First Solar (WBO:FSLR) Cash-to-Debt : 3.37 (As of Dec. 2023)

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What is First Solar Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. First Solar's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.37.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, First Solar could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

WBO:FSLR' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.37 Med: 5.89 Max: 11.01
Current: 3.37

During the past 13 years, First Solar's highest Cash to Debt Ratio was 11.01. The lowest was 3.37. And the median was 5.89.

WBO:FSLR's Cash-to-Debt is ranked better than
60.94% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs WBO:FSLR: 3.37

First Solar Cash-to-Debt Historical Data

The historical data trend for First Solar's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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First Solar Cash-to-Debt Chart

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.64

3.62

4.58

11.01

3.37

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															11.01	6.17	3.90	3.35	3.37

Competitive Comparison of First Solar's Cash-to-Debt

For the Solar subindustry, First Solar's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

First Solar Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1927.982	/	(97.749	+	474.816)
	=	3.37

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1927.982	/	(97.749	+	474.816)
	=	3.37

First Solar (WBO:FSLR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

First Solar Cash-to-Debt Related Terms

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First Solar (WBO:FSLR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FSLR:USA FSLR:Mexico 1FSLR:Italy 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.