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GuruFocus has detected 2 Warning Signs with First Solar Inc $FSLR.
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First Solar Inc (NAS:FSLR)
Equity-to-Asset
0.76 (As of Dec. 2016)

Equity to Asset ratio is calculated as shareholder’s tangible equity divided by its total asset. First Solar Inc's total equity for the quarter that ended in Dec. 2016 was $5,213 Mil. First Solar Inc's total assets for the quarter that ended in Dec. 2016 was $6,867 Mil. Therefore, First Solar Inc's Equity to Asset Ratio for the quarter that ended in Dec. 2016 was 0.76.

FSLR' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.04   Max: 0.8
Current: 0.76

-3.04
0.8

During the past 13 years, the highest Equity to Asset Ratio of First Solar Inc was 0.80. The lowest was -3.04. And the median was 0.71.

FSLR's Equity-to-Asset is ranked higher than
72% of the 844 Companies
in the Global Solar industry.

( Industry Median: 0.62 vs. FSLR: 0.76 )

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholder’s tangible equity divided by its total asset.

First Solar Inc's Equity to Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Equity to Asset (A: Dec. 2016 )=Total Equity/Total Assets
=5212.687/6867.213
=0.76

First Solar Inc's Equity to Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

Equity to Asset (Q: Dec. 2016 )=Total Equity/Total Assets
=5212.687/6867.213
=0.76

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Related Terms

Return on Equity, Total Assets, Total Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Solar Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
equity2asset 0.800.720.790.790.630.570.650.750.760.76

First Solar Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
equity2asset 0.740.750.750.740.760.760.760.770.740.76
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