First Solar (First Solar) Debt-to-Equity

: 0.09 (As of Dec. 2023)

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First Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $107 Mil. First Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $518 Mil. First Solar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,687 Mil. First Solar's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for First Solar's Debt-to-Equity or its related term are showing as below:

FSLR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.12
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of First Solar was 0.12. The lowest was 0.04. And the median was 0.08.

FSLR's Debt-to-Equity is ranked better than
72.41% of 877 companies
in the Semiconductors industry
Industry Median: 0.26 vs FSLR: 0.09

First Solar Debt-to-Equity Historical Data

The historical data trend for First Solar's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.09

0.07

0.04

0.09

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.04	0.06	0.08	0.09	0.09

Competitive Comparison

For the Solar subindustry, First Solar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Solar Debt-to-Equity Distribution

For the Semiconductors industry and Technology sector, First Solar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Solar's Debt-to-Equity falls into.

First Solar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Solar's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.596	+	517.793)	/	6687.469
	=	0.09

First Solar's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.596	+	517.793)	/	6687.469
	=	0.09

First Solar (NAS:FSLR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

First Solar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of First Solar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

First Solar (First Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (NAS:FSLR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FSLR:Mexico 1FSLR:Italy F3A:Germany F3A:Germany F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

Website

https://www.firstsolar.com

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

Executives

Georges Antoun	officer: Chief Operating Officer	C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
Kuntal Kumar Verma	officer: Chief Mfg. Engineering Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Alexander R. Bradley	officer: Chief Financial Officer	77 RIO ROBLES, SAN JOSE CA 95134
Markus Gloeckler	officer: Co-Chief Technology Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
R Craig Kennedy	director	1844 "R" STREET, NW, WASHINGTON DC 20009
Mark R Widmar	officer: Chief Financial Officer	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Michael T Sweeney	director	GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
William J Post	director	400 NORTH FIFTH STREET, ., PHOENIX AZ 85004
Paul H Stebbins	director	C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Byron Michael Jeffers	officer: CAO, Interim	350 WEST WASHINGTON ST., TEMPE AZ 85281
Richard D Chapman	director	350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Jason E. Dymbort	officer: General Counsel, Interim	77 RIO ROBLES, SAN JOSE CA 95134
Norman L. Wright	director	26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Patrick James Buehler	officer: Chief Quality and Rel. Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Michael Koralewski	officer: Chief Mfg. Operations Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551