14 Mn |
| Dec 31, 2024 | 609.78 Mn |
| Sep 30, 2024 | 581.58 Mn |
| Jun 30, 2024 | 558.90 Mn |
| Mar 31, 2024 | 619.60 Mn |
| Dec 31, 2023 | 560.31 Mn |
| Sep 30, 2023 | 499.45 Mn |
| Jun 30, 2023 | 437.41 Mn |
| Mar 31, 2023 | 320.38 Mn |
| Dec 31, 2022 | 184.35 Mn |
| Sep 30, 2022 | 259.66 Mn |
| Jun 30, 2022 | 175.17 Mn |
| Mar 31, 2022 | 252.06 Mn |
| Dec 31, 2021 | 239.90 Mn |
| Sep 30, 2021 | 278.61 Mn |
API Access
First Solar Total Debt 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=total-debt&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();