First SolarXSWX:FSLR -0.38%91 Cash Ratio is 1.10 as of Mar. 2026, which is 47% below its 10-year median of 2.09. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF216.46. The stock has 5 warning signs investors should review. Among 1,021 Semiconductors companies, First Solar ranks better than 51.42% on this metric.
First Solar has a Cash Ratio of 1.10. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for First Solar's Cash Ratio or its related term are showing as below:
XSWX:FSLR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.38 Med: 2.09 Max: 5.2
Current: 1.1
During the past 13 years, First Solar's highest Cash Ratio was 5.20. The lowest was 0.38. And the median was 2.09.
XSWX:FSLR's Cash Ratio is ranked better than 51.42% of 1021
companies
in the Semiconductors industry
Industry Median: 1.05
vs XSWX:FSLR: 1.10
First Solar (XSWX:FSLR) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
First Solar Cash Ratio Related Terms
First Solar Cash Ratio Historical Data
* Premium members only.
The historical data trend for First Solar's Cash Ratio 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.
XSWX:FSLR vs NXT, ENPH, RUN: Cash Ratio Comparison
For the Solar subindustry, First Solar's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Cash Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Cash Ratio distribution charts can be found below:
* The bar in red indicates where First Solar's Cash Ratio falls into.
* 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.
First Solar (XSWX:FSLR) has a Cash Ratio of 1.10 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on First Solar and its competitors. This is 47% below median its historical median of 2.09. Over the past decade, First Solar's Cash Ratio has ranged from 0.38 to 5.20. According to the industry distribution chart, First Solar ranks #496 out of 1021 companies in the Semiconductors industry, placing it in the top 48.6%.
Is First Solar's Cash Ratio too high?
First Solar's current Cash Ratio of 1.10 is 47% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 5.20. The Semiconductors industry median Cash Ratio is 1.05. First Solar's value of 1.10 is 4.8% above this industry median. Based on the distribution chart, First Solar ranks #496 out of 1021 companies in the Semiconductors industry, which is above the industry midpoint. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Cash Ratio compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #496 out of 1021 companies for Cash Ratio. This puts First Solar in the upper half of its industry. The industry median Cash Ratio is 1.05. First Solar's value of 1.10 is 4.8% above this benchmark. Historically, First Solar's own Cash Ratio has ranged from 0.38 to 5.20 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.05, First Solar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Semiconductors company?
The median Cash Ratio among Semiconductors companies is 1.05, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Cash Ratio of 1.10 is 4.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Cash Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Cash Ratio is 1.10, which is 47% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Cash Ratio of 1.10. The stock's GF Value™ is CHF216.46, compared to a current price of CHF185.60 — trading 14.3% below its estimated fair value. The current Cash Ratio is 1.10, which is 47% below median its 10-year median of 2.09 and 4.8% above the Semiconductors industry median of 1.05. First Solar's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Cash Ratio is 1.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Solar (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be undervalued.
The current stock price of CHF185.60 is trading 14.3% below its estimated GF Value™ of CHF216.46.
Key valuation signals for XSWX:FSLR:
Cash Ratio: 1.10 (47% below median its 10-year median of 2.09)
GF Value™: CHF216.46 vs. price of CHF185.60 (14.3% below fair value)
Industry Position: 4.8% above the Semiconductors median (#496 of 1021)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
91GF Score
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