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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Solar's Total Stockholders Equity for the quarter that ended in Mar. 2026 was CHF7,777 Mil. First Solar's Total Assets for the quarter that ended in Mar. 2026 was CHF10,511 Mil.
Therefore, First Solar's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.74.
The historical rank and industry rank for First Solar's Equity-to-Asset or its related term are showing as below:
XSWX:FSLR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.74 Max: 0.8
Current: 0.74
During the past 13 years, the highest Equity to Asset Ratio of First Solar was 0.80. The lowest was 0.64. And the median was 0.74.
XSWX:FSLR's Equity-to-Asset is ranked better than 67.15% of 1029
companies
in the Semiconductors industry
Industry Median: 0.64
vs XSWX:FSLR: 0.74
First Solar (XSWX:FSLR) Equity-to-Asset 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 ROE % 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%.
First Solar Equity-to-Asset Related Terms
First Solar Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for First Solar's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Solar subindustry, First Solar's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Solar's Equity-to-Asset falls into.
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 total stockholders equity by total asset.
First Solar's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.74 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Solar and its competitors. This is near median its historical median of 0.74. Over the past decade, First Solar's Equity-to-Asset has ranged from 0.64 to 0.80. According to the industry distribution chart, First Solar ranks #338 out of 1029 companies in the Semiconductors industry, placing it in the top 32.8%.
Is First Solar's Equity-to-Asset too high?
First Solar's current Equity-to-Asset of 0.74 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.80. The Semiconductors industry median Equity-to-Asset is 0.64. First Solar's value of 0.74 is 15.6% above this industry median. Based on the distribution chart, First Solar ranks #338 out of 1029 companies in the Semiconductors industry, which is above the industry midpoint. Overall, First Solar has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Equity-to-Asset compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #338 out of 1029 companies for Equity-to-Asset. This puts First Solar in the upper half of its industry. The industry median Equity-to-Asset is 0.64. First Solar's value of 0.74 is 15.6% above this benchmark. Historically, First Solar's own Equity-to-Asset has ranged from 0.64 to 0.80 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.64, 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 Equity-to-Asset for a Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.64, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Equity-to-Asset of 0.74 is 15.6% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Equity-to-Asset is 0.74, which is near median its own 10-year median of 0.74. 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 Equity-to-Asset of 0.74. The stock's GF Value™ is CHF215.22, compared to a current price of CHF167.34 — trading 22.2% below its estimated fair value. The current Equity-to-Asset is 0.74, which is near median its 10-year median of 0.74 and 15.6% above the Semiconductors industry median of 0.64. First Solar's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Equity-to-Asset is 0.74 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 CHF167.34 is trading 22.2% below its estimated GF Value™ of CHF215.22.
Key valuation signals for XSWX:FSLR:
Equity-to-Asset: 0.74 (near median its 10-year median of 0.74)
GF Value™: CHF215.22 vs. price of CHF167.34 (22.2% below fair value)
Industry Position: 15.6% above the Semiconductors median (#338 of 1029)
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.
90GF Score
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